Improved Margins; Growth is on track with Online Sales contributing Significantly: Mirza International revenue for Q2FY18 came in at Rs. 2404 Mn, registering 4.7% QoQ decrease, and by 4.0 % YoY. EBITDA for the quarter increased by 12.2% YoY and decreased by 3.9% QoQ to Rs. 424 Mn with a corresponding margin expansion of 254 bps YoY on the back of increased Indian Branded Footwear (RedTape) Sales at Rs. 1700 Mn for H1FY18 increasing by 95% YoY and further aided by favourable changes in inventories. UK, US, RoW (Rest of the World) sold 90 Mn, 25 Mn and 5 Mn pairs.