Castrol India reported a resilient 27% year-on-year revenue growth in the third quarter of FY2026, reaching INR 1,735 crores. Despite a 23% year-on-year decline in profit due to significant raw material and currency cost escalations, the company maintained its market share. For the 9-month period, revenue grew 20% to INR 5,151 crores, with EBITDA up 11% and profit after tax up 9%. Management highlighted strategic pricing actions and investments in rural and industrial segments as key drivers.
Castrol India Reports Resilient Q3 Performance Amidst Inflationary Headwinds
Castrol India has announced its financial results for the third quarter and nine months ended September 30, 2026. The company showcased a robust 27% year-on-year increase in revenue for the quarter, reaching INR 1,735 crores. This growth was achieved despite a challenging operating environment marked by a sharp rise in raw material costs and adverse currency movements. While profit after tax saw a 23% year-on-year decline to INR 176 crores, the company emphasized its resilient performance and strategic initiatives to navigate these pressures.
Nine-Month Performance Highlights
Over the first nine months of FY2026, Castrol India recorded a 20% growth in revenue, amounting to INR 5,151 crores. The company also saw positive trends in profitability, with EBITDA up by 11% and profit after tax increasing by 9%. These results reflect the effectiveness of early pricing actions taken to mitigate input cost inflation and the sustained growth in key business segments.
Strategic Focus and Future Outlook
The company’s strategy continues to focus on recovering margins and investing in growth engines. Significant investments have been made in expanding the distribution reach, particularly in rural India, with an expanded national footprint to approximately 167,000 outlets. The industrial business demonstrated strong performance with double-digit volume growth, driven by new customer acquisitions and product innovations like the Magna CTX range.
Management acknowledged the volatile and inflationary operating environment expected in the medium term. However, Castrol India remains committed to maintaining market share across categories, focusing on operational excellence, brand strength through innovation, and building its distribution infrastructure. The company aims to evolve from a lubricants provider to a broader mobility solutions and maintenance partner.
Key financial metrics for the quarter include:
Revenue from Operations: INR 1,735 crores (up 27% YoY)
EBITDA: INR 262 crores (down 19% YoY)
Profit After Tax: INR 176 crores (down 23% YoY)
Key financial metrics for the 9-month period include:
Revenue from Operations: INR 5,151 crores (up 20% YoY)
EBITDA: INR 1,086 crores (up 11% YoY)
Profit After Tax: INR 766 crores (up 9% YoY)
Source: BSE
