Britannia Industries will report its first-quarter earnings on Friday and analysts expect the company to report a double-digit profit growth.

Revenue growth is seen at 9 percent at Rs 2,775 crore, the EBITDA likley to grow 9.5 percent at around Rs 430 crore.

Net profit is likely to grow by 11.5 percent. CNBC-TV18’s poll estimates Rs 287 crore in net profit.

The 6 percent volume growth comes on a high base of around 12.5 percent. The street expects a mild decline in the company’s gross margin because wheat and sugar, which accounts for 45 percent of their raw materials, have risen by about 7 to 10.5 percent, respectively.

The stock has corrected a fair bit, almost around 25-26 percent. From the peak of around Rs 3,470, now it trades at around Rs 2,500.