JLRs 4QFY16 topline at GBP 6,594mn ( 13% YoY) beat expectations as net ASP rose 5% QoQ despite a weaker regional/model mix. Adjusted for one-offs, EBITDA margin at 16.2% ( 180bps QoQ) positively surprised with gross margin expansion ( 240bps QoQ to 41.9%).