BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
- Key Triggers:
- India is the world’s third largest lubricants market with approximately 2.7 billion litre of annual consumption.
- Castrol India Ltd. is the number one private player with approximately 12% market share, while the oil marketing companies enjoy approximately 45% market share.
- Castrol’s volume is expected to clock 2.5% compound annual growth rate over CY19-CY22E.
- Premiumisation and power brands are expected to drive realisation and margin.
- Inexpensive valuation compared to fast moving consumer goods players.
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