ICICI Securities Ltd | Retail Equity Research India Cements (ICL) reported mixed Q1FY19 results. Revenues increased 5.5% YoY to | 1,360.7 crore (vs. I-direct estimate: | 1,377 crore). Growth was mainly driven by sales volumes, which were up 15.8% YoY to 3.08MT. ICL achieved capacity utilisation of ~80%, which is far better given the south region has excess capacity However, the pricing environment remained weak due to low demand from retail and non-institutional segment. Also, costs like power (up...