Raw material and currency volatility
Base oil prices and forex fluctuations (USD/EUR) continue to pressure margins, as seen in Q4 margin dilution.
CASTROLIND / Q3-FY26 / risks
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Castrol India · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
BP parent stake sale uncertainty
BP's planned sale of 65% stake in Castrol global lubricants business is subject to regulatory approvals and could impact brand licensing and R&D support.
Competitive intensity and pricing pressure
Management acknowledged high competitive intensity in the lubricant market, which could pressure pricing and margins.
EV transition risk
While EVs are still a small portion of the market, a faster-than-expected shift could reduce lubricant demand per vehicle, though management has prepared EV fluid offerings.