ICICI Securities Ltd | Retail Equity Research Overall revenues at | 568.3 crore (up 7.5% YoY) were largely in line with our estimate of | 554.5 crore. Print advertisement revenues came in at | 350.3 crore, up 6.1% YoY and higher than our expectations of 5% YoY growth. We note that print ad growth of 6.1% YoY, despite pre GST led uncertainty, is noteworthy and bodes well for the company. The radio ad growth continued to outperform print at 16.7% YoY (| 34.9 crore) vs. our estimate of 9% YoY growth. Digital...