ICICI Securities Ltd | Retail Equity Research Grindwell Norton (GNL) reported strong Q1FY19 numbers, which were above our estimates on the operational front Revenues came in at | 381.1 crore, up 12.9% YoY, slightly below our estimates of | 387.3 crore. Abrasives, ceramics and new initiatives' segment contributed 60%, 12.5% and 29.4%, respectively Increased contribution from higher margin segments like ceramics and new initiatives' segment led to a strong operational performance...