The Covid-19 pandemic has had a grievous impact on the global travel industry and retail environment. Revenues for Q4FY20 fell 28% YoY to | 311.3 crore. While sales in January-February fell 7% YoY to | 279.0 crore, March was a complete washout with revenues down 76% YoY to | 32.0 crore. The company's procurement from own facility in Bangladesh increased substantially from 10-15% to 55% in Q4FY20. This translated into gross margin expansion of ~1000 bps to 57.6%. Owing to negative operating leverage, EBITDA margins (adjusting for Ind-AS 116) contracted...