CCL is setting-up a greenfield 5,000 MT freeze dried coffee plant in Chittur district of Andhra Pradesh which will commence production by mid-CY18.The benefits of this expansion will be visible from FY19 onwards. Thus, we estimate volumes at standalone operations to post a CAGR of ~11% over FY17-19E. Moreover, with the ramp up of Vietnam plant, capacity utilisation has shown remarkable improvement since FY15. We expect volumes at Vietnam operations to grow at a CAGR of ~26% over FY17-19E. Hence, we project CCL's overall sales volume to grow at a CAGR of 15.5%...