💨 Abstract

Castrol India, a 51% BP-owned engine oil company, reported a 12% increase in Q4 profit, due to steady product demand and higher sales of lubricants for two-wheelers and commercial vehicles. The company aims to expand in India's competitive lubricants market, capitalizing on surging SUV sales, and plans to launch both premium and affordable products. However, the company's shares closed marginally lower on Monday.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