Conference Call with Castrol India Management and Analysts on Q2CY26 Performance and Outlook. Listen to the full earnings transcript.
Oil Marketing & Distribution company Castrol India announced Q2CY26 results Standalone Financial Highlights: Revenue from Operations: The company reported revenue of Rs 1,871.47 crore in Q2CY26, representing a YoY growth of 25.03% compared to Rs 1,496.83 crore in Q2CY25. On a QoQ basis, revenue increased by 21.11% from Rs 1,545.24 crore in Q1CY26. Total Income: Total income for Q2CY26 stood at Rs 1,885.47 crore, recording a YoY growth of 25.19% from Rs 1,506.09 crore in Q2CY25 and a QoQ increase of 20.20% from Rs 1,568.58 crore in Q1CY26. EBITDA: The company achieved an EBITDA of Rs 494 crore in Q2CY26, reflecting a YoY growth of 41.14% compared to Rs 350 crore in Q2CY25. On a QoQ basis, EBITDA surged by 50.15% from Rs 329 crore in Q1CY26. Profit Before Tax: For Q2CY26, Profit Before Tax reached Rs 476.03 crore, an increase of 44.45% YoY from Rs 329.54 crore in Q2CY25 and a growth of 47.33% QoQ from Rs 323.11 crore in Q1CY26. Profit After Tax (PAT): The company reported a PAT of Rs 347.70 crore in Q2CY26, up 42.50% YoY from Rs 244.00 crore in Q2CY25 and up 43.57% QoQ from Rs 242.18 crore in Q1CY26. H1FY26 Performance: For the half-year ended June 30, 2026, revenue from operations reached Rs 3,416.71 crore, representing a 17.06% growth over Rs 2,918.83 crore in H1FY25. PAT for H1FY26 stood at Rs 589.88 crore, a 23.55% increase over Rs 477.46 crore in H1FY25. Dividend: The Board has declared an interim dividend of Rs 6.25 per equity share of the face value of Rs 5/- each for the financial year ending 31 December 2026. Earnings Per Share (EPS): Basic and Diluted EPS for Q2CY26 stood at Rs 3.51, compared to Rs 2.47 in Q2CY25 and Rs 2.45 in Q1CY26. Business Highlights: Market Reach and Distribution: Castrol maintained a national distribution footprint of approximately 160,000 outlets. The Auto Care portfolio was expanded to around 40,000 physical outlets. Service Ecosystem: The company strengthened its service network through 34,000+ independent bike workshops, 16,000+ multi-brand workshops, and more than 850 Castrol Auto Service (CAS) centers. Rural Expansion: Rural distribution was expanded to approximately 45,000 outlets, while the Rural Service Express network grew to over 950 centers, achieving sustained double-digit growth. Product Innovation: Launched new full synthetic products, including Castrol Activ Full Synthetic 10W-30 and 5W-30. The company also introduced Castrol GTX Full Synthetic 0W-20 and upgraded Castrol GTX 5W-30 to Full Synthetic 5W-30. Industrial Innovation: Introduced Alusol SL 61 XBB, a water-soluble coolant designed for high-performance machining of aluminum alloys, cast iron, and low-alloyed steel. Global Corporate Transaction: In December 2025, bp plc (Ultimate Holding Company) announced an agreement to sell a 65% shareholding in Castrol’s global lubricants business to Stonepeak at an enterprise value of approximately USD 10 billion. The transaction is expected to complete by the end of 2026, with bp plc retaining a 35% minority interest. Saugata Basuray, Managing Director, Castrol India, said: “We delivered another strong quarter by staying focused on disciplined execution in a dynamic operating environment. Our industrial, institutional and consumer businesses all performed well, delivering strong volume growth. Our power brands in the personal mobility space continued to grow ahead of the rest of the business, supporting a healthier portfolio mix and reflecting consumers’ increasing preference for high-performance lubricants. This also reinforces our strategy of sharpening our focus on urban clusters, where personal mobility remains a significant growth opportunity. In an extremely volatile environment, with continued challenges around raw material availability and pricing, we leveraged our global supply chain and diversified vendor base to ensure uninterrupted supply to our customers. This agility enabled us to respond effectively while continuing to deliver strong business performance.” “We remain cautious considering inflationary pressures and uneven monsoon conditions that could influence demand in the second half of the year. We will continue to respond with agility while investing behind our brands, expanding our distribution network, strengthening customer relationships.” Mrinalini Srinivasan, Chief Financial Officer & Whole-time Director, Castrol India, said: “As Castrol progresses through a period of transition, we remain confident in the resilience of our business and our ability to continue generating healthy cash flows. Reflecting this confidence, the Board has declared an interim dividend that accelerates a greater portion of cash returns to shareholders during this year of transition for the company. This approach brings forward shareholder returns while maintaining our disciplined capital allocation philosophy. We continue to expect our overall shareholder payout for the full year to remain broadly in line with our established practice.” Result PDF
