ICICI Securities Ltd | Retail Equity Research Vardhman Textiles' (VTL) consolidated results came in above our estimates on both the revenue and profitability fronts. Consolidated revenues grew 5% YoY to | 1564 crore (I-direct estimate: | 1502 crore). Consolidated EBITDA margins increased 320 bps YoY to 24.2% vs. our estimate of 18.8%. Consolidated PAT was at | 454 crore vs. | 137 on the back of a 40% equity stake sale in Vardhman Yarns & Threads and sale of land in Hoshiarpur...