Deepesh Baxi

“I think our performance has been quite resilient given the challenges that we have faced in the marketplace especially around the Forex and inflationary pressures and these all came from the volatile crude prices rising cost of additives base oil.”

— From Castrol India Sees 8% YoY Jump In Revenues In Q4CY22: Deepesh Baxi Exclusive | CNBC-TV18, CNBC-TV18 (February 13, 2023)

“Forex we import about 60 to 70 percent of the raw materials and therefore when you import that you know Forex is what comes into Factor we have an in-house hedging policy so we do that and we try to mitigate that.”

— From Castrol India Sees 8% YoY Jump In Revenues In Q4CY22: Deepesh Baxi Exclusive | CNBC-TV18, CNBC-TV18 (February 13, 2023)

“I think 25 is something that does look a stretch given the Outlook of the next three to six months. I think Forex could be anybody's guess where this will end up with. Having said that, you know we always look at the pricing in the market from strategic angle and we took one in September which was very forward looking....”

— From Castrol India's Deepesh Baxi Speaks On The Firm's Q3CY22 Results | Bazaar Open Exchange | CNBC-TV18, CNBC-TV18 (October 25, 2022)

“Our market share is in the entire private sector we've got plus 20 market share which is the highest we are the number one in that and in fact if you see personal Mobility which is cars and bikes portfolio there we run a market share for more than 30 percent. The price volume equation is always a trade-off but having s...”

— From Castrol India's Deepesh Baxi Speaks On The Firm's Q3CY22 Results | Bazaar Open Exchange | CNBC-TV18, CNBC-TV18 (October 25, 2022)

“you're right there has been a sharp increase in the input costs and uh also there has been some softness in the in the demand uh but we've tackled that through strategic pricing interventions and also introduction of various new products in this quarter um going forward the crude is expected to give some headwinds howe...”

— From Will Castrol Growth Recover? | Deepesh Baxi, CFO And Wholetime Director, Castrol India, ET Now (February 07, 2022)

“prices of cogs which we say is the crude and base oil and is gone up by almost 60% and we've covered almost uh the entire price increases when we took the price increase in June as well”

— From Will Castrol Growth Recover? | Deepesh Baxi, CFO And Wholetime Director, Castrol India, ET Now (February 07, 2022)