Conference Call with Castrol India Management and Analysts on Q1CY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Oil Marketing & Distribution company Castrol India announced Q1CY26 results Q1CY26 Financial Highlights: Revenue from operations: Rs 1,545.24 crore, representing a YoY increase of 8.7% compared to Rs 1,422.00 crore and a QoQ increase of 7.3% compared to Rs 1,439.92 crore. Other income: Rs 23.34 crore, representing a YoY decrease of 27.6% compared to Rs 32.24 crore and a QoQ increase of 71.2% compared to Rs 13.63 crore. Total Income: Rs 1,568.58 crore, representing a YoY increase of 7.9% compared to Rs 1,454.24 crore and a QoQ increase of 7.9% compared to Rs 1,453.55 crore. Profit Before Tax: Rs 323.11 crore, representing a YoY increase of 3.3% compared to Rs 312.72 crore and a QoQ decrease of 2.7% compared to Rs 332.18 crore. Profit after tax: Rs 242.18 crore, representing a YoY increase of 3.7% compared to Rs 233.46 crore and a QoQ decrease of 1.0% compared to Rs 244.67 crore. Total Comprehensive Income: Rs 242.96 crore, representing a YoY increase of 4.1% compared to Rs 233.43 crore and a QoQ increase of 21.3% compared to Rs 200.26 crore. Earnings Per Share (EPS): Rs 2.45 per share, representing a YoY increase of 3.8% compared to Rs 2.36 and a QoQ decrease of 0.8% compared to Rs 2.47. Business Highlights: Market Presence: Castrol maintains a national distribution footprint of approximately 150,000 outlets across general trade, modern trade, and e-commerce platforms. Rural Expansion: Deeper penetration into rural India, specifically targeting village clusters with populations below 20,000, resulting in double-digit growth in the rural portfolio. Customer Growth: Added over 600 new customers during the quarter, with a focused push in the mining and EV segments, including a leading EV two-wheeler manufacturer. Digital Engagement: The digital mechanic network, FastScan, grew to 164,000 members, an increase of 30% year-on-year. Service Ecosystem: The network includes approximately 800 Castrol Auto Service (CAS) centres, 34,000 independent bike workshops, and 13,000 multi-brand workshops. Portfolio Innovation: Launched new industrial products (Magna 2, Spheerol EPL 00, Hyspin AWS 46 HX, and Techniclean 80 XBC) and Auto Care products (Castrol Ultra Protect Shampoo and Wax, Dash & Leather Dresser, and Glass Cleaner). Strategic MoU: Signed a Memorandum of Understanding with HPCL to explore the development of a re-refined base oil (RRBO) ecosystem in India. Corporate Update: bp plc announced a deal to sell a 65% shareholding in Castrol's global lubricants business to Stonepeak at an enterprise value of approximately USD 10 billion. bp will retain a 35% minority interest. Saugata Basuray, Executive Director and CEO (Interim), Castrol India, said: "The first quarter reflects strong momentum as we continue to execute our growth strategy. We expanded deeper into rural India, tapping village clusters with population below 20,000, with our rural portfolio growing at double digits. In urban markets, we sharpened our focus on premium brands, driving distribution and activations in high-density consumption areas and delivering double-digit volume and value growth. Our industrial business also sustained its double-digit growth. All of this has translated into continued market share gains and reinforces that our strategy is delivering." "While the underlying momentum in the business remains strong, the external environment is becoming increasingly volatile. We remain confident in our strategy and will continue to respond with agility and discipline, balancing near-term actions with a clear focus on long-term growth." Mrinalini Srinivasan, Chief Financial Officer and Wholetime Director, Castrol India, said: "Towards the end of the quarter, we saw early signs of external headwinds on currency and on raw material costs driven by geo-political events. We are proactively positioning the business to navigate a more volatile and inflationary environment through calibrated pricing, cost discipline and stronger supply resilience. As we respond, we will continue to expand distribution and invest on our premium brands, while staying agile and protecting the fundamentals of the business." Result PDF
Conference Call with Castrol India Management and Analysts on Q4CY25 Performance and Outlook. Listen to the full earnings transcript.