ICICI Securities Ltd | Retail Equity Research Amara Raja Batteries' (ARBL) revenues came in at | 1,497 crore (up 13.4% YoY) vs. our expectation of | 1,557 crore. According to the management, automotive battery business continued to maintain the growth trend but industrial battery business (mainly disruption in the telecom sector) has been subdued thereby resulting in lower volume...