Castrol India Management Guidance Tracker
12 forward-looking guidance items tracked across 4 quarters.
Margins
Management reiterated its guiding range of 21-24% EBITDA margin, stating they are currently at the upper end and comfortable operating within that band.
Q2 FY26EBITDA margin guidance maintained at 21-24%ActiveManagement reiterated the long-term EBITDA margin band of 21-24%, emphasizing consistency over aggressive expansion.
Q3 FY26EBITDA margin guidance of 21-24%ActiveManagement reiterated the operating margin guidance range of 21-24% for the business.
Q4 FY26EBITDA margin target of 21-24%ActiveManagement reiterated the structural EBITDA margin range of 21-24% for the medium to long term, though short-term volatility may cause deviations.
Q4 FY26Cost optimization measures ongoingTrackedManagement is driving cost control across the business and strengthening supply chain resilience through diversified sourcing.
Growth
Advertising and sales promotion expenses for the first half were 20% higher YoY to support growth momentum, with Q2 spend at ₹46 crore.
Q2 FY26Volume growth to outpace industryActiveManagement expects continued volume growth ahead of industry, driven by rural penetration and industrial segment expansion.
Q3 FY26Volume growth at 1.5-2x market growth rateActiveManagement guided to grow volume at one and a half to two times the market growth rate going forward.
Ai Strategy
Testing with multiple hyperscalers continues; management expects to announce first customer win once testing concludes, with potential for significant volume if 10% of Indian data centers adopt liquid cooling.
Q2 FY26Data center fluid trials ongoing, first customer expected within 12 monthsTrackedTrials with hyperscalers are progressing; first commercial supply expected after successful completion of 9-12 month testing.