Navneet reported mixed Q4FY20 results wherein revenues were impacted by Covid-19 disruptions while better gross margins supported PAT growth. Revenue for the quarter declined 15.6% YoY to | 207.2 crore (publication: 10% to | 55.9 crore, stationery: -17.5% to | 151.0 crore). According to the management, due to lockdown company, lost revenues worth | 54 crore (publication: | 10 crore, stationery: | 44 crore). Gross margins improved substantially by 950 bps YoY to 61.6% owing to benefits of a decline in paper prices (~600 bps) and favourable product mix for stationery exports. EBITDA grew 16% YoY to | 32.7 crore with margin expansion of 430 bps...