Revenue growth contributed by Horwood: TTK Prestige (TTKPT) reported overall revenues of INR3.8b (est. of INR4.4b), marking 11.3% YoY growth. Horwood contributed INR350m of sales, excluding which growth was flat in the domestic business. EBITDA margins expanded 130bp to 12.4% in 1QFY17 (est. of 12.5%), led by gross margin expansion of 190bp, but partly offset of an increase in employee costs. EBITDA grew 25% YoY to INR472m, while adj. PAT...