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Castrol India Results: Latest Quarterly Results & Analysis

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Castrol India Ltd. 28 Apr 2025 17:20 PM
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Q1CY25 Quarterly Result Announced for Castrol India Ltd.

Oil Marketing & Distribution company Castrol India announced Q1CY25 results

  • Revenue at Rs 1,422 crore, increase of 7% YoY.
  • Profit before tax (PBT): Rs 313 crore, increase of 7% YoY.
  • Profit after tax (PAT): Rs 233 crore, increase of 8% YoY.

Commenting on the first quarter CY25 performance, Kedar Lele, Managing Director, Castrol India, said, “We have made a steady start to the year, delivering growth in both revenue and profitability despite a challenging external environment. Our focus on product innovation, portfolio expansion, and deeper market penetration continues to fuel consistent momentum. The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter.”

"We remain committed to strengthening mechanic advocacy across channels and leveraging the power of our brand communication to deepen consumer relevance. While macro headwinds such as rising input costs and forex volatility persist, we are confident in our ability to strengthen our leadership position, sustain growth, and deliver margins in this dynamic market,” he added.

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Oil Marketing & Distribution company Castrol India announced Q4CY24 results

  • Revenue: Rs 1354 crore compared to Rs 1264 crore during Q4CY24.
  • PBT: Rs 371 crore compared to Rs 324 crore during Q4CY24.
  • PAT:  Rs 271 crore compared to Rs 242 crore during Q4CY24.

Kedar Lele, Managing Director, Castrol India, said: “2024 was a year of significant progress for Castrol India. We introduced meaningful innovations in key product categories and enhanced our market reach. Castrol EDGE continued to set high standards for lubricants in high-performance cars, while CRB TURBOMAX CK4 is delivering improved performance for India's trucking fleet. For our industrial partners, we advanced rust protection through customised solutions. We also strengthened our presence in rural India, now reaching over 36,000 workshops and stores, as part of our wider network of over 143,000 outlets across the country. This extensive reach enables millions of consumers to trust Castrol to keep their vehicles running efficiently. That trust inspires us to continuously innovate and serve better.”

“In 2025, we will continue the promise by focusing on the delivery of high-quality products and services to the automotive and industrial sectors. A key milestone this year is the relaunch of ACTIV, our biggest brand, in the first quarter. Improving our footprint in rural India is going to be a priority, along with introducing innovative service offerings across regions. Making Castrol more accessible and affordable has been a key strategy, and we intend to scale it further to get more consumers into our network. With a strong focus on customer needs and resilient manufacturing, we aim to strengthen our leadership in the industry."

Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Our 2024 performance reflects our ability to balance growth and profitability in a volatile geo-political environment. Optimising costs, operational efficiency along with timely pricing strategies, helped strengthen our margins while staying aligned with our strategic goals. Our consistent focus on sound financial management ensures that we are well-prepared for the opportunities and challenges that lie ahead.”

To commemorate Castrol’s journey of 125 years globally and celebrate Company’s strongest year in India, the board has recommended a final dividend of Rs 9.5 per share (face value: Rs 5 each) including a special dividend of Rs 4.5 per share for the financial year ending 31 December 2024. This is subject to shareholder approval at the 47th Annual General Meeting. This takes the total dividend for 2024 to Rs 13/- per share, reflecting the Company’s commitment to its shareholders for their continued support over the past four decades.

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Oil Marketing & Distribution company Castrol India announced Q3CY24 results

  • Revenue up 9% at Rs 1,288 crore; profit before tax rises 6% to Rs 280 crore in Q3CY24.
  • PBT for the quarter was recorded as Rs 280 crore.
  • Revenue from Operations for Q3CY24 stand at Rs 4,011 crore, reflecting a 5% growth from Rs 3,811 crore in Q3CY23.
  • Profit Before Tax for the period reached Rs 887 crore, marking a 3% increase from Rs 857 crore in Q3CY23.

Sandeep Sangwan, Managing Director of Castrol India, said: “We are proud of our consistent year-on-year growth, which reflects our ability to navigate a dynamic market environment and deliver value to our shareholders.The achievement of our strong 3Q sales volumes and profits is a testament to our strategic focus and operational excellence. Our balanced approach to optimising volumes and margins, along with continuous innovation, expanding distribution infrastructure, and brand-building efforts, has driven sustained revenue growth,”

“Looking ahead, we will continue to prioritise product and service innovations while strengthening our partnerships with key OEMs in automotive and industrial sectors. In addition, we plan to maintain our growth momentum through strategic brand investments in the upcoming months.”

