markets has already started as per the management. Also the Halol plant which started from March will take up the total capacity to 8.9 mn per year which would enable the company to cater to the demand which is expected to move up from FY 18. Another upcoming plant at AP is supposed to take up this capacity to 10 mn in a couple of years. We therefore believe that the company is poised for a healthy volume growth in the ensuing years, sorting out capacity issues if any. Furthermore, H2 will witness a bump up in sales growth based on lower base of last year's H2 when demonetization was implemented. Hence, expect Hero's volumes to grow at a higher pace of 9.1%/10.4% for FY18E/19E respectively....