grew by 11% y-o-y to Rs. 133.1 crore from Rs. 120 crore in Q4FY2019 (in-line with our estimates) led by a growth of 10.5% in the quantity of apparel sales. On the other hand, realization was flat at Rs. 910 per unit. The apparel sales quantity was at 13.8 lakh units as against 12.5 lakh units in Q4FY2018. Gross margins improved by 593 BPS because of a considerable reduction...