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.
Castrol India saw good growth in revenue and margins in Q2 as goods and services tax (GST) headwinds seems to be behind for the company. In an interview to CNBC-TV18, Omer Dormen, MD of Castrol India spoke about the results and his outlook for the company.
Castrol India posted weak Q2CY17 earnings as revenues took a hit and margins were impacted by lower gross margins. In an interview to CNBC-TV18, Omer Dormen, Managing Director of Castrol India spoke about the results as well as the latest happenings in his company and sector.
In an interview to CNBC-TV18, Omer Dormen, MD of Castrol India spoke about the results and his outlook for the company. For the majority of the lubricant products, goods and services tax (GST) has been announced at 18 percent. He believes it is a good move and it will fuel larger demand in the market place.
Castrol India has a long term strategy of focussing on personal mobility side and wants to sustain profitability and volume growth going forward, said Rashmi Joshi, Chief Financial Officer and Whole Time Director, Castrol India.
In an interview with CNBC-TV18, Omer Dormen, MD of Castrol India said that the company saw 5-6 percent volume growth in the first nine months of the year and remains bullish on volume growth for the next few quarters.
Castrol has seen growth across segments like personal mobility, commercial vehicles (CV) and industrial, says Rashmi Joshi, Director, Finance, Castrol India
Castrol India has seen a robust volume growth of 9 percent during the March quarter, Rashmi Joshi, Director-Finance at Castrol India told CNBC-TV18.
Speaking to CNBC-TV18, Ravi Kirpalani, MD, Castrol India says the base oil price decline has been half that of crude price. The company plans to pass on some of the benefits of reduced base oil prices to consumers.
Margins will get squeezed and the biggest risk comes from foreign exchange volatility. But despite all this, the company has no plans to go slow on investments.