ICICI Securities Ltd | Retail Equity Research Revenues grew 7% YoY to | 3914 crore, (I-direct estimate: | 4167 crore) mainly due to 15% growth in the domestic formulations to | 1601 crore (I-direct estimate: | 1677 crore). EBITDA margins improved 234 bps YoY to 20.9%, and came above Idirect estimate of 20.3% mainly due higher gross margins (64.8% vs I-Direct estimates of 64%). EBITDA grew 21% YoY to | 819 crore (Idirect estimate: | 846 crore) PAT grew 7% to | 401 crore (I-direct estimate: | 482 crore) as higher operational performance YoY was largely negated by | 174 crore of...