ICICI Securities Ltd | Retail Equity Research JK Cement's Q4FY17 results were above our estimates. Revenues rose 7.7% YoY to | 1,018.9 crore (above I-direct estimate of | 913.5 crore) mainly led by 7.3% YoY rise in grey cement revenues to | 692.3 crore (driven by higher realisation, up 9.6% YoY) & 8.5% YoY increase in white cement revenues driven by capacity expansion in wall putty Blended EBITDA/tonne came in at | 843/tonne (vs. I-direct estimate: | 750/tonne). The board has recommended a dividend of | 8 per share...