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Pidilite delivered 11% domestic volume growth despite 13.5% export decline. Gross margins improved, partly reinvested in A&SP. EBITDA hit 24.5% (adjusted for a one-time INR47 Cr labor code charge). Dr. Fixit and Roff are driving strong growth, gaining market share in a fast-expanding tile adhesive market (18-20%). New ventures are progressing.