Great raw material prices to help the margins of FMGC players; slow volume growth

In the third quarter of fiscal 2020, brokerages said, the fast-moving consumer goods (FMCG) companies are likely to witness a subdued earnings growth.

Volume growth is expected to remain tepid while growth in EBITDA would be driven by margin expansion on the back of benign prices of raw materials.

Bottom line growth, however, will benefit significantly from the recent corporate tax cuts.

The Nifty FMCG index also ....