We anticipate Somany's sales volumes will improve in H2FY19 as operational disruption such as trucker's strike, Kerala flood, software related issues & credit control measures are behind us. Additionally, 3.5 million square metre (msm) GVT capacity addition in Andhra Pradesh will further aid volume growth for the company from FY20E. We expect Somany's sales volume to grow 11.3% in FY20E. Furthermore, with the company taking price hikes across the product portfolio, an increase in share of value-added products, expected fall in gas prices & higher...