Strong growth visibility for Castrol, Gulf Oil

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

Sheetal Agarwal 

Note ban notwithstanding, leading lubricants makers Castrol India (Castrol) and Gulf Oil Lubricants India (Gulf Oil) posted an increase in volumes in the December 2016 quarter, though the rate of growth was pretty divergent. Importantly, analysts expect the trend to improve and profit margins to remain firm going ahead. For the December quarter, new launches and expansion of its retail distribution network fuelled a nine per cent volume growth (excluding one-offs in the year ago quarter) for Gulf Oil, while this metric grew by just two per cent for Castrol, driven by healthy traction ...

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Strong growth visibility for Castrol, Gulf Oil

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

Analysts expect volumes to improve and profit margins to remain firm going ahead Note ban notwithstanding, leading lubricants makers Castrol India (Castrol) and Gulf Oil Lubricants India (Gulf Oil) posted an increase in volumes in the December 2016 quarter, though the rate of growth was pretty divergent. Importantly, analysts expect the trend to improve and profit margins to remain firm going ahead. For the December quarter, new launches and expansion of its retail distribution network fuelled a nine per cent volume growth (excluding one-offs in the year ago quarter) for Gulf Oil, while this metric grew by just two per cent for Castrol, driven by healthy traction ... image
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