Castrol India - Pent Up Demand Drives Earnings In Q1; Covid-19 Likely To Impact In Q2: Motilal Oswal
Castrol India Ltd. (image: Company website)

Castrol India - Pent Up Demand Drives Earnings In Q1; Covid-19 Likely To Impact In Q2: Motilal Oswal

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.

Motilal Oswal Report

Castrol India Ltd. delivered a beat across all fronts, led by higher than estimated volumes of approximately 61 million litre (up 62% YoY and 17% QoQ) – aided by pent up demand in January-February 2021.

Commercial and two-wheeler segment performed well during Q1 CY21, while demand from agriculture sector remains robust (led by higher tractor sales).

However the management said additional restrictions/lockdowns are resulting in a market slowdown in various parts of India, thus posing a challenge to its Q2 CY21 volume outlook.

Click on the attachment to read the full report:

Motilal Oswal Castrol India Q1CY21 Result Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.