The Castrol India Q1 earnings failed to impress. Lower volume growth led to weak topline growth and the rise in input costs impacted margins.

Omer Dormen, MD of the company, said that in the last nine quarters apart from Q2 of 2017, the company grew because of the goods and services tax (GST) transition.

“In the quarter we have seen 3 percent input cost increase and we were able to recover that and still deliver growth in terms of volume as well as the bottomline. We also expect that the growth will continue to pick up in the rest of the year,” he said.

Talking about price rise, he said, “We took a price increase in the range of 2-4 percent depending on product category and depending on the channel.”