ICICI Securities Ltd | Retail Equity Research Revenues grew 6% YoY to | 278 crore (I-direct estimate: | 281 crore) mainly due to 6% YoY growth in domestic formulations to | 144 crore. Export formulation grew mere 3.6% YoY to | 108 crore, although, US formulations grew 27% YoY to | 38 crore EBITDA margins declined 358 bps YoY to 14.2% (I-direct estimate of 16.7%) mainly on account of higher YoY employee and R&D; costs. EBITDA declined 15%YoY to | 40 crore (I-direct estimate: | 47 crore)...