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03-May-2024

Castrol India

Overall capacity utilization was 80%


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Castrol India held a conference call on 02 May 2024 to discuss the results for the quarter ended March 2024 and way forward. Mr. Sandeep Sangwan, Managing Director and Mr. Deepesh Baxi, Chief Financial Officer and Whole time Director of the company addressed the call.

Highlights of the Concall

  • Volume growth was 6% at 58 million liter during the the quarter despite slower consumer demand witnessed in the beginning of the quarter.

  • The company welcomed Shah Rukh Khan as brand ambassador focussing on brand building.

  • The #BadhteRahoAage campaign and Castrol CRB TURBOMAX Pragati Ki Paathshaala empowered over 12,000 truckers in 31 cities nationwide.

  • Castrol POWER1’s 'India’s Ultimate MotoStar’ garnered over 10,000 registrations nationally, especially from tier II and III cities. Winners from the shortlisted top 18 aspiring contenders to undergo training at the LCR Honda Castrol MotoGP™ Team’s facility in Europe.

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