“During my time serving India, we transcended lubricants with Castrol ON, introduced the autocare range, joined forces with kiMobility, and strengthened our ties with OEMs. From Shah Rukh Khan becoming the face of our brand to expanding deep into the heart of India’s vast landscape, it’s been an incredible journey that I will cherish always. I am confident that Castrol India will continue to thrive and contribute to India’s progress as a leading force in the future.”

Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Our strong financial performance, demonstrates the resilience of our business model and our ability to navigate challenging market conditions.The record-breaking 3Q sales volume and profits achieved this quarter is a significant milestone that reinforces our position as a market leader. We remain committed to maintaining a disciplined approach to capital allocation and maximising shareholder value.”

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Oil Marketing & Distribution company Castrol India announced Q1FY25 results:

Financial Highlights: 

  • Revenue up 5% at Rs 1,398 crore; profit rises 3% to Rs 314 crore in Q1FY25 driven by current brand and marketing investments.
  • H1CY24 revenue of Rs 2,723 crore, profit before tax of Rs 606 crore.
  • Declares interim dividend of Rs 3.5 per share. 

Sandeep Sangwan, Managing Director of Castrol India, said: “We are proud of our strong second-quarter performance, driven by product launches like the Castrol EDGE range and marketing campaigns featuring Shah Rukh Khan,"

“Our balanced focus on volumes and margins, along with our commitment to innovation and brand building, has driven revenue growth. As we celebrate 115 years in India, we remain dedicated to delivering innovation, performance, reliability, and protection. Notably, our presence in major sports properties like the IPL,T20World Cup, andWimbledon underscores our strong brand visibility.”

Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Looking ahead, ongoing innovations in products and services, coupled with strategic brand investments, will sustain our growth momentum. Potential stabilisation of input costs in the latter half of the year could signal a positive trend for the industry,”

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Oil Marketing & Distribution company Castrol India announced Q1CY24 results:

Financial Highlights:

- Castrol India reported a revenue of Rs 1,325 crore in the first quarter of 2024, marking a 2% increase compared to the Rs 1,294 crore achieved in the first quarter of 2023.
- The Profit Before Tax for Q1CY24 was Rs 292 crore, slightly up by 1% from the previous year's equivalent period, which was Rs 288 crore.
- Profit After Tax for the company rose by 7% YoY, reaching Rs 216 crore in Q1CY24 compared to Rs 203 crore in Q1CY23.

Sandeep Sangwan, Managing Director of Castrol India Limited, said, “The successful launch of innovative products last quarter significantly expanded our market share across segments. Our ongoing initiatives, including campaigns like #BadhteRahoAage and Castrol CRB TURBOMAX Pragati Ki Paathshaala, are gaining traction and set to propel further momentum. These efforts are fueled by our unwavering commitment to brand building and cutting-edge innovation. Reaching over 12,000 truck drivers nationwide through Pragati Ki Paathshaala exemplifies the impact of our programs. Our strategic association with the iconic Shah Rukh Khan reflects our pursuit of excellence, while partnerships with powerhouses like the Mumbai Indians and KTM Cup 2024 solidify our dedication to performance-driven strategies.”

“Looking forward, our focus remains sharp: delivering unbeatable value propositions tailored to the unique needs of our diverse customer segments. We’re achieving this through relentless product innovation and a strengthened presence in rural markets. Throughout the year, expect a continuous stream of cutting-edge products across portfolios that solidify our position at the forefront. This unwavering commitment to innovation and customer-centricity fuels our confidence in delivering sustainable growth and lasting value for both consumers and customers alike.”

Deepesh Baxi, Chief Financial Officer of Castrol India Limited added, “Our strategic initiatives and resilient approach have positioned us well in navigating the dynamic market landscape. As we continue to focus on driving growth and maximizing value for our stakeholders, we remain committed to prudent financial management and strategic investments to sustain our momentum in the quarters ahead.”

