ICICI Securities Ltd | Retail Equity Research Revenues increased 5.7% YoY to ~| 1002.1 crore (vs. I-direct estimate: | 1082.5 crore) largely on account of volume growth as the company has taken a price cut to pass on the benefit of lower raw material prices to its customers. Our estimates suggest a volume growth of ~12% & realisation dip of ~7% The EBITDA margin for the quarter increased 340 bps YoY at 19.8% (vs. I-direct estimate: 17.0%) with a 640 bps saving in raw material...