We maintain our BUY rating on DB Corp with a revised target price of Rs368. We believe the ad growth for the company in FY19E would be back ended driven by volumes and uptick in selective categories. Further the company would benefit in medium term as the increase in circulation would translate into readership leading to ad yield increase. Circulation revenue would continue to grow at double digit on the back of increase in copies while new radio stations have turned ebidta positive in Q4FY18 translating in margin expansion. We believe near term margins would be impacted with steep increase in newsprint prices....