Castrol India posted a strong set. In an interview to CNBC-TV18, Rashmi Joshi, CFO and Whole Time Director of Castrol spoke about the results and her outlook for the company.
Joshi said that we have delivered remarkably well despite touch operating environment during 2017 and our growth strategy is on track.
She further said that in we have gained momentum in Q4 and saw volume growth across categories.
On price front, she said another price increase will depend on crude movement.
We expect crude to be range bound at USD 55-60/bbl for the year.
She mentioned that 50 percent of lubricant market comes from commercial vehicles. Therefore, expect 3-5% growth in the commercial vehicle lubricants segment over long-term.
We continue to hold 20 percent market share, she added.
For entire interview, watch accompanying video.
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