Castrol India dominates the private side of the fragmented lubricant market, with around 11-12 per cent market share
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Market leader The Indian lubricant market is split nearly half between OMCs and private players. Castrol India dominates the private side of this fragmented market, with around 11-12 per cent share. The company enjoys a 20.5 per cent (CY20) share of the automotive and industrial lubricant market segments and 51 per cent share is with British Petroleum (BP) group. Pre-pandemic, the company has been witnessing average sales volume of 204 -210 million litres, which has grown at a CAGR of 1…
