The standalone volume, value growth at ~3%, 5%, respectively, was mainly due to muted C&B; volume growth at 2% YoY led by poor demand in urban India (largely from real estate) and liquidity issue. On the industrial front, volumes grew 13% YoY. Further, while the performance of domestic subsidiaries (revenue declined ~3% YoY) was marred by a slowdown in real estate, auto and engineering industry, overseas subsidiaries recorded revenue growth of 10% led by the strong performance of the company in Bangladesh and Sri Lanka. The management reiterated the future volume...