ICICI Securities Ltd | Retail Equity Research Amara Raja Batteries' (ARBL) Q4FY18 revenue was at | 1,581 crore (up 17.6% YoY) vs. our estimate of | 1,637 crore. The buoyancy in automotive sector has resulted into healthy growth momentum (4-W & 2-W segment grew 25% YoY & 30% YoY, respectively). However, the same was partly offset by industrial space that reported muted growth mainly due to telecom space, which reported de-growth The EBITDA margin contracted 39 bps YoY, 222 bps QoQ to 13.3%...