Growth from Instant Coffee and Pepper Divisions: Current capacity utilization in instant coffee division is around 92% and is expected to improve to 95% and 99% in FY16E and FY17E but growth in per tonne realization is expected to be muted. Growth in capacity utilization of Roasted and Ground Coffee (R&G) division and growth from Pepper division on the back of improvement in volumes are further going to support the revenue of standalone business in FY16E and FY17E.