Castrol India Limited — Q1 FY26
Castrol India reported a solid Q2 FY26 with revenue of ₹1,497 crore (+7% YoY), EBITDA of ₹349 crore (+8% YoY), and PAT of ₹244 crore (+5% YoY).
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
82%Questions answered0Evaded / deflected11Questions auditedConsistentNumbers vs filing
Answered
High priority
Volume numbers and segment growth details for the quarter.
Asked by Nitan Tari, Philip Capital, India
Management provided specific growth percentages for each segment and confirmed overall volume growth.
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Question
if you can give us the volume number for the quarter and provide some more color on how the different segments have grown in this quarter
Management (likely CEO or CFO)
our overall growth has been at 8%. our bikes and cars have been in high single digits. Our CEO has been at 8% again and our industrial has been at 13. rural has continued to grow at 12%.
Partial answer
High priority
Castrol India's share of Castrol Global business and update on carve-out.
Asked by Nitan Tari, Philip Capital, India
Management gave approximate volume share but not exact profitability, and no new update on carve-out.
no specific profitability percentagedeferred to market updates
Read the exchange
Question
what part of Castrol Global's business is Castrol India in terms of volume and profitability and what is the update on that front
Management
we do about a little over 10% of the volume of global Castrol and a little better than that in terms of profitability.
Partial answer
Medium priority
Industrial segment margins and product mix despite lower margin view.
Asked by Sabri Hazarika, NK Global Financial Service
Management explained how margins were maintained but did not provide segment-level margin figures.
no specific margin numbers for industrialqualitative explanation only
Read the exchange
Question
you have mentioned that you've grown almost like 13% in the industrial segment but at the same time your margins have also held up quite well despite the view that industrial generally has got lower margins. So can you throw some light on the industrial segment right now?
Management
it comes with the dexterity of being able to manage different levers of the business and using the benign environment on the product cost side and some amount of localization.
Answered
High priority
Overall lubricant market growth and Castrol's market share gains.
Asked by Sabri Hazarika, NK Global Financial Service
Management provided market growth range and own market share gain in basis points.
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Question
what is the overall growth in the lubricant segment as a whole and are you gaining market share rapidly in this current scenario.
Management
the automotive lubricant space is expected to be in the range of three and a half to four and a half percent volume growth. our share growth YTD has been about 40 bps.
Partial answer
Medium priority
Pricing strategy for automotive lubricants and data center coolant progress.
Asked by DAL Popit, Choice International Limited
Management gave qualitative pricing strategy but no numbers; data center update was vague.
no specific pricing quantumno timeline for data center revenue
Read the exchange
Question
I want to understand further color on the pricing strategy for the automotive lubricants. ... the testing that you are doing for the data centers I wanted to understand if there is any further development
Management
strategic pricing means Castrol lubricants will continue to command a premium. we have taken pricing in the first half of this year. ... data center testing are quite rigorous and go on for a few months.
Partial answer
Medium priority
Future growth drivers and industrial portfolio margins.
Asked by Shloka Meta, individual investor
Management discussed growth drivers but gave only a relative margin comparison, not actual numbers.
no specific margin percentage for industrialqualitative comparison only
Read the exchange
Question
where do you see your growth coming in from over the next few quarters and secondly what kind of work are we doing in our industrial portfolio and what kind of margins do we make there
Management
growth has always come from the core. ... industrial at an overall level ... if a oil company makes a dollar of margin gross margin, automotive average they will make about half a dollar margin industry.
Answered
Medium priority
Investment in rural push and non-lubricant product strategy.
Asked by Sana, individual investor
Management gave specific percentage of turnover for marketing and volume growth for non-lubricant products.
Read the exchange
Question
what is the kind of investment being pumped in our rural push from a marketing budget and what are our views and strategies on our non-lubricant products like accessories
Management
we spend between 3 to 4% of our turnover in advertising and sales promotion. ... autoare range ... in the first half of this year we have sold 100% more volume than what we did in the whole of last year.
Answered
High priority
Ethanol impact on engine oils and sales mix breakdown.
Asked by Nitan Tari, Philip Capital, India
Management confirmed product capability and provided exact sales mix percentages.
Read the exchange
Question
how ethanol mixing could be impacting automotive engines. ... help us understand your sales mix right now in terms of CV and industry
Management
our products are capable of handling E20, E30. ... personal mobility has contributed to 43%, CV is about 42-44% and industrial has been about 12%.
Answered
High priority
Advertising expenses, price hikes, and new OEM additions.
Asked by Nakul Dave, ND Investments
Management provided specific advertising expense, price hike impact, and OEM update.
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Question
I just wanted to understand what your advertising expenses for this quarter also. Have you taken any price hikes and have you added any new OEMs?
Management
our advertising expense for the quarter is 46 crores. ... selective price hikes have given us about one and a half percent delta. ... no new brand of OEM but we have started working for a range of vehicles with Ola motors.
Answered
Medium priority
Other income run rate and working capital increase.
Asked by Gain, IC Prudential Mutual Fund
Management explained the decline in other income and working capital increase with specific reasons.
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Question
other income from a run rate perspective what we have delivered in this quarter is on the lower side ... working capital was also a little higher so is both linked
Management
our income has gone down in quarter by about 11 cr ... special dividend took a large part of our cash reserves. ... volume growth and supply situation increased inventory.
Answered
High priority
Volume figures for current and prior quarters.
Asked by Kumar Anupchan Sha, Sumangal Investments
Management provided exact volume numbers for all three periods.
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Question
Would you repeat the volume figures for this quarter and what were the same for corresponding quarter of last year and last quarter also?
Management
this quarter our overall volumes are 66 million. last year same time was 61 million and Q1 the last quarter was 62 million.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Overall volume growth of 8% YoY | 8% | 7% | Matches filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.