In line quarter; Better guidance for FY20; Maintain Buy The Q4FY19 results were in line with our estimates, as the inability to pass cost to customers led to a decline in the margins in the durables business. The performance in the lighting segment was better, both in value and volume terms. Margins in the lighting segment also improved, as the benefits of the cost reduction initiatives kicked in. In FY20, the ECD segment's margins should also rise due to an improvement in the product mix while current margins in the LED segment should sustain. We...