Castrol India MD says confident of good growth in FY20
  • WebDesk BTVI
  • Jul 30 2019

Omer Dormen, MD at Castrol India, said the company’s quarterly earnings shows that the firm’s strategy is working well. He says while fall in raw material prices was favourable, currency fluctuation impacted the company. He says cost efficiency and other strategies helped post steady Q1 earnings. On business outlook, he sees growth in personal mobility, especially in 2-wheelers segment. He says the firm aims to deliver on 2.5% growth in dividend/share this year.