ICICI Securities Ltd | Retail Equity Research Revenues for Q1FY19 grew 7% YoY to | 456 crore (I-direct estimate: | 440 crore). Express distribution & supply chain (EDSC) grew 5% to | 366 crore. Growth was further accelerated by 17% and 12% YoY growth in fuel and other sales, respectively Lower operating expenses to sales ratio (56.7% in Q1FY19 vs. 58.1% in Q1FY18) improved EBITDA margins by 53 bps to 4.8%....