Castrol India reported its Q2CY16 numbers, which were above our estimates. Revenues increased 5.1% YoY to | 970.8 crore in line with our estimate of | 966 crore. Volume growth of ~5.2% YoY to ~56.5 million litre mainly contributed to the growth seen in the topline YoY whereas net realisation remained flat YoY at ~| 171.5 per litre EBITDA increased 14.9% YoY to | 317.3 crore above our estimate of | 278.5 crore due to higher gross margins of ~| 97.9 per litre in Q2CY16 vs. | 89.4 per litre in Q2CY15 (our estimate: | 90.2 per litre)...