ICICI Securities Ltd | Retail Equity Research Navneet's revenues grew 19% YoY to | 670 crore (I-direct estimate: | 620.9 crore). Growth was mainly driven by the stationery segment, which grew 60% YoY to | 303.4 crore. In the seasonally strong quarter for the publication segment, revenues in the segment declined marginally by 1.5% YoY to | 366 crore EBITDA margins for the quarter improved 60 bps YoY to 29.5% (Idirect estimate: 28.1%) on account of a decline in employee & other expenses as a percentage of sales by 60 and 20 bps, respectively. On...