adjusted profit after tax (PAT) grew by 30.4% y-o-y to Rs. 404.2 crore (in-line with our expectation of Rs. 403 crore for the quarter). Jewellery business retained its strong footing, with 21% revenue growth. Eyewear business grew by 20%. Gross margins, however, declined marginally by 150BPS to 27.9%. OPM marginally increased by 21BPS to 10.8% due to operating...