Britannia Industries will report a good set of numbers on Monday and the focus will be on the company's volume growth, which is likely to be between 8-10 percent.

Britannia Industries is 16 percent off its record high. Currently trades at 46 times two year forward earnings; at the peak it was trading at around 56 times. So there is a 10 multiple dilution there or valuation discount in Britannia.

As far as numbers are concerned, they are likely to be good. 12 percent revenue growth is what the street is working with, 15.5 percent growth on the EBITDA, margins are likely to expand by about 60 basis points.

Volume growth would be anywhere between 8-10 percent and the remainder of the 12 percent revenue growth will come from 3-4 percent price growth.

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