Volume growth
Fundamental analysisAlso called: Underlying volume growth, UVG
Growth in the quantity sold, as opposed to growth in revenue.
In plain terms
The FMCG number that shows whether brands are winning. Revenue can rise on price alone while the company sells no more than last year.
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Fundamental analysisAlso called: Rated capacity, Nameplate capacity
The maximum output a company’s plants are rated to produce over a period, disclosed in units rather than rupees.
In plain terms
The ceiling on volume growth without fresh capital expenditure. Set beside actual production it gives capacity utilisation, and beside industry-wide additions it tells you what supply is coming.
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