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Jun 04, 2024
Gulf Oil Lubricants: Gulf Oil CFO sees EVs as a complementary opportunity, says open to investments in the space, ETCFO
Manish Gangwal aims for over 10% FY24 revenue growth and 14% margins in the next 2 years.
Manish Gangwal’Q: Do you foresee this momentum sustaining for you in the next couple of quarters?Q: Do you think you will have to go for another round of price rise to protect margins? Q: How do you see volume boosting Gulf Oil's growth metrics? What are the triggers that can push up demand?Q: Isn't that over-optimism considering you operate in a cyclical business where external variations could outweigh gains?Q: Which are the areas where demand didn't pick up in Q1 and is now likely to pick up in Q2?Q: What's the margin’s outlook for the fiscal? Do you see any drop in margins?Q: Revenue during Q1 crossed Rs 800 crore. Any forecast for the rest of the fiscal year?Q: What's your current cash position? And how are they being used? Q: Growing two different structures in a parallel manner is going to be your strategy. And won’t EV foray cannibalise into your lubricants business?Q: What is the company’s cash position outlook for FY24? Does it look like it may face depletion or remain the same?Q: Since you have had high payouts, how do the trends and outlook appear for the fiscal?Q: Aren’t there better treasury options other than just rewarding your shareholders?Q: What percentage of revenue is invested in advertising and promotion?