Gulf Oil Q2 Revenue Up 44%, PAT Rises 34%

Q2 FY27 Performance:

Revenue from Operations: ₹1,379 Crores (vs. ₹957 Crores in Q2 FY26), growth of 44% YoY
EBITDA: ₹163 Crores (vs. ₹118 Crores in Q2 FY26), growth of 37% YoY
EBITDA Margin: 11.8% (vs. 12.4% in Q2 FY26), contraction of 58 basis points
PAT: ₹117 Crores (vs. ₹87 Crores in Q2 FY26), growth of 34% YoY
EPS: ₹23.65 (not annualized)

H1 FY27 Performance:

Revenue from Operations: ₹2,700 Crores (vs. ₹1,953 Crores in H1 FY26), growth of 38% YoY
EBITDA: ₹333 Crores (vs. ₹245 Crores in H1 FY26), growth of 36% YoY
EBITDA Margin: 12.3% (vs. 12.5% in H1 FY26), contraction of 21 basis points
PAT: ₹245 Crores (vs. ₹184 Crores in H1 FY26), growth of 33% YoY
EPS: ₹49.41 (not annualized)

Volume and Market Performance:

Lubricants volume growth of 16% year-on-year despite challenging market conditions
Strong performance achieved amid West Asia supply crisis and unprecedented input cost inflation
Agility in execution, strategic pricing interventions, and effective opportunity conversion supported customer acquisition

Segment Performance:

OEM Franchise Workshop (FWS) delivered high double-digit growth driven by Agri and CVO segments
OEM Factory fill delivered excellent double-digit growth across categories
B2B Industrial, Infrastructure, and Mining segments delivered strong double-digit growth, supported by strong customer reach and new customer additions
Marine segment continued to support volume growth
E-mobility subsidiary Tirex expanded presence across OEM, CPOs and fleet segments with new customer additions, delivering 78% revenue growth during the quarter

Sustainability Initiatives:

Chennai plant awarded IGBC Platinum Certification, underscoring the Company's commitment to sustainability
Afforestation and Water Stewardship Project at SRPF Training Centre in Navneej, Maharashtra entered its third year
Received recognition from Maharashtra Police for meaningful contribution to local environmental initiatives

Marketing Updates:

Gulf Pride unveiled new brand platform "Kuch Behad Kar" featuring MS Dhoni
Campaign positioned as one of the biggest marketing campaigns for the company
New positioning speaks to generation of young Indians whose ambition isn't defined by resources
Campaign features central insight: "Sapna CC dekh kar nahi aata"
360-degree campaign spanning TV, digital, social, retail and on-ground activations across India
Gulf Pride formulated with Oxybitor technology to deliver superior pick-up and engine performance

Mr. Ravi Chawla, Managing Director & CEO:

Q2 was testament to agility amid continued challenging environment
Delivered industry leading 16% lubricants volume growth despite elevated input costs and monsoon quarter
Performance underpinned by distribution expansion in B2C
Strong market execution and continued customer engagement in OEM and B2B segments led to high-double digit growth
Investment in brand, mechanic engagement, and BTL activities continued with greater vigour
Focus on premiumisation as part of strategy continues to gain momentum
Priorities remain: profitable growth, operational excellence and long-term value creation
Confident to continue outperforming industry supported by diversified portfolio, strong partnerships, brand strength
Focus on transformation with premiumization and building capabilities into broader mobility solutions

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

Continued strong growth momentum with 44% Y-o-Y gain in revenue
Strong volume growth in quarter marked by continued volatility
West Asia crisis kept key raw material prices significantly elevated
Timely pricing interventions and effective sourcing helped manage per litre margin band
Focus on gaining market share across segments
37% growth in EBITDA during quarter supported by strong volume growth and calibrated pricing actions
H1 revenue reached ₹2,700 crore, registering 38% growth
Focus on strategic sourcing, supply-chain efficiencies, product portfolio optimisation and operational excellence to manage cost pressures
Confident in long-term growth opportunities
Committed to executing strategy with focus on profitable growth, margin resilience and sustained value creation

Gulf Oil Lubricants India Limited (GOLIL) is part of the Hinduja Group
One of India's leading lubricant, mobility and fluid solutions companies
Comprehensive portfolio of automotive and industrial lubricants, AdBlue, EV fluids and mobility solutions
Serves passenger vehicles, commercial vehicles, industrial customers and OEM partners
Strong portfolio of trusted brands
Extensive pan-India distribution network
Over 50 OEM partnerships
Exports to over 25 countries
Growing presence across emerging mobility solutions
Expanding presence in EV charging infrastructure through affiliates Tirex, Indra Renewables and TechPerspect (brand - ElectreeFi)
Globally operates in over 100 countries across five continents
Offers over 400 performance lubricants and associated products
Brand associations with Mahendra Singh Dhoni, Hardik Pandya, Smriti Mandhana
Partnerships with Chennai Super Kings, Atlassian Williams F1 Team, Trackhouse MotoGP Team