Led by marketing initiatives and certain pricing changes, the Saffola witnessed a significant 19% volume growth against 2% in Q3FY19. The management expects this recovery to continue in coming quarters and has guided for mid-teens volume growth, going forward. We expect the company to witness superior volume trajectory on the back of improved Saffola numbers. Modern trade and e-commerce channels also helped growth in Saffola portfolio. As of today, e-commerce contribution to turnover has already crossed 3% compared to <1% on a YoY basis. We...