Castrol India Share Price

Castrol India is relying on price hikes and rural expansion to offset rising costs, while sustaining growth through steady demand and market share gains across segments

• Business Standard
• 3 weeks 2 days ago

Conference Call with Castrol India Management and Analysts on Q1CY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 3 weeks 2 days ago

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

• Trendlyne
• 3 weeks 3 days ago