Healthy revenue growth across segments, except institutional anti-malaria business: Sales at INR10.8b (v/s est. INR9.6b) were up 23% YoY, led by API and exports (formulation). API grew 37% YoY to INR3b (30% of sales). Generics' exports grew 21% YoY to INR1.3b (13% of sales). Branded exports grew 17% YoY to INR916m (9% of sales). Domestic formulation sales grew 13% YoY to INR4.5b (46% of sales). Overall growth was dragged to some extent by 34% YoY decline in the Institutional (INR273m) segment. Better operating leverage offsets reduction in gross margins: Gross margins...