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Strong growth visibility for Castrol, Gulf Oil

Analysts expect volumes to improve and profit margins to remain firm going ahead

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Compass

Sheetal Agarwal 

Despite note ban, lubricant makers Castrol India and Gulf Oil Lubricants India saw an increase in sales volumes in December quarter, but the percentage increases were pretty different. Importantly, analysts expect the growth trend to improve and operating profit margins to remain firm going ahead.

New launches and expansion of retail network fuelled a nine per cent volume growth in sales (excluding one-offs in year-ago quarter) for Gulf Oil, while Castrol clocked just two per cent on healthy growth in personal mobility segment. Castrol's sales volumes were also aided by price cuts ...

First Published: Wed, March 01 2017. 23:25 IST
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