Bata India reported a mixed set of Q2FY18 numbers wherein revenues were below our estimates while profitability was above our estimates. Revenues for the quarter grew marginally by 1.5% YoY to | 586.9 crore (I-direct estimate: | 614.3 crore). Bata's wholesale business (~15% of total sales) continued to remain under pressure owing to GST transition. Revenues from the wholesale channel declined ~10% YoY dragging overall revenue growth. Retail segment revenues grew 2% YoY. Post GST implementation,...