Castrol India Reports 6.5% Growth in March Quarter Profit

Castrol India's net profit rose by 6.5% in the January-March quarter, reaching Rs 216 crore.

  • Castrol India’s net profit rose by 6.5% in the January-March quarter, reaching Rs 216 crore.
  • Revenue grew by 2% to Rs 1,325 crore, backed by successful product launches and strategic initiatives.
  • Managing Director Sandeep Sangwan attributes growth to effective strategies and brand resilience.

Castrol India, a leading engine oil manufacturer, witnessed a 6.5% increase in net profit for the January-March quarter, reaching Rs 216 crore compared to Rs 203 crore in the previous year. Despite initial softness in consumer demand, the company reported a 2% revenue growth, with revenue from operations inching up to Rs 1,325 crore. Managing Director Sandeep Sangwan credited this growth to the company’s strategic approach and the resilience of the Castrol brand. He highlighted the successful launch of innovative products, which expanded the company’s market share across segments.

Sangwan emphasized the impact of ongoing initiatives like #BadhteRahoAage and Castrol CRB TURBOMAX Pragati Ki Paathshaala, aimed at brand building and innovation. According to Deepesh Baxi, Chief Financial Officer, Castrol India is focused on strengthening its presence in rural markets and delivering sustainable growth through innovative product offerings. With a commitment to brand building and innovation, Castrol India aims to drive further momentum and lasting value in the market.