 

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Oil Marketing & Distribution company Castrol India announced Q4CY23 & CY23 results:

  • Q4CY23
    • For Q4, from October to DecemberCY23, the Company registered Revenue from Operations of Rs 1,264 crore, achieving a growth of 7% over Rs 1,176 crore in Q4CY22.
    • Profit Before Tax for Q4CY23 stood at Rs 324 crore, marking a gain of 31% from Rs 248 crore in Q4CY22. The Profit After Tax for Q4CY23 stood at Rs 242 crore, registering a growth of 25% from Rs 193 crore in Q4CY22.
  • CY23:
    • For CY23, the Company registered Revenue from Operations of Rs 5,075 crore, recording a strong growth of 6% over Rs 4,774 crore in CY22.
    • Profit Before Tax for CY23 stood at Rs 1,181 crore, marking a growth of 8% from Rs 1,093 crore in CY22.
    • The Profit After Tax for CY23 stood at Rs 864 crore, making a growth of 6% from Rs 815 crore in CY22.
  • The Company’s Board of Directors recommended a final dividend of Rs 4.50/- per equity share of the face value of Rs 5/- each for the financial year ended CY23 subject to approval by the Shareholders at the 46th Annual General Meeting. This takes the total dividend for CY23 to Rs 7.5/- per share.

Commenting on the annual performance and Q4CY23 results, Sandeep Sangwan, Managing Director, Castrol India, said, “In CY23, we navigated strategic landscapes with precision, driving robust top-line and bottom-line growth by deftly balancing volume, margin, and unwavering cost management. Our bonds with the trucking community, auto dealers, and consumers strengthened, fueled by the triumph of the #BadhteRahoAagey campaign—an anthem of empowerment for the trucking sector. Pragati Ki Paathshaala, our ongoing on-ground initiative, aspires to be the heartbeat of skill development and entrepreneurship among truckers nationwide.”

“In the realm of two-wheelers, Castrol POWER1's 'India’s ULTIMATE Motostar' sought to discover the nation's top motorsports talent. As for four-wheelers, our Castrol Auto Service centers, now totaling 450 , provide reliable service across India. Expanding our reach into rural Bharat, we enhanced product availability to 32,000 outlets deep in the hinterland. The launch of our auto care products gained momentum, now accessible in 21,000 outlets and embraced by trade and consumers alike. Direct consumer outreach, especially through e-commerce platforms, has yielded a positive impact,” he added.

Deepesh Baxi, Chief Financial Officer, Castrol India, shared his thoughts on how he sees the next year panning out. “In 2024, we will boldly navigate through challenges and capitalise on opportunities. Despite economic uncertainties, we see steady inflation and a positive shift in consumer confidence. Our focus on resilient manufacturing remains unwavering, with a keen eye on global risks. We move ahead with confidence, investing in our brands and innovations. Castrol is well-positioned to thrive, embracing smart factories and adapting to evolving market trends.”

 

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Oil Marketing & Distribution company Castrol India announced Q3CY23 & 9MCY23 results:

  • For Q3CY23, the company registered a 6% year-on-year increase in Revenue from Operations, growing from Rs 1,121 crore in Q3CY22 to Rs 1,183 crore.
  • Profit Before Tax for Q3CY23 stood at Rs 264 crore, 4% more than Rs 254 crore in Q3CY22.
  • The 9MCY23 Revenue from Operations was Rs 3,811 crore, a 6% growth compared to Rs 3,598 crore in 9MCY22.
  • Profit Before Tax for 9MCY23 stood at Rs 857 crore, marking a growth of 1% from Rs 845 crore in 9MCY22.

Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India, said, “Investing in our brand has held us in good stead leading to a 6% revenue growth. Our new #BadhteRahoAagey campaign is a testament to our commitment to our consumers. The next leg of this campaign will be an extensive on-ground activation specifically tailored to support truckers in their pursuit of progress. We continue to build our reach into rural India to tap into demand.” 

 

 

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Oil marketing & distribution company Castrol India announced Q2CY23 & H1CY23 results:

  •  Consolidated Q2CY23:
    • For Q2CY23, the company registered revenue from operations of Rs 1,334 crore, marking a growth of 7% compared to Rs 1,242 crore in Q2PY22, and a growth of 3% from Rs 1,294 crore in Q1CY23.
    • Profit before tax for Q2CY23 stood at Rs 305 crore, a gain of 9% compared to Rs 280 crore in Q2PY22, and 6% higher than Rs 288 crore in Q1CY23.
  • Consolidated H1CY23:
    • In H1CY23, the company registered Revenue from Operations of Rs 2,628 crore, achieving a growth of 6% compared to Rs 2,477 crore in H1PY22.
    • Profit before tax for H1CY23 stood at Rs 593 crore, marking a growth of 0.4% from Rs 591 crore in H1PY22.

Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India, said, “During the last quarter, we focused on achieving growth through increased volume. Despite challenges, we flourished, showcasing resilience and innovation in products and services. We expanded our portfolio by entering the auto care range and launching successful new products like Castrol CRB ESSENTIAL and MAGNATEC SUV 5W30. Alliances with organisations such as Mahindra Insurance Broker Limited strengthened our market position. Our success is attributed to a robust supply chain and customer-centric services. With confidence, we move ahead, expecting continued growth and impact into 2023-end.”

“Additionally, we are conducting ASDC-certified EV readiness training to make car and bike mechanics in India EV-ready. Until now, we have trained 200 mechanics across India. In 3Q, we expect to quadruple this number,” Sangwan added.

Sharing an outlook for the year ahead, Sangwan said, “Despite anticipated challenges in the business environment, we will remain focused on achieving growth and expanding market share. This involves introducing new products and investing in strengthening our brand. By the end of the first half, we'd already established a network of over 5500 Castrol Bike Points and 350 Castrol Auto Service outlets. In the second half, we aim to reinforce our position in the aftersales service market, committed to enhancing our presence and providing exceptional service to our valued customers.”

 

 

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Oil Marketing & Distribution company Castrol India announced Q1CY23 results:

  • For Q1CY23, the company registered Revenue from Operations of Rs 1,294 crore, marking a growth of 5% compared to Rs 1,236 crore in Q1CY22, and a growth of 10% from Rs 1,176 crore in Q4PY22
  • Profit Before Tax for Q1CY23 stood at Rs 288 crore, a drop of 7% compared to Rs 311 crore in Q1PY22, and 16% higher than Rs 248 crore in Q4PY22
  • Profit After Tax for Q1CY23 stood at Rs 203 crore, a drop of 10% compared to Rs 228 crore in Q1PY22, and 5% higher than Rs 193 crore in Q4PY22

Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India, said, “While we built on the growth momentum from 4Q 2022 and registered quarter-on-quarter growth in 1Q 2023, our performance versus 1Q 2022 was impacted due to inflationary pressures, high input costs and fluctuating forex. We continued to invest in our brand and safeguard our margins while maintaining our pricing premium and providing our customers with an elevated brand experience. We expanded our presence in service & maintenance, increasing our Castrol Auto Service outlets to over 300 and Castrol Bike Points to over 5000 across India.”

Sharing an outlook for the year ahead, Sandeep Sangwan added, “We will continue to drive consistent growth in the subsequent quarters and enhance our industry partnerships to ramp up our service & maintenance offerings and in new strategic segments such as automotive aftercare.”

 

 

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Oil Marketing & Distribution firm Castrol India announced results for the quarter ended December 31, 2022:

  • Consolidated results for full year ended December 31, 2022:
    • The company registered Revenue from Operations of Rs 4,774 crores, registering an overall revenue growth of 14% compared to Rs 4,192 crores for the full year ended 31 December 2021.
    • Profit Before Exceptional Items & Tax for 2022 stood at Rs 1,093 crores, marking a growth of 6% from Rs 1,029 crores in 2021.
    • In addition to an interim dividend of Rs 3/- per equity share, the Company’s Board of Directors have recommended a final dividend payment of Rs 3.50/- per equity share each for the fiscal year 2022, subject to shareholders’ approval.
  • Consolidated results for the quarter ended December 31, 2022:
    • The company registered Revenue from Operations of Rs 1,176 crores, achieving a growth of 8% compared to Rs 1,091 crores in 4Q 2021.
    • Profit Before Tax for 4Q 2022 stood at Rs 248 crores, registering a drop of 3% from Rs 257 crores in 4Q 2021.

Commenting on the annual performance and 4Q 2022 results, Sandeep Sangwan, Managing Director, Castrol India Limited, said, “2022 was marked by high forex and inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. We balanced our volumes and margins through timely pricing decisions and rigorous cost management and delivered bottomline growth. In 4Q, we bolstered our service & maintenance network with a strategic partnership with Ki Mobility Solutions and expanded the reach of our service brands: Castrol Auto Service, Castrol Bike Points and Castrol Express Oil change.”

Sharing a future outlook, Sandeep Sangwan added, “We will continue to drive long-term growth for Castrol through our future-ready strategy, which focuses on an enhanced play in service & maintenance, and a foray into new segments including automotive aftercare and electric mobility. In the EV space, in 2023, we will launch our Castrol ON range of EV fluids for the aftermarket and collaborate with two-wheeler & four-wheeler OEMs to support their EV transition. In addition, we are supporting mechanics to get EV-ready with certified trainings that will help create an eco-system enabled to serve EVs better.”

 

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