Earnings Q3 earnings preview: Benign raw material prices to aid FMGC players' margins; volume growth to be tepid Updated : January 13, 2020 04:17 PM IST Volume growth is expected to remain tepid while EBITDA growth would be driven by margin expansion on the back of benign raw material prices. Bottomline growth will have significant benefit from recent corporate tax cuts. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.