Analyst Meet / AGM 06-Nov-18
Conference Call
Castrol India
Confident of 5-7% volume growth
Castrol India conducted conference call to discuss the financial results and performance of the company for the quarter ended September 2018. Managing Director Omer Dormen and Director Finance & Chief Financial Officer Miss Rashmi Joshi addressed the call
Highlights of the Concall
Sales volumes grew 4.3% YoY to 51 million litres. Nearly 90% of the volume growth during the quarter was due to new products launched during the last four quarters. Looking ahead, the company targets to grow volumes by 4-5% over the long term
Segmental volumes remained constant with PCMO (passenger car motor oils) segment at 41% volume share, CVO (commercial vehicle operation) segment at 46% volume share and Industrial segment at 13% volume share. The PCMO segment is having a buoyant market ahead due to growing personal automobile segment and the CVO segment is expected to register high single-digit volume growth
Revenue was up 8% YoY in Q3CY19 compared to Q3CY18 led by volume growth (up 3.2% YoY) driven by new products launched and realization growth of around 4.3% YoY. For 9MCY18, revenue grew 10% YoY led by 6% volume growth (higher than industry volume growth of 2-4%) and 4% YoY realization growth.
The company has taken three price hikes in the past nine months till Sept '18, an overall 3.5% price hike across segments and 5% hike in the B2B segment alone.
Castrol India has increased its presence to 150,000 retail outlets from 105,000 in CY17. The company feels there is great opportunity to penetrate rural areas
Castrol India has spent Rs 3.5 crore in advertisements, promotional activities and customer attraction.
The company has incurred a capex of Rs 50 crore for 9MCY 18 and has maintained its annual capex guidance of Rs 100 crore
The company will continue to focus on driving volumes through product launches. 90% of the volume growth in 2018 came from new products launched in the last 12 months.
The company is confident of recording 5-7% volume growth in years to come as against 2-4% industry growth
Previous News
Castrol India standalone net profit rises 6.79% in the March 2024 quarter
( Results - Announcements 30-Apr-24 17:25 )
Castrol India
( Analyst Meet / AGM - Conference Call 02-Feb-24 22:49 )
Castrol India
( Analyst Meet / AGM - Conference Call 04-Nov-21 06:56 )
Castrol India fixes record date for interim dividend
( Market Beat - Reports 12-Jul-22 17:17 )
Castrol India to declare Quarterly Result
( Corporate News - 04-Oct-21 10:03 )
Castrol India fixes record date for interim dividend
( Market Beat - Reports 02-Aug-21 20:23 )
Castrol India
( Results - Analysis 01-Feb-20 11:29 )
Castrol India to hold board meeting
( Corporate News - 02-Apr-24 09:40 )
Castrol India teams up with Mumbai Indians as 'Official Performance Partner'
( Corporate News - 21-Mar-24 09:20 )
Castrol India fixes record date for 2nd interim dividend
( Market Beat - Reports 17-Jun-20 11:13 )
Indraprastha Gas Ltd Slips 3.08%
( Hot Pursuit - 01-Jul-19 09:45 )
Other Stories
Frontier Springs
01-Jun-24 05:09
Cummins India
01-Jun-24 03:10
WPIL
01-Jun-24 01:55
Gateway Distripark
01-Jun-24 00:27
Muthoot Finance
31-May-24 14:56
ISGEC Heavy Engineering
31-May-24 09:49
Goodluck India
30-May-24 09:24
Salzer Electronics
30-May-24 00:21
Shalby
29-May-24 17:48
ICRA
29-May-24 17:08
Back
Top