ICICI Securities Ltd | Retail Equity Research Navneet reported a healthy topline growth of 13% YoY to | 174.4 crore (I-direct estimate: | 174.9 crore) mainly driven by 49% revenue growth in the stationery segment to | 89.3 crore. Publishing segment disappointed with sales declining 10% YoY to | 84.5 crore Gross margins for the quarter declined 378 bps YoY to 54% on account of higher contribution from the stationery segment in the revenue mix and increase in paper prices (up 7% YoY). However,...