CASTROLIND - Castrol India
📢 Recent Corporate Announcements
Castrol India Limited has informed the stock exchanges that the audio recording of its post-earnings call for the first quarter of FY 2026 is now available. The call, held on April 29, 2026, discussed the company's unaudited financial results for the quarter ended March 31, 2026. This disclosure is part of the company's regulatory compliance under SEBI (LODR) Regulations, 2015. Investors can access the recording via the company's official website to hear management's detailed commentary on performance.
- Recording of the 1Q FY 2026 earnings call is now live on the company's investor relations page.
- The call was conducted on April 29, 2026, between 12:30 p.m. and 1:15 p.m. IST.
- The discussion focused on the unaudited financial results for the quarter ended March 31, 2026.
- Compliance filing made under Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Castrol India reported a steady performance for the quarter ended March 31, 2026, with revenue growing 9% YoY to ₹1,545 crore. While EBITDA rose 7% to ₹329 crore, Profit After Tax (PAT) saw a more modest growth of 4% to ₹242 crore, primarily due to rising raw material costs and currency volatility. The company successfully expanded its rural reach to 43,000 outlets and added over 600 new industrial customers during the period. Management noted that while market share gains continue, geopolitical events are starting to create inflationary pressure on input costs.
- Revenue from operations increased 9% YoY to ₹1,545.24 crore compared to ₹1,422.00 crore in Q1 2025.
- EBITDA grew 7% YoY to ₹329 crore, while Net Profit (PAT) rose 4% to ₹242.18 crore.
- Cost of raw and packing materials consumed rose to ₹766.28 crore from ₹705.92 crore in the year-ago quarter.
- Rural distribution network expanded to approximately 43,000 outlets, delivering double-digit growth in that segment.
- The company added 600+ new customers in industrial and EV segments and signed an MoU with HPCL for a re-refined base oil ecosystem.
Castrol India Limited has announced the retirement of Mr. Rajeev Govil, Vice President of B2B Sales, effective from the close of business on April 30, 2026. As a result, he will cease to be a member of the Senior Management Personnel. The company has identified a senior team member to handle his responsibilities intermittently while the search for a permanent successor is underway. This transition is part of routine retirement and the company will update the exchanges once a successor is appointed.
- Mr. Rajeev Govil to retire from the position of Vice President, B2B Sales on April 30, 2026
- Cessation of Senior Management Personnel status effective from the same date
- Interim responsibilities to be managed by an identified internal senior team member
- Company is currently in the process of filling the resulting vacancy for the B2B Sales head
- Disclosure made in compliance with Regulation 30 of SEBI Listing Regulations
Castrol India Limited has announced its post-earnings conference call for the first quarter ended March 31, 2026. The call is scheduled for Wednesday, April 29, 2026, at 12:30 p.m. IST, following the Board of Directors meeting on April 28 to approve the financial results. The session will feature management discussions led by Interim CEO Saugata Basuray and CFO Mrinalini Srinivasan, followed by a Q&A session. This event is a standard procedure for the company to communicate its quarterly performance and strategic outlook to the investor community.
- Board meeting to adopt Q1 2026 unaudited financial results is scheduled for April 28, 2026.
- Post-earnings conference call set for April 29, 2026, from 12:30 p.m. to 1:15 p.m. IST.
- Management representation includes Interim CEO Saugata Basuray and CFO Mrinalini Srinivasan.
- The call will include a brief management discussion followed by an interactive question and answer session.
Castrol India has announced a strategic shift by upgrading its mass-market flagship brands, Castrol Activ and Castrol GTX, to full synthetic formulations. This move targets the evolving mobility market with new viscosities like 10W-30 for two-wheelers and 0W-20 for cars, aiming to disrupt the segment by bringing premium technology to the mass market. The products will be distributed through the company's extensive network of over 150,000 retail outlets and major e-commerce platforms. This premiumization strategy is designed to meet the demands of modern engines and E20 fuel compatibility.
- Castrol Activ 2W range upgraded to full synthetic for 10W-30 and 5W-30 viscosities.
- Castrol GTX 4W range transitioned to full synthetic for 5W-30 and 0W-20 viscosities.
- New Castrol Activ range delivers 20% improved protection across engine, clutch, and gearbox.
