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Castrol India Ltd.

BSE: 500870 Sector: Industrials
NSE: CASTROLIND ISIN Code: INE172A01027
BSE 00:00 | 30 Jun 103.20 0.70
(0.68%)
OPEN

102.55

HIGH

103.50

LOW

102.45

NSE 00:00 | 30 Jun 103.30 0.90
(0.88%)
OPEN

102.75

HIGH

103.65

LOW

102.40

OPEN 102.55
PREVIOUS CLOSE 102.50
VOLUME 29592
52-Week high 149.90
52-Week low 99.20
P/E 13.74
Mkt Cap.(Rs cr) 10,208
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 102.55
CLOSE 102.50
VOLUME 29592
52-Week high 149.90
52-Week low 99.20
P/E 13.74
Mkt Cap.(Rs cr) 10,208
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Castrol India Ltd. (CASTROLIND) - Chairman Speech

Company chairman speech

MESSAGE FROM THE MANAGING DIRECTOR

Dear Shareholders

The continued onslaught of COVID-19 made 2021 a uniquely challenging year. India washit hard by the second wave of the pandemic in March 2021 which also affected yourCompany's 2Q performance. Overall the year was marked by rising inputs costs and supplychain bottlenecks which put pressure on our margins.

Despite these challenges the Castrol India team demonstrated remarkable resilience anddelivered its highest-ever revenue till date of Rs. 4192 Crores in 2021 marking a growthof 40% over 2020. Further we delivered strong volumes in 2021 bringing back our marketshare to 2019 pre-pandemic levels.

What did your Company do differently in 2021 Yes We leveraged multiple growthopportunities through the expansion of independent workshops launch of premium brandedproducts and introduction of new formats such as the Castrol Auto Service centers andCastrol Express Oil Change outlets. We not only invested in our brands but we alsostrengthened our service & maintenance offerings to customers and scaled upadjacencies in the automotive aftermarket.

In 2021 we implemented the single biggest change to our B2C sales model in over twentyyears by introducing a new route- to-market approach. This was aimed at bringing in highersales force efficiency enhancing productivity and digitalizing our business processes tomake our operations more agile.

As industry leaders in the lubricants space Castrol India is continuously evolving tobe future-ready. In 2021 your Company was one of the first players in India to launch newproducts with BS-VI ready technology for both passenger cars and commercial vehicles. Tocater to the rapidly growing electric vehicle (EV) segment we are exploring options withtwo-wheeler EV manufacturers for developing EV fluids. At the same time we continue tosupply EV fluids to two leading passenger car OEMs in India. We are also supportingIndia's growing EV eco-system by collaborating with existing and new partners.

2021 saw your Company get external recognition for safety quality regulatorycompliance consistent delivery and performance. Castrol India was conferred with the'Ramp Up Agility' award by a leading OEM for enabling supply continuity for its ICE &Electric Car manufacturing operations. Further the Castrol plant at Paharpur was awardedby the Indian Chamber of Commerce with its prestigious National Occupational Health &Safety Awards for 2021.

Advancing our sustainability agenda in India we introduced targeted interventions inour operations packaging and distribution with a focus on saving waste reducingcarbon and improving people's lives. On the social front our engagement with truckdrivers and independent auto mechanics over the years including our recent efforts tobring COVID-19 awareness and community vaccination drives helped us forge an evenstronger bond with them. Your Company's efforts were acknowledged by the British BusinessGroup Delhi who awarded us with the 2021 'Excellence in CSR award' for our programmes:Castrol Eklavya and Castrol Sarathi Mitra.

All these achievements reflect the power and salience of the Castrol brand and therelentless hard work of the Castrol India team. We delivered these results while lookingafter our people enabling vaccination for our employees & contractors and ensuringthat everyone was safe and well during testing times. With vaccination rates going up inIndia and the economic environment moving towards normalcy we remain confident of thelong-term growth opportunities for Castrol India.

I sincerely thank all our employees shareholders distributors customers and widerstakeholders for their continued trust and support. We will continue to strengthen ourbusiness by exploring avenues for future growth and offering sustained value and returnsto our shareholders and the wider society.

Sandeep Sangwan

Managing Director

Castrol India Limited.

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