Q2FY19 showed continued margin traction: Bata India Ltd's revenue for Q2FY19 came in at Rs. 6730 Mn, up 14.7% YoY but down by 15.6% QoQ , almost in line with our estimate. EBITDA for the quarter came in at Rs. 719.9 Mn, up 35.5% YoY (down 34% QoQ).