ICICI Securities Ltd | Retail Equity Research TTK reported robust revenue growth (net of discounts) of 20.5% YoY to | 552.0 crore (I-direct estimate: | 549.9 crore). The healthy growth can be attributed to buoyant consumer sentiment and a shift of the festive season. Domestic sales grew 23% YoY to | 588 crore while exports grew 14.4% YoY to | 9.6 crore EBITDA margins for the quarter expanded 100 bps YoY to 15.5% (Idirect estimate: 14.5%) mainly on account of a favourable product mix and lower other expenses. Higher employee expenses (up 30%...