Shankara Building Products' (Shankara) topline grew 15.5% YoY to | 624.6 crore and was above our estimate of | 585.8 crore mainly on account of higher-than-expected revenues in the retail division Retail division revenues grew robustly at 32.2% YoY to | 298.9 crore (our expectation: 23% YoY growth to | 278.2 crore). Furthermore, same stores sales growth in the retail division was at 22% while adjusted for GST/excise impact, it was at 37% EBITDA margin contracted 30 bps YoY to 6.5% and was below our...