ICICI Securities Ltd | Retail Equity Research JK Cement's Q2FY17 revenues broadly remained in line with estimates led by healthy growth in white cement sales. While white cement sales grew 15.9% YoY to 0.27 MT, grey segment reported volume growth of mere 3.8% YoY to 1.64 MT due to excessive monsoon in some parts of the south. Further, the company faced some technical issue at its silo in Karnataka that also had a negative impact on cement production On the margin front, EBITDA margins improved 420 bps YoY to 16%...