- Distribution reach covers over 150,000 retail outlets nationwide plus Amazon and Flipkart.
- Strategic focus on low-viscosity segments and compatibility with evolving fuel needs like E20.
Castrol India concluded its 48th Annual General Meeting where shareholders approved a final dividend of ₹5.25 per share for the financial year ended December 31, 2025. This brings the total dividend for the year to ₹8.75 per share, including the previously paid interim dividend of ₹3.50. The management addressed concerns regarding the BP-Stonepeak deal, confirming it will not change the company's operational strategy or governance. Despite volatility in base oil prices due to global tensions, the company remains optimistic about long-term demand in the mobility and infrastructure sectors.
- Approved final dividend of ₹5.25 per equity share for the financial year ended 31 December 2025.
- Total dividend for FY2025 reaches ₹8.75 per share, including the ₹3.50 interim dividend.
- Management clarified that the BP-Stonepeak deal will not impact Castrol India's operations or governance.
- Company reported increased revenue and profit after tax for the financial year 2025.
- Chairman highlighted agility in managing input cost pressures from volatile base oil prices.
Castrol India successfully concluded its 48th Annual General Meeting, confirming a final dividend of ₹5.25 per share for the financial year ended December 31, 2025. This brings the total dividend for the year to ₹8.75 per share, including the ₹3.50 interim dividend already paid. Management highlighted that despite global supply chain volatility and rising base oil prices due to Middle East tensions, demand fundamentals for lubricants remain strong. The company also clarified that the BP-Stonepeak deal will not impact its domestic operations or governance structure.
- Shareholders approved a final dividend of ₹5.25 per equity share for the financial year 2025.
- Total dividend payout for the year reached ₹8.75 per share, including a ₹3.50 interim dividend.
- Management noted input cost pressures from base oil price movements but remains optimistic on industrial growth.
- Affirmed that the BP-Stonepeak deal does not change Castrol India's operational strategy or commitment.
- Re-appointed Mr. Kartikeya Dube as a Director and ratified cost auditor remuneration for 2026.
Castrol India has released its Annual Report for FY2025, reporting a steady financial performance with revenue of ₹5,722 crore and a Profit After Tax of ₹950 crore. The company maintains a robust dividend payout of ₹8.75 per share, supported by an EBITDA of ₹1,348 crore. A major strategic update reveals that parent company bp has agreed to induct Stonepeak as a majority shareholder in its global lubricants business, a transaction expected to conclude by late 2026. The company continues to expand its footprint, now reaching over 150,000 outlets across India.
- Revenue from operations stood at ₹5,722 crore with an EBITDA of ₹1,348 crore for the financial year ended December 31, 2025.
- Declared a total dividend of ₹8.75 per share against an Earnings Per Share (EPS) of ₹9.60.
- Maintains a massive distribution network of 150,000+ outlets and 32,000+ multi-brand bike workshops.
- Parent company bp to transition majority stake in global lubricants to Stonepeak by end of 2026, though local operations remain business-as-usual.
- Establishing a state-of-the-art Technical Centre at Patalganga to enhance R&D and product development capabilities.
Castrol India Limited has announced its participation in the 'Chasing Growth 2026' conference organized by Kotak Institutional Equities. The event is scheduled for February 24, 2026, starting at 3:00 p.m. IST at the Grand Hyatt in Mumbai. Management will engage in one-to-one and group interactions with various analysts and institutional investors. The company has clarified that no unpublished price sensitive information will be shared during these sessions.
- Event: Chasing Growth 2026 – Kotak Institutional Equities Conference
- Date and Time: Tuesday, February 24, 2026, from 3:00 p.m. IST onwards
- Location: In-person meeting at Grand Hyatt, Kalina, Mumbai
- Interaction Type: One-to-one and group meetings with analysts and investors
- Compliance: Disclosure made under Regulation 30 of SEBI Listing Regulations
Castrol India reported a 7% YoY revenue growth to ₹5,722 crores for FY2025, driven by a consistent 8% increase in volumes. The company achieved its eighth consecutive quarter of volume-led growth, with 4Q revenue reaching a 20-year high of ₹1,440 crores. While 4Q PAT of ₹245 crores was slightly impacted by one-time labor code adjustments, full-year PAT grew to ₹950 crores. A final dividend of ₹5.25 per share was recommended, bringing the total annual payout to ₹8.75 per share.
