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Q2 Results: Castrol India Sticks To Full-Year Volume Growth Forecast

Castrol India volumes declined 2.8 percent to 55.4 million litres in the June quarter due to demand slowdown, says MD Omer Dormen.

Divya Grover
Castrol India’s net profit rose 11.3 percent year-on-year to Rs 183 crore in the June quarter on the back of revenue that rose 2.2 percent year-on-year to Rs 1,040 crore. (Photographer: Carla Gottgens/Bloomberg)

Castrol India Ltd. expects the second half of calendar year to boost volumes, helping the company maintain its 2019 volume growth guidance between 2 percent and 4 percent, its Managing Director Omer Dormen said.

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