Castrol India Q1 Review - Double Digit Volume Growth Sequentially: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Castrol India Ltd.’s Q1 CY22 volumes were above our estimates at 59 thousand kilo litre. Realisation was at Rs 209.4/litre. Revenue increased by 8.5% YoY and by 13.3% QoQ due strategic market actions and growth from agri sector. Castrol India aims for double the market growth every year. Gross spreads increased by 4.5% on a YoY basis and were flat on a sequential basis. The company is taking pricing actions as and when required and will take necessary steps to keep cost in control. They have cumulatively taken price hike between Rs 12- Rs 20 in different segments to mitigate the rising input cost. Cost per litre improved by 21.1% on a YoY basis and was flat sequentially. Gross margins contracted to 50.2% YoY..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Castrol India Q1 Review - Double Digit Volume Growth Sequentially: Dolat Capital

Castrol India Q1 Review - Double Digit Volume Growth Sequentially: Dolat Capital

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