ICICI Securities Ltd | Retail Equity Research For Q1FY19, revenues declined 12% YoY to | 826.6 crore, albeit on a high base of Q1FY18. Due to adjustment of Ind-As 115 and implementation of GST, adjusted growth according to the management should have been flattish. For Q1FY19, footfalls for the departmental store declined 8% YoY to 100.92 lakh customers. However, the conversion ratio improved 120 bps YoY to 27.9% Gross margins for the quarter improved 475 bps YoY to 41.0%....