ICICI Securities Ltd | Retail Equity Research Grindwell Norton's Q2FY17 numbers were broadly in line with our estimates. Revenues came in at | 311.2 crore (adjusted for Ind-AS) up 9.5% YoY, and in line with our estimate of | 311.1 crore Abrasives segment grew 11.8% YoY to | 219.9 crore in Q2FY17 vs. | 196.6 crore in Q1FY16 (our estimate 9% YoY growth). Non abrasives segment grew 12.5% YoY, | 115.3 crore in Q2FY17 vs. | 102.4 crore in Q1FY16 (our estimate: 13% YoY growth). Abrasives...