ICICI Securities Ltd | Retail Equity Research Vardhman Textiles (VTL) reported a mixed set of Q4FY17 numbers. Consolidated revenues increased 8.9% YoY to | 1608.5 crore vs. estimated | 1593.3 crore. Revenues from the textile segment grew 8.3% YoY to | 1549.7 crore whereas revenues from acrylic fibre declined 10.5% YoY to | 87.2 crore On account of increase in cotton prices, gross margins for the quarter contracted 560 bps YoY to 46.7%. Subsequently,...