Once the GST impact wears off, the company should soon get back to its high profit path

Lubricants maker Gulf Oil Lubricants India put up a decent show in the June 2017 quarter. Volume growth in April and May 2017 was in double-digits y-o-y. The GST implementation led to some de-stocking and inventory reduction by distribution partners and retailers in June. Despite this, the company’s volumes grew about 7 per cent y-o-y in the June 2017 quarter, in its core business (after excluding...