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27 Years
4.4 Star
1 Crore +
Oil Marketing & Distribution company Gulf Oil Lubricants India announced Q1FY25 results:
- Q1 Revenues at Rs 885.07 crore, Up 9.04 % YoY
- Q1 EBITDA at Rs 116.24 crore, Up 25.28 % YoY
- Q1 PAT at Rs 88.02 crore, Up 28.88 % YoY
Commenting on the performance, Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India, said, “Our lubricants volume grew 2x the industry rate and it was evident across major segments, with the B2C and Industrial segment both doing well. This highlights our relentless efforts and reliable performance, setting industry benchmarks.We continue leveraging our strong brand association with CSK attracting enhanced brand visibility during IPL seasons. This season we launched a major campaign with CSK where innovatively CSK fans made ads instead of players and it garnered great response across India. By leveraging our association with our brand ambassadors Mahendra Singh Dhoni, Hardik Pandya and Smriti Mandhana, we increased our brand-building efforts through impactful campaigns across segments enhancing brand consideration and adopting a customer-centric approach.
Looking ahead, we aim to drive industry leading volume and revenue growth, generating more resources to invest in our brand and focus on premiumization.We remain confident in the medium to long-term potential of the Indian lubricants sector.With our strong brand, execution capabilities, extensive distribution network and strong relations with our OEM partners and B2B customers, we are well-positioned to capitalize on industry opportunities.For the next level of growth & success, we have embarked on theme “UNLOCK 2.0- Accelerate. Premiumize. Transform”. We foster a caring, agile, and empowering work environment that celebrates gender diversity, driving innovation, promoting equality, and enhancing organizational performance by leveraging a diverse and inclusive talent pool. We are also committed on capitalizing on opportunities in the EV value chain with our strategic investments in e-mobility space to transform and achieve significant growth in the next 4-5 years.”
Manish Gangwal, CFO, Gulf Oil Lubricants India Ltd commented “Our first-quarter performance reflects our continued actions towards sustainable and profitable growth. We delivered industry leading top-line and bottom-line growth with revenues higher by over 9% year-on-year in Q1 and PAT up 29% YoY. Emphasizing premium products across segments and effective input cost management, we achieved improvement in gross margins resulting in 25% growth in EBITDA at 13.13%.of revenue.
Going forward, in-spite of global uncertainties, we remain focussed on margin management through prudent cost controls and improved product/segment mix, enhancing profitability and maximizing shareholder returns. We continue to explore opportunities in EV space, which can be synergistic to our brand, distribution strengths catering to evolving needs of our existing and new customers/consumers “
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