Castrol India Limited filed a corrigendum to its investor presentation for the first quarter of FY26 on May 29, 2026. The updated presentation, which will be used at the 360 ONE Capital (B&K) 16th Annual Investor Conference, confirms the company's financial performance for the period ended March 31, 2026. The filing follows an initial communication dated May 28, 2026, and is available on the company's website.

Financial Performance

The company reported revenue from operations of ₹1545 crore for the first quarter of FY26, an increase from ₹1422 crore in the same period last year. Profit after tax (PAT) for the quarter stood at ₹242 crore, compared to ₹233 crore in Q1 FY25. EBITDA for the period was recorded at ₹329 crore, excluding other income.

*EBITDA is excluding Other Income

Operational Highlights

Castrol India reported an average growth of over 8% in volume sold across Consumer, OEM & Fleet, and Industrial segments compared to 1Q 2025. The Consumer segment remained the largest contributor to the lubricants business. The company noted significant growth in its 'step out' sectors, with auto care units sold exceeding 100,000, representing a 94% growth in demand versus the same period last year.

Strategic Developments

The presentation highlighted strategic initiatives, including the expansion of the auto care portfolio and national distribution footprint. The company's digital engagement ecosystem, specifically the FastScan mechanic network, grew to 164,000 users. Additionally, bp announced the sale of approximately 65% stake in Castrol to Stonepeak, a transaction currently underway. Castrol India stated it remains focused on executing its growth plan amidst these developments.

Castrol India Limited has appointed Mr. Saugata Basuray as its Managing Director effective 1 June 2026 for a term of five years. The decision, taken by the Board of Directors on 28 May 2026, elevates the current Whole time Director & Interim Chief Executive Officer to the top leadership position. The appointment is subject to approval by shareholders and other statutory authorities.

The Board approved the tenure for five consecutive years, concluding on 31 May 2031. This decision follows the recommendation of the Nomination and Remuneration Committee. The company disclosed that Mr. Basuray is not related to any Director or Key Managerial Personnel of the company and is not debarred from holding the office of a Director by SEBI or any other authority.

Mr. Basuray brings over 26 years of experience across sales, marketing, and business leadership. He joined the company as a Management Trainee in 1999 after completing his MBA from Symbiosis Institute of Business Management (SIBM). His career includes roles in India and abroad, having worked in four countries across two continents.

Profile and Experience

Mr. Basuray's career includes a stint at Castrol's global headquarters in the UK, where he contributed to the marketing of Castrol Edge. He later led sales for the B2B channel and served as Head of Marketing for Castrol India. He also led operations in the Philippines and Indonesia as Managing Director of a joint venture. Prior to his interim role, he was Whole time Director and Head-B2C Business, driving the transformation of the company's go-to-market model and expanding its distribution network in rural India.

The Board meeting commenced at 2:45 P.M. IST and concluded at 3:00 P.M. IST on 28 May 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.