Cox & Kings reported a mixed set of numbers. Revenues increased 15.5% YoY to | 532.3 crore (vs. I-direct estimate: | 528.9 crore) mainly led by a 20.8% YoY increase in Leisure India EBITDA increased 75.1% YoY to | 135.6 crore (above I-direct estimate of | 104.7 crore) mainly led by forex gain of | 39 crore (vs. forex loss of | 14 crore in Q4FY17) and improvement in leisure international margins. Excluding forex impact, reported EBITDA grew merely 5.0% mainly due to higher marketing cost and opening of...