Sustaining strong volumes amid high base, input costs crucial for Britannia

In Q2, revenues grew by 12.5% and net profit by 16.1%, led by double-digit volume growth

With strong volume growth in the September 2018 quarter (Q2), Britannia, too, walked the path of many of its fast-moving consumer goods (FMCG) peers. Britannia clocked double-digit volume growth of 10-11 per cent, according to analysts, which was on expected lines. This helped the company post in-line numbers for Q2 (announced on Monday). This allowed consolidated revenues to grow by 12.5 per cent year-on-year to Rs 28.5 billion in Q2, while net profit increased 16.1 per cent to Rs 3 billion. 

However, as the low base effect wears off, the question is: Will this strong volume show continue? 

Firstly, given