Castrol India's Managing Director Sandeep Sangwan attributed the good set of numbers to the focused investments, interventions and actions taken in the second half of 2020
Sales were led by growth across segments on account of revival in pent-up demand and a robust supply/distribution network
French auto major Renault on Wednesday announced a partnership with Castrol India for supply of exclusive aftersales engine oil lubricants in India. The partnership with Castrol India, leading automotive and industrial lubricant firm, will start from January 1, 2020, the company said in a statement. This announcement is an extension of a global strategic partnership between Groupe Renault and Castrol, it added. The two partners will also combine their expertise to deliver a jointly branded product range and premium experience to Renault customers, the company said. Commenting on the partnership, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "I am confident that Renault and Castrol's strong and growing partnership will enable us to combine the excellent skills and knowledge across both organisations to explore new opportunities in India's rapidly evolving market." Sandeep Sangwan, who will take over as Castrol India Managing Director with ...
Most of the growth is coming from India, China, and all the developing countries, says Omer Dormen
The stock dipped 7% to Rs 181 after the company reported single digit 2% growth in net profit at Rs 1.82 billion in Q4FY18, due to sharp rise in input costs
Input cost pressure and lower volumes impact June quarter performance
Improving volume growth, superior returns ratio and brand positioning key positives
The former now holds a 51% stake in the Indian subsidiary
The stock rallied 9% to Rs 459 on the NSE in early morning trade after a more than 1% stake changed hands on the counter in multiple block deals on the NSE and BSE.
The deal size amounts to 8.53% stake in the company
About 58.15 million equity shares representing 11.8% of total equity of Castrol India changed hands on the BSE
The stock rallied 6% to Rs 412 after the company reported a better than expected growth in net profit during Q1FY16.
The stock dipped 6% to Rs 383 after the company posted 7% yoy growth in net profit at Rs 141 crore for the quarter ended December 31, 2015.