Castrol India (500870) investor relations material

Executive summary

• Achieved record revenue in FY25, marking eight consecutive quarters of volume-led growth and increased market share in automotive lubricants, driven by expansion in both automotive and industrial segments.

• Full-year volume grew 8% year-over-year, supported by strong demand in personal mobility, industrial business, and rural distribution.

• Distribution network expanded to over 150,000 outlets and more than 750 service centres, with significant rural growth.

• Continued innovation with nearly 20 new localized products and collaborations with major OEMs and EV players.

• Board recommended a final dividend of INR 5.25 per share, bringing the total FY25 dividend to INR 8.75 per share.

Financial highlights

• FY25 revenue from operations rose 7% year-over-year to INR 5,722 crores; EBITDA increased 5% to INR 1,348 crores.

• Profit after tax for FY25 reached INR 950 crores, up from INR 927 crores in FY24.

• Q4 revenue was INR 1,440 crores, up 6.4% year-over-year; Q4 EBITDA was INR 368 crores, down 2% YoY but up 14% sequentially.

• EPS for FY25 stood at INR 9.60, up from INR 9.37 in FY24.

• Cash from operations for FY25 was INR 1,090 crores, supporting a strong balance sheet.

Outlook and guidance

• Expects steady evolution in India's mobility landscape, with ICE and hybrids remaining dominant in the medium term.

• Lubricant demand anticipated to grow, supported by economic expansion and low vehicle penetration.

• Industrial segment growth underpinned by government manufacturing initiatives.

• Focus on strengthening core business, accelerating supply chain localization, and expanding into adjacent markets and services.