Inox reported healthy revenue growth YoY on back of good ad and F&B; revenue. EBITDA margin improved 470bps YoY to 13.0% due to healthy ad/SPH growth. Hindi Box office collection is estimated to decline 19%YoY in Q1FY19 due to a high base of Bahubali-2; further, we continue to prefer Inox over PVR in anticipation of better ad/SPH growth. Inox is trading at fair valuations of 11.6/9.5 based on FY19/FY20 EV/EBITDA. We maintain our...