India, June 11 -- FMCG major Tata Consumer Products Ltd (TCPL) will pursue a combination of volume-led growth and selective price increases to drive expansion, while targeting an EBITDA margin of over 20 per cent in the coming years, Chairman N Chandrasekaran said on Wednesday.

Addressing shareholders at the company's 63rd Annual General Meeting, Chandrasekaran said profitability would improve through a better product mix, higher volumes and contributions from newly launched categories.

"The growth will be both volume-based and pricing-based. The company is very clear that volume growth is important because we cannot deliver growth only based on pricing," he said.

Chandrasekaran, who is also Chairman of Tata Sons, said volume growth wo...