ICICI Securities Ltd | Retail Equity Research Revenues grew 3% YoY to | 3316 crore (I-direct estimate: | 3302 crore) mainly due higher volume uptake in emerging markets and Europe as well as new launches across geographies. This was partially offset by price erosion in the US and channel destocking in the India due to GST transition EBITDA margins declined 534 bps to 9.8% (I-direct estimate: 16.3%) due to sharp 464 bps decline in gross margins to 51.6% (I-direct...