Incremental earnings growth under pressure from a multitude of factors Sales increased 10.9% YoY to INR8.65b (our estimate: INR8.61b) in 4QFY19, with same-store sales (SSS) growth coming in at 6% YoY (our estimate: 8%) off a high base (+26.5% in the year-ago period). Total Domino's store count stood at 1,227, with net addition of 27 stores (opened 30, closed 3) in the quarter. EBITDA grew 15.5% YoY to INR1.5b (our estimate: INR1.5b). Adj. PAT was up 16.3% to INR792m (our estimate: INR791m). Gross margin expanded 180bp YoY to 76.1%. Higher other expenses (+70bp...