EBITDA came in at | 60.8 crore (up 108% YoY but down 15.8% QoQ), lower than our estimate of | 63.5 crore. The corresponding EBITDA margin for Q1FY18 was at 13.5%, lower than our estimate of 15.6% (Q4FY17 EBITDA margin: 16.0%, Q1FY17 EBITDA margin: 10.1%). During Q1FY18, other expenses (as a percentage of sales) increased 160 bps QoQ to 18.0% while raw material costs (as a percentage of...