After seeing a moderation in growth in the last three years, Bhartiya International's (BIL) fashion business growth inched up to 16% YoY in H1FY19 along with a 220 bps improvement in EBITDA margin to 10.4%. Going ahead, BIL is looking to achieve a turnover of | 1000 crore in FY20E and improvement in EBITDA margin (12%) as textile business (~35% of topline) reached break-even level. With better revenue growth, it expects better contribution from the textile business. Secondly, we are finding it difficult to monitor the progress of its real estate business given the lack...