ICICI Securities Ltd | Retail Equity Research On a consolidated basis, revenues were at | 2,494 crore (up 21.2% YoY), above our estimate of | 2,374 crore. Gross revenue from India increased ~19.3% YoY to | 2,202 crore (volume growth of ~14% & pricing growth of ~5%) while revenue from Mexico grew ~28% YoY to | 323 crore (volume & price grew 18% & 10%, respectively) EBITDA margin was at 10.5% (up 101 bps YoY but down 282 bps QoQ) vs. our estimate of 13%. On a QoQ basis, gross margin...