- Annual revenue grew 7% to ₹5,722 crores with EBITDA rising 5% to ₹1,348 crores
- Achieved 8% volume growth for the full year, supported by rural and industrial segments
- Distribution reach expanded to 150,000+ outlets and 750+ auto service points
- Total dividend of ₹8.75 per share declared for FY2025, including a final dividend of ₹5.25
- 4Q revenue of ₹1,440 crores is the highest quarterly revenue in nearly 20 years
Castrol India Limited has officially released the audio recording of its post-earnings conference call held on February 4, 2026. The call focused on the audited financial results for the quarter and full year ended December 31, 2025. This filing is part of the company's regulatory compliance under SEBI LODR Regulations. Shareholders can access the full discussion on the company's investor relations portal to gain insights into management's strategic direction and operational performance.
- Post-earnings call recording for 4Q FY 2025 is now accessible via the company's website.
- The call covered audited financial performance for the quarter and year ended December 31, 2025.
- The interaction took place on February 4, 2026, between 12:00 p.m. and 1:00 p.m. IST.
- Compliance filing made under Regulation 30 and 46 of SEBI (LODR) Regulations, 2015.
Castrol India has recommended a final dividend of ₹5.25 per equity share for the financial year ended December 31, 2025. The Board has fixed March 23, 2026, as the record date to determine shareholder eligibility for this payout. This recommendation is subject to shareholder approval at the 48th Annual General Meeting scheduled for March 30, 2026. If approved, the dividend will be paid to eligible members on or before April 27, 2026.
- Recommended a final dividend of ₹5.25 per equity share of face value ₹5 each
- Record date for dividend entitlement is fixed as Monday, March 23, 2026
- Dividend payment date scheduled on or before Monday, April 27, 2026
- 48th Annual General Meeting (AGM) to be held on Monday, March 30, 2026
- Board approved audited financial results for the full year ended December 31, 2025
Castrol India's Board has recommended a final dividend of ₹5.25 per equity share for the financial year ended December 31, 2025. The record date to determine shareholder eligibility for this payout has been fixed as March 23, 2026. This recommendation is subject to approval by shareholders at the 48th Annual General Meeting scheduled for March 30, 2026. If approved, the dividend will be paid to eligible members on or before April 27, 2026.
- Recommended a final dividend of ₹5.25 per equity share of face value ₹5 each.
- Fixed Monday, March 23, 2026, as the record date for dividend entitlement.
- Dividend payment to be completed on or before April 27, 2026, post-AGM approval.
- The 48th Annual General Meeting is scheduled to be held on March 30, 2026.
- Approved audited financial results for the quarter and year ended December 31, 2025.
Castrol India's Board of Directors has recommended a final dividend of ₹5.25 per equity share for the financial year ended December 31, 2025. The company has fixed March 23, 2026, as the record date to determine shareholder eligibility for this payout. Subject to shareholder approval at the Annual General Meeting on March 30, 2026, the dividend will be paid by April 27, 2026. This announcement follows the approval of the company's audited financial results for the full year 2025.
- Recommended a final dividend of ₹5.25 per equity share with a face value of ₹5.
- Record date for determining dividend entitlement is fixed as March 23, 2026.
- The 48th Annual General Meeting (AGM) is scheduled for March 30, 2026.
- Dividend payment is expected to be completed on or before April 27, 2026.
Castrol India Limited has scheduled its post-earnings conference call for February 4, 2026, to discuss financial results for the quarter and full year ended December 31, 2025. This follows the Board of Directors meeting on February 3, 2026, where the financial results will be formally adopted. The call will feature Interim CEO Saugata Basuray and CFO Mrinalini Srinivasan discussing operational performance and strategic initiatives. Investors can participate via the provided primary dial-in numbers or the DiamondPass registration link.
- Board meeting to approve Q4 and Full Year 2025 results scheduled for February 3, 2026
- Earnings conference call set for February 4, 2026, from 12:00 p.m. to 1:00 p.m. IST
- Management team includes Interim CEO Saugata Basuray and CFO Mrinalini Srinivasan
- Call will cover financial performance for the period ending December 31, 2025, and strategic initiatives
- Primary dial-in numbers for the call are +91 22 6280 1164 and +91 22 7115 8065
Financial Performance
Revenue Growth by Segment
Revenue grew 6% in FY2024 to ₹5,365 Cr. In 3Q 2025, Personal Mobility grew >6%, Commercial Vehicle Oil (CVO) grew 8%, and the Industrial segment grew in double digits.
