Castrol India earnings calls.

Castrol India delivered a standout Q2 (H1 CY2026) with ₹1,871 croreCurrent reported value: ₹1,871 crore. No comparable prior figure is available in the source record. revenue (+25Current 25 crore vs previous available quarter 6.4 crore.% YoY) driven by broad-based volume growth, two pricing actions taken in H1, and portfolio premiumisation. EBITDA of ₹494 croreCurrent reported value: ₹494 crore. No comparable prior figure is available in the source record. (+41% YoY) and PAT of ₹348 croreCurrent reported value: ₹348 crore. No comparable prior figure is available in the source record. (+43Current reported value: 43. No comparable prior figure is available in the source record.% YoY) reflect strong operating leverage, though the CFO explicitly flagged that ₹50-60 croreCurrent reported value: ₹50-60 crore. No comparable prior figure is available in the source record. of inventory benefit from lower-cost raw material inventory is embedded in Q2 results. This tailwind will unwind in Q3 as commodity and feedstock inflation (particularly Group 3 base oil) becomes more visible. Management maintained its 21-24% EBITDA marginCurrent reported value: 21-24% EBITDA margin. No comparable prior figure is available in the source record. framework but acknowledged it is monitoring input cost volatility closely, especially given the Middle East-driven base oil supply situation. The BP-Stone Peak transaction (65% stake sale) remains pending regulatory approvals globally. Industrial segment continues to outperform at high double-digit growth. Capital allocation remains shareholder-friendly with ₹6.25/share interim dividend. The primary risk is margin compression in H2 as raw material costs fully flow through, requiring further pricing actions to defend margins.