Castrol India Ltd (CIL) reported in-line revenue growth of 7.6% YoY in Q3CY18, which was both volume and price led. However, the company disappointed on the profit front with 10.3% & 5.8% YoY de-growth in its EBITDA and PAT respectively. Impacted by higher input cost and INR depreciation (vs USD), the EBITDA margins contracted sharply by 491bps YoY to 24.5%.