ICICI Securities Ltd | Retail Equity Research In a seasonally weak quarter for Navneet, revenues were at | 212.6 crore (I-direct estimate: | 225.3 crore), up 4% YoY. On the segmental front, revenues from the publishing and stationery segment grew 2% and 4% YoY to | 54.3 crore and | 157.8 crore, respectively EBITDA margins for the quarter declined 308 bps YoY to 11.2% (Idirect estimate: 12.0%) on account of an increase in employee and other expenses by 23% and 11%, respectively. EBIT margins for the publication segment declined 953 bps YoY to 15.5% mainly on...