New Delhi, Oct. 7 -- Dabur India expects its India FMCG business revenue to grow by double digits year-on-year in the September quarter (Q2FY27), according to its update. Should investors cheer this? If double-digit means closer to 10%, then it may not be good enough. That's because the 4.5% year-on-year price growth in Q1 is likely to have at least continued, if not accelerated, in Q2, indicating domestic volume growth of about 5.5%.

Note that revenue growth of 10% will be largely in line with Q4FY26 and Q1FY27, when growth stood at 9.5% each. Plus, commentary on various segments hardly brings any big surprises either.

Home and personal care (HPC), which accounted for almost half of FY26 domestic revenue, is likely to grow in the doubl...