ICICI Securities Ltd | Retail Equity Research Revenues for the quarter grew 6.2% YoY to | 674.0 crore (I-direct estimate: | 708.1 crore). Post GST implementation, excise duty was subsumed in GST and was not a part of revenue. Hence, revenues are not directly comparable on a YoY basis On account of higher proportion of value added products in the revenue mix, gross margins for the quarter improved 155 bps YoY to 55.1%. Furthermore, controlled operational cost structure and...