Financial Daily from THE HINDU group of publications
Friday, Apr 16, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 16, 2004 |
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Corporate
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Outlook Gulf Oil expects revenue to grow 10-12 pc Our Bureau
Bangalore , April 15 GULF Oil Corp Ltd expects its total revenue for financial year 2003-04 to rise 10-12 per cent to Rs 450-Rs.460 crore, the Vice-President (Operations), Mr R.B. Ananth, said. The company expects to grow its business at 6-8 per cent annually, which is in line with the industry growth, in Rs 60,000 crore lubricant market. Gulf Oil currently has 4 per cent share in the market. The company expects its top line to soar through new revenue drivers such as car-care products. Gulf Oil also launched its branded automobile maintenance and servicing offering through a network of auto workshops. Gulf Authorised Mechanic Services (GAMS) has been launched simultaneously in Bangalore and Delhi. The company plans to have 15-20 such branded franchises in Bangalore and close to 35 workshops in Delhi over a year. The prime focus of GAMS would be to provide an annual preventive maintenance service. The company also plans to offer a host of other tie-ups with various shopping malls, restaurants and clubs to benefit Gulf Car Care Club members.
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