Castrol India Limited has informed the Exchange about Transcript
CASTROLIND · price
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Castrol India reported 1Q FY2025 revenue of INR 1,422 crores, up 7% year-on-year, with profit after tax rising 8% to INR 233 crores and volumes growing 8% to over 63 million liters. EBITDA margins came in at the lower end of the company's 22-24% guidance band, as management deliberately stepped up advertising and promotion spend (INR 18 crores more) and OEM partnership royalties (INR 14 crores more) to drive growth. Distribution network expanded to roughly 148,000 outlets, including over 40,000 in rural India, and the company highlighted new wins in industrial lubricants, a Triumph supply agreement for POWER1, and a Shah Rukh Khan-led Castrol Activ campaign reaching 220 million consumers. The MD also confirmed that parent BP PLC has announced a global strategic review of its Castrol business to consider all options for value creation.
Near-term margins are under some pressure due to stepped-up growth investments, but the 22-25% EBITDA guidance is maintained. The bigger overhang is BP's global strategic review of Castrol, which could lead to a change in ownership or structure and is likely to be the key stock-moving event for shareholders to watch.