SSL's Q1FY18 consolidated revenues grew 13% YoY to | 1323.4 crore, marginally above our estimate of | 1312.5 crore. Growth was mainly driven by strong performance in departmental stores wherein it reported revenue growth of 22% YoY to | 941 crore (I-direct estimate: | 856.1 crore). HyperCity reported revenue growth of | 282.2 crore (I-direct estimate: | 266.2 crore) Consolidated EBITDA rose 38.2% YoY to | 27.8 crore compared to our estimate of | 26.5 crore. Consolidated operating margins...