Castrol India, the largest private sector player in the domestic lubricants market, reported net profit of ₹196.7 crore in the October-December 2017, up 30 per cent than the ₹151.3-crore it reported in the year-ago period.
Omer Dormen, MD, attributed the performance to strong volume growth.
“The company continues its focus on personal mobility and power brands, combined with aggressive distribution expansion and customer acquisition, underpinned by consistent investment in brand, technology and customer service and advocacy.
“One of our key objectives was to provide premium customer experience at every touch point.”
The board of directors recommended a final dividend of ₹2.5 a share, bringing the total dividend paid in the year to ₹7 a share.
(The company follows a January-December reporting period.)
The company is a subsidiary of BP in India.