ICICI Securities Ltd | Retail Equity Research Revenues for Q2FY17 came in at | 171.4 crore (I-direct estimate: | 135.8 crore), up 46% YoY. Publishing segment revenue grew 58% YoY to | 108.6 crore, driven by shift of revenue from Q1FY17 to Q2FY17. Stationery segment grew 26% YoY to | 58.7 crore EBITDA increased from | 11.7 crore in Q2FY16 to | 29.7 crore (Idirect estimate: | 17.7 crore). EBITDA margin improved 607 bps YoY to 17.4% due to YoY improvement in EBIT margin in both publication (up 1046 bps to 30.9%) and stationery segment. Stationery segment...