Oil Marketing & Distribution company Gulf Oil Lubricants India announced H1FY25 & Q2FY25 results Q2 Revenues at Rs 849.33 crore, up 5.86 % YoY. Q2 EBITDA at Rs 107.15 crore, up 6.64 % YoY. Q2 PAT at Rs 84.44 crore, up 14.68 % YoY. H1 Revenues at Rs 1,734.40 crore, up 7.46 % YoY. H1 EBITDA at Rs 223.40 crore, up 15.59 % YoY. H1 PAT at Rs 172.46 crore, up 21.52 % YoY Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India, said: “Despite the operational impact of heavy rains in the beginning of Q2, overall demand for us remained healthy, driving up our Q2 lubricant volume growth by 9%. This reinforces our unwavering commitment and reliable performance, even amid challenging conditions, positioning us well for continued 2-3x market growth. The quarter concluded on a high note with the launch of our most ambitious brand campaign ever yet, “The Unstoppables”. Centered on the theme "Har Kadam Berok", this cinematic ad campaign stars Gulf's three brand ambassadors, MS Dhoni, Hardik Pandya, and Smriti Mandhana exemplifying our brand's values and capabilities on a grand scale across multiple media and marketing platforms. Further, we uphold a positive demand outlook, confident in the medium- to long-term potential of India's lubricants sector. Our growth momentum is sustained through strategic & impactful brand investments, enhanced product capabilities, and industry-leading initiatives driving up profitable growth across our focus segments.” Manish Gangwal, CFO, Gulf Oil Lubricants India, said: “We had a good quarter in spite of the volatile market conditions with Q2 and H1 PAT growth at healthy 15% and 22% respectively on a year-on-year basis. We focused on sustaining our margins, achieving an improvement in gross margin, resulting in an EBITDA of 12.62% of revenue while investing in brand, digital, and human resources to enhance the long-term endurance of the organization. Our robust cash flow generation in H1 reflects our continued focus on working capital management and operational efficiencies. While monitoring the geopolitical landscape, we remain committed to refining our product mix, controlling costs, and enhancing profitability on a continuous basis to maximize shareholder value. Our mobility investments and initiatives are showing very good progress and early signs are quite encouraging to visualize this segment as a key contributor to the company's growth in the medium to longterm” Result PDF
Oil Marketing & Distribution company Gulf Oil Lubricants India announced Q1FY25 results: Q1 Revenues at Rs 885.07 crore, Up 9.04 % YoY Q1 EBITDA at Rs 116.24 crore, Up 25.28 % YoY Q1 PAT at Rs 88.02 crore, Up 28.88 % YoY Commenting on the performance, Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India, said, “Our lubricants volume grew 2x the industry rate and it was evident across major segments, with the B2C and Industrial segment both doing well. This highlights our relentless efforts and reliable performance, setting industry benchmarks.We continue leveraging our strong brand association with CSK attracting enhanced brand visibility during IPL seasons. This season we launched a major campaign with CSK where innovatively CSK fans made ads instead of players and it garnered great response across India. By leveraging our association with our brand ambassadors Mahendra Singh Dhoni, Hardik Pandya and Smriti Mandhana, we increased our brand-building efforts through impactful campaigns across segments enhancing brand consideration and adopting a customer-centric approach. Looking ahead, we aim to drive industry leading volume and revenue growth, generating more resources to invest in our brand and focus on premiumization.We remain confident in the medium to long-term potential of the Indian lubricants sector.With our strong brand, execution capabilities, extensive distribution network and strong relations with our OEM partners and B2B customers, we are well-positioned to capitalize on industry opportunities.For the next level of growth & success, we have embarked on theme “UNLOCK 2.0- Accelerate. Premiumize. Transform”. We foster a caring, agile, and empowering work environment that celebrates gender diversity, driving innovation, promoting equality, and enhancing organizational performance by leveraging a diverse and inclusive talent pool. We are also committed on capitalizing on opportunities in the EV value chain with our strategic investments in e-mobility space to transform and achieve significant growth in the next 4-5 years.” Manish Gangwal, CFO, Gulf Oil Lubricants India Ltd commented “Our first-quarter performance reflects our continued actions towards sustainable and profitable growth. We delivered industry leading top-line and bottom-line growth with revenues higher by over 9% year-on-year in Q1 and PAT up 29% YoY. Emphasizing premium products across segments and effective input cost management, we achieved improvement in gross margins resulting in 25% growth in EBITDA at 13.13%.of revenue. Going forward, in-spite of global uncertainties, we remain focussed on margin management through prudent cost controls and improved product/segment mix, enhancing profitability and maximizing shareholder returns. We continue to explore opportunities in EV space, which can be synergistic to our brand, distribution strengths catering to evolving needs of our existing and new customers/consumers “ Result PDF