Geographic Revenue Split
Not disclosed in percentage terms, but the company is aggressively targeting rural penetration and industrial hubs across India.
Profitability Margins
Gross Profit increased by 8% in FY2024. Operating Profit Margin remained stable at 22% and Net Profit Margin at 17% for FY2024.
EBITDA Margin
EBITDA margin was 24% in FY2024. In 3Q 2025, EBITDA rose 13% YoY to ₹323 Cr, representing a margin of approximately 23.7%.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company reported investing in brand building, people, and business growth opportunities, contributing to a ₹128 Cr increase in operating expenses.
Credit Rating & Borrowing
Not applicable as the company has zero borrowings. Finance costs of ₹99.77 Cr in FY2024 relate primarily to Ind AS 116 lease liabilities.
Operational Drivers
Raw Materials
Base oil (primary raw material) and packing materials. Material costs increased by 4% in FY2024 due to higher volumes and adverse forex.
Import Sources
Sourced from global markets through the Castrol global supply network to leverage scale.
Key Suppliers
Multiple global suppliers; specific company names are not disclosed, but procurement is managed via global Castrol deals.
Raw Material Costs
Raw material costs represent the bulk of expenses; costs rose 4% in FY2024. The company uses global procurement deals to secure discounts on base oil.
Manufacturing Efficiency
Inventory turnover ratio improved by 4% from 4.94 to 5.16 times in FY2024, indicating better stock movement.
Strategic Growth
Expected Growth Rate
7-8%
Growth Strategy
Growth is driven by the 'Onward, Upward, Forward' strategy focusing on double-digit growth in the industrial segment, expanding rural penetration, and strategic price interventions to protect margins.
Products & Services
Lubricants for personal mobility (cars/bikes), commercial vehicle oils (CVO), industrial lubricants, Diesel Exhaust Fuel (DEF), and spare parts.
Brand Portfolio
Castrol (including sub-brands for personal and commercial mobility).
New Products/Services
Expansion in the industrial lubricant segment and Diesel Exhaust Fuel (DEF), though DEF is treated as a low-margin commodity.
Market Expansion
Targeting rural India and the premium industrial lubricant segment to diversify beyond automotive.
Market Share & Ranking
The company claims to be growing faster than the industry average, with 8% YTD volume growth in 2025.
Strategic Alliances
Parentage by BP provides global procurement scale and technical expertise.
External Factors
Industry Trends
The lubricant industry is mature but seeing a shift toward premiumization and industrial applications; Castrol is growing volumes at 7-8% YoY.
Competitive Landscape
Operates at premium EBITDA margins (21-24%) compared to the broader lubricant industry.
Competitive Moat
Brand equity, a robust distribution network, global procurement scale for base oil, and high employee retention (10+ years average tenure) provide a sustainable competitive advantage.
Macro Economic Sensitivity
Sensitive to economic slowdowns which reduce vehicle miles traveled and industrial production.
Consumer Behavior
Shift toward premium lubricants and increasing demand in rural markets.
Geopolitical Risks
Global supply chain disruptions can impact the availability and pricing of imported base oil.
Regulatory & Governance
Industry Regulations
Complies with Ind AS 116 for lease reporting and Ind AS 108 for segment reporting (single segment: Lubricants).
Taxation Policy Impact
Effective tax rate of approximately 26.3% (₹330.38 Cr tax on ₹1,257.61 Cr PBT in FY2024).
Risk Analysis
Key Uncertainties
Technological shifts such as the transition to Electric Vehicles (EVs) and extreme volatility in global base oil prices.
Geographic Concentration Risk
Revenue is primarily concentrated in the Indian domestic market.
Third Party Dependencies
High dependency on global third-party suppliers for base oil procurement.
Technology Obsolescence Risk
Risk of declining demand for traditional lubricants due to advancements in engine technology and EVs.
Credit & Counterparty Risk
Debtors' turnover ratio of 12.47 times indicates efficient collection of receivables.