One, the disruption caused by the goods and services tax (GST) is ebbing and volume growth is recovering. Other firms Dabur India Ltd, Godrej Consumer Products Ltd and Marico Ltd also reported good volume growth. They said consumer demand was picking up gradually and that the trade channels were also gradually returning to normal business. The value sales growth indicates firms are relying more on volume growth rather than price-led growth to drive sales growth. A cut in GST rates on key personal care categories in November should also help volume growth.

Source: Mint November 23, 2017 20:03 UTC