ICICI Securities Ltd | Retail Equity Research Siyaram Silk Mills (SSML) reported a decent set of Q2FY17 numbers with an increase in revenue by 6.7% YoY to | 419.6 crore. EBITDA rose 7% YoY to | 53.5 crore while EBITDA margins remained flat at 12.7%. Gross margins improved marginally by 46 bps YoY to 51.3% on the back of decline in raw material cost to sales ratio. Employee cost to sales ratio and other expenses to sales ratio increased by 69 bps and 153 bps respectively, however a decline in...