Castrol India Limited reported a steady performance for the first quarter of calendar year 2026, with revenue and operating metrics showing growth despite macroeconomic uncertainties.
The company posted revenue from operations of ₹1,545 crore for the January–March quarter, marking a 9% increase compared to ₹1,422 crore in the same period last year. The growth was supported by strong execution, market share gains, and volume expansion across segments.
At the operating level, EBITDA stood at ₹329 crore, up 7% year-on-year from ₹307 crore. Profit after tax (PAT) came in at ₹242 crore, registering a 4% rise compared to ₹233 crore in the corresponding quarter of the previous year.
Management highlighted that the quarter reflected strong momentum in business performance, driven by expansion in rural markets and increased focus on premium product segments. The company also reported double-digit growth in its rural portfolio and continued traction in high-density urban consumption areas.
During the quarter, Castrol India expanded its distribution reach significantly, strengthening its presence across approximately 1,50,000 outlets nationwide. Its service ecosystem remained robust, supported by around 800 Castrol Auto Service centres, nearly 34,000 independent workshops, and over 13,000 multi-brand workshops.
The company also continued to deepen its rural footprint, with distribution expanding to around 43,000 outlets backed by nearly 700 Rural Service Express centres. Additionally, Castrol added more than 600 new customers during the quarter, with a focused push in sectors such as mining and electric vehicles, including partnerships with EV manufacturers.
On the product front, Castrol enhanced its industrial portfolio through new launches and innovation-led initiatives, while also pursuing localisation strategies. The company further signed a memorandum of understanding with HPCL to explore opportunities in developing a re-refined base oil ecosystem in India.
However, management noted emerging external headwinds towards the end of the quarter, particularly related to currency volatility and rising raw material costs due to geopolitical developments. Despite this, the company indicated that it is proactively managing these challenges through calibrated pricing, cost discipline, and supply chain resilience.
Looking ahead, Castrol India remains focused on expanding distribution, investing in premium brands, and maintaining agility in navigating a volatile macro environment, while balancing near-term challenges with long-term growth priorities.