Castrol India Reports 6% Revenue Growth in Q3, Driven by Strong Volume Expansion
Castrol India Limited reported a 6% year-on-year revenue growth to INR 1,363.00 crores in Q3, with a 7% increase in volume sales. The company saw growth across segments: Personal Mobility (6%), Commercial Vehicles (8%), and Industrial (double-digit). EBITDA rose 13% to INR 323.00 crores, while Profit After Tax increased 10% to INR 228.00 crores. Strategic initiatives include retail network expansion to over 150,000 outlets, growth in Castrol Auto Service centers to 750, focus on rural markets, product innovation, and an EV partnership with VinFast Auto. The company announced a leadership transition, with Saugata Basuray set to succeed Kedar Lele as Managing Director from January 1st, 2026.
*this image is generated using AI for illustrative purposes only.
Castrol India Limited , a leading lubricant manufacturer, has reported a robust performance for the third quarter, with revenue growth of 6% year-on-year, reaching INR 1,363.00 crores. The company's growth was primarily driven by a 7% increase in volume sales, highlighting its strong market position and effective growth strategies.
Financial Highlights
The company's financial performance for Q3 and the nine months ending September showcases steady growth across key metrics:
| Metric | Q3 | YoY Growth | 9M | YoY Growth |
|---|---|---|---|---|
| Revenue | INR 1,363.00 crores | 6% | INR 4,282.00 crores | 7% |
| EBITDA | INR 323.00 crores | 13% | INR 980.00 crores | 9% |
| Profit After Tax | INR 228.00 crores | 10% | INR 705.00 crores | 8% |
| Volume Growth | 7% | - | 8% | - |
Segment Performance
Castrol India reported strong performance across various segments:
- Personal Mobility: 6% growth
- Commercial Vehicles: 8% growth
- Industrial Segment: Double-digit growth
Strategic Initiatives and Expansion
The company has undertaken several strategic initiatives to strengthen its market position:
Retail Network Expansion: Castrol has expanded its retail network to over 150,000 outlets, including 40,000 rural outlets, enhancing its market reach.
Service Center Growth: The number of Castrol Auto Service centers has increased to 750 across 300 cities, up from 580 a year ago.
Rural Market Focus: The company has established about 500 rural express oil change kiosks, contributing to its double-digit growth in rural areas.
Product Innovation: Castrol launched new products, including a helmet cleaner, addressing emerging consumer needs.
Electric Vehicle Partnership: An MoU was signed with VinFast Auto for EV after-sales services, positioning Castrol in the growing electric mobility ecosystem.
Future Outlook
Kedar Lele, Managing Director of Castrol India, expressed optimism about the company's future, stating, "We are executing our onward, upward forward strategy with discipline and passion, focusing on core automotive growth, pushing into high-opportunity industrial and rural markets, and investing in future-ready adjacencies like EV fluid and Auto Care."
The company remains focused on accelerating volume growth, delivering market share gains, maintaining profitability, and staying ahead by building solutions that serve the evolving needs of customers.
Leadership Transition
Castrol India announced that Saugata Basuray will succeed Kedar Lele as Managing Director from January 1st, 2026. Basuray, with 26 years of experience in the company, is expected to continue the current growth strategy.
As Castrol India continues to navigate the evolving lubricant market and expand into new segments, the company appears well-positioned to capitalize on growth opportunities in both traditional and emerging markets.
Historical Stock Returns for Castrol
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.07% | +0.99% | -3.87% | -6.28% | +1.04% | +67.10% |
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