Date: August 13, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

The presentation provides highlights for Q1 FY27 (quarter ended June 30, 2026) but does not disclose specific financial figures such as revenue, net profit, EPS, or balance sheet items. The management commentary indicates:

  • Core lubricants volume grew 17% Year-over-Year (YoY)
  • Revenue increased over 30% YoY
  • EBITDA increased over 30% YoY with 35% growth specifically mentioned
  • Profits increased over 30% YoY
  • EBITDA margin remained stable at 13%
  • The company maintained margin resilience despite unprecedented input cost inflation and pricing challenges
  • Focus on operational efficiency was continued

Disinvestment / Strategic Actions

Not Specified

Management Commentary & Outlook

Mr. Ravi Chawla, MD & CEO:

  • Commenced FY27 with strong momentum and record performances despite West Asia Crisis
  • Core lubricants volume grew 17% YoY with strong growth across B2C, OEM and B2B segments
  • Remained proactive and ensured uninterrupted supply security to all customers despite unprecedented supply chain disruption and cost pressures
  • Reinforced Gulf as a trusted and reliable partner
  • Confident of continuing to outperform the industry and creating long-term value for stakeholders

Mr. Manish Gangwal, Whole-Time Director & CFO:

  • Q1 results reflect strong fundamentals and disciplined execution in tough environment
  • Delivered Robust Volume-Led Profitable growth with over 30% increase in Revenue, EBITDA and Profits
  • Margin resilience remained a key focus area
  • Delivered 35% EBITDA growth YoY, keeping margin stable at 13%
  • Well-positioned to capitalize on growth opportunities while delivering profitable growth and maintaining margin resilience

Business Performance Highlights

  • Strong Volume-Led Profitable growth despite West Asia supply Crisis
  • Ensured uninterrupted supply to customers including OEMs, B2B Customers, distributors and retailers
  • Added new customers with strong focus on supply security and growth
  • Broad-based growth across segments and categories:
  • B2C growth was very encouraging across regions led by double-digit growth in PCMO segment
  • OEM Franchise Workshop (FWS) delivered high double-digit growth driven by Agri, MCO, and PCMO segments
  • B2B Industrial, Infrastructure, and Mining segments delivered strong double-digit growth
  • Supported by addition of new customers during the quarter

Marketing and Brand Initiatives

  • Launched Gulf B2B Solutions brand campaign: "Dream Beyond. Do Beyond"
  • Campaign reached 5L+ identified audience on LinkedIn in first 6 weeks
  • Key phrase from partners: "Gulf ke log, kaam ke log" (Gulf people, work people)
  • Hosted exclusive Meet & Greet experiences with Chennai Super Kings players Rahul Chahar, Akeal Hosein & Sanju Samson
  • Celebrated power of partnerships and spirit of going beyond together

Other Operational / Legal / Strategic Disclosures

Industry Overview

Indian Lubricants Industry Growth Drivers:

  • Rising per capita income crossing $2,900 p.a.
  • Under-penetrated auto market (8% household owns cars, 47-50% owns 2Ws)
  • Strong prospects of rural economy and rising farm income to boost tractor sales and MCO sales
  • India is officially the 4th Largest Economy (over $4 trillion), surpassing Japan
  • Rapidly expanding middle class (projected to rise to 60-63% by 2047 from 31% currently)
  • Replacement of older BS3 or BS4 with newer BS6 vehicles
  • SUV preferences increasing demand for more and pricier lubricants
  • Advancement of engine technology with stringent emission norms
  • Increased use of lighter viscosity and synthetic oils
  • Fast transitioning into a premium-quality market

Company Business Overview

Market Position:

  • Established strong market position with +9% volume growth
  • Premiumisation across portfolio contributed to strong double-digit value CAGR
  • Dynamic Business Model
  • Stellar Pan India Network

Manufacturing Facilities & Expansion Plan:

  • Chennai Plant (South India): Gold Certified by IGBC
  • Houses largest Global R&D Facility and Customer Experience Centre
  • Current Capacity: Lubricants: 50,000 KL/year, AdBlue®: 39,000 KL/year
  • Silvassa Plant (West India): Platinum Certified by IGBC
  • Current Capacity: Lubricants: 90,000 KL/year, AdBlue®: 36,000 KL/year

Technology and Infrastructure:

  • State-of-the-art blending technology from ABB France
  • Simultaneous Metered Blender (SMB), Automated Batch Blender (ABB)
  • Completely piggable manifold, Drum Decanting Unit (DDU)
  • LubcelTM Manufacturing Execution System
  • Advance and fully equipped Quality Control laboratory
  • Finished goods warehouse with fully Automated Storage and Retrieval System (ASRS)
  • Rooftop solar panels and rainwater harvesting
  • Approved by several Indian and global OEMs
  • Robust Safety & Disaster Management Systems

Certifications and Licenses:

  • VDA license by QMC Germany for AdBlue®
  • BIS Certification marks license as per IS17042:Part I:2020
  • ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016
  • NABL accredited QC lab with Standard ISO/IEC 17025:2017

Lubricants Capacity Expansion Plan:

  • Planned Capex: Rs. 55 Crores
  • Chennai: Current 50 million litres → Planned 100 million litres (Expected by Q3 FY27)
  • Silvassa: Current 90 million litres → Planned 140 million litres (Expected by Q4 FY27)
  • Total: Current 140 million litres → Planned 240 million litres (70% increase)
  • Capex spread over two years
  • Aligns with strategic growth objectives of 2-3x industry volume growth

E-Mobility & Other Synergy Businesses

EV Fluids:

  • Launched globally and in India in 2021
  • Formulated specifically for Hybrid and Fully EVs for optimal performance to help reduce CO2 emissions
  • Product basket: transmission lubricants, coolants, greases and brake fluids
  • Key strengths: Strong Brand Image, Access to OEMs, Good association with Construction/Infra companies, PAN India presence

AdBlue®:

  • Urea-based eco-friendly product for diesel vehicles, reducing NOx emissions and complying with BS-VI standards
  • Multi-fold growth in volume (KL)
  • Market positioned for high double-digit growth due to increasing emissions regulations
  • Emerged as leading supplier across entire country
  • Gulf Oil holds 20-25% market share
  • Growth strategy: Leveraging extensive distribution network and strategic partnerships with multiple OEMs

Battery Business:

  • Among top five players in replacement two-wheeler segment
  • Commands 2-3% market share in replacement market
  • Launched Gulf Pride quality batteries 7-8 years ago as extension to Gulf Pride Motor Cycle Oil brand
  • Leveraging lubricants retail distribution (~40% synergy)
  • Gulf Pride batteries features: VRLA technology, Superior cranking power ('Insta Start'), Low maintenance, Longer life
  • Distribution network: ~12,500 Retail Touch Points, 220 Distributors (40% Gulf Auto Distributors), 518 active Gulf Battery Service Points in India, 13 Service Engineers, Dedicated Service Team PAN India
  • Appointed Indian Cricketer Hardik Pandya as brand ambassador in 2018
  • Growth strategy: Improving service quality, Investing in branding, Localization, Leveraging lubricants retail distribution synergy