Castrol India Limited has announced its financial results for the quarter and nine months ended September 30, 2025, demonstrating solid growth across key metrics.

Key Financial Highlights for Q3 2025

Nine Months Performance (2025)

Performance Drivers

The company's growth was underpinned by several factors:

1. Volume Growth: Castrol India experienced a 7% increase in volumes during the quarter, contributing to overall revenue growth.
2. Expanded Distribution Network: The company expanded its national network to 150,000 outlets across India, enhancing its market reach.
3. Product Innovation: Castrol launched new products, including the Castrol All-in-One Helmet Cleaner, diversifying its product portfolio.
4. Rural and Industrial Growth: Significant contributions to growth momentum came from rural and industrial segments.

Strategic Initiatives

Castrol India has focused on several strategic initiatives:

• Driving volume growth
• Expanding portfolio in consumer-relevant categories
• Strengthening distribution network
• Focusing on rural and industrial segments

Management Commentary

Managing Director Kedar Lele emphasized the company's focus on driving volume growth and expanding its portfolio in consumer-relevant categories, aligning with the company's strategic objectives.

Outlook

Castrol India's performance in the third quarter of 2025 demonstrates its ability to achieve growth across various financial metrics. The company's focus on volume growth, product innovation, and market expansion positions it well for continued success. However, investors should remain aware of potential market dynamics and external factors that may impact future performance.

Castrol India Limited has announced a significant leadership transition, with current Managing Director Kedar Lele set to resign and Saugata Basuray appointed as the Interim Chief Executive Officer.

Key Leadership Changes

According to a regulatory filing by the company, Kedar Lele will step down from his role as Managing Director effective December 31, 2025, to pursue other opportunities outside the company. To ensure a smooth transition, the Board of Directors has appointed Saugata Basuray as the Interim CEO, starting January 1, 2026, until a new Managing Director is appointed.

Saugata Basuray's New Role

Saugata Basuray, currently serving as the Wholetime Director & Head of B2C Sales, will take on the additional responsibility of Interim CEO. His designation will be changed to 'Wholetime Director & Interim CEO' from January 1, 2026. This appointment underscores the company's commitment to maintaining leadership continuity during this transition period.

Saugata Basuray's Experience

Basuray brings a wealth of experience to his new role:

• Over 25 years with Castrol India Limited
• Joined as a Management Trainee in 1999
• Diverse international experience across four countries and two continents
• Key positions held:
  • Executive Assistant to the Managing Director of CIL and Regional Vice President bp
  • Part of the UK marketing team for Castrol Edge
  • Head of Marketing for Castrol India
  • Managing Director of Castrol's joint venture in Indonesia
• Currently heads the B2C business segment at CIL

Under Basuray's leadership in the B2C segment, Castrol India has undergone a significant transformation in its go-to-market strategy and expanded its distribution network into rural India.

Educational Background

• MBA from Symbiosis Institute of Business Management (SIBM)
• Engineering degree from the University of Pune

This leadership change comes at a crucial time for Castrol India as the company continues to navigate the competitive lubricants market. The appointment of an experienced insider like Saugata Basuray as Interim CEO suggests a focus on maintaining strategic continuity while the search for a new Managing Director is underway.

Investors and industry observers will be keenly watching how this transition unfolds and its potential impact on Castrol India's market position and future strategies.