Gulf Oil Projects Strong Growth, Aims to Outpace Market Across Segments
Gulf Oil has announced aggressive growth plans, targeting to grow at twice the market rate and expand market share across all segments. The company is particularly confident about achieving higher growth in Diesel Engine Oil and Motorcycle Oil segments. Management's optimistic outlook suggests potential market dominance and increased pressure on competitors in the lubricants industry.
Gulf Oil Lubricants India Ltd reported a 7.2% year-over-year increase in net profit to ₹916.00 million for Q4. Revenue grew by 7.3% to ₹9.15 billion, while EBITDA rose 7.8% to ₹1.24 billion. The company's EBITDA margin improved slightly to 13.60%. The board has recommended a final dividend of ₹28.00 per equity share.