The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 30.2% to ₹166 crore from ₹127.3 crore in the year-ago quarter. EBITDA margin remained unchanged at 12.5% compared with the corresponding period last year.
Gulf Oil Lubricants reported 17% year-on-year growth in lubricant volumes during the quarter despite the supply challenges arising from the West Asia crisis. The company delivered volume-led profitable growth, with revenue, EBITDA and profit increasing by more than 30% during the quarter.
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It said it maintained margin resilience despite unprecedented input cost inflation and pricing challenges. The company ensured uninterrupted supplies to customers, including original equipment manufacturers (OEMs), distributors and retailers, despite supply volatility triggered by the West Asia conflict.
Further, Gulf Oil Lubricants said the record date for determining shareholders’ entitlement for the final dividend for FY26 has been fixed as Friday, September 4, 2026.
The company’s board had recommended a final dividend of ₹30 per equity share, equivalent to 1,500% of the face value of ₹2 per share, subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
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Ravi Chawla, Managing Director and CEO, said, “We have commenced FY27 with strong momentum and record performance. Despite the West Asia crisis and a volatile macro environment, we continued to execute with focus and agility, resulting in strong volume-led profitable growth.
Lubricants volume grew 17% Y-o-Y during the quarter, supported by effective market execution and proactive customer engagement. Growth was all-round across our key business segments in B2C, OEM and B2B, with each delivering good double-digit volume growth.
We ensured uninterrupted supply and service levels across markets, enabling us to support all our customers, especially OEMs and B2B partners, consistently in times when raw material availability was constrained, while capitalising on new opportunities also. This further reinforced Gulf as a trusted and reliable partner, ensuring supply security even in challenging times.
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Looking ahead, we remain confident in the long-term growth potential across our segments and our ability to continue outperforming the industry. With a growing and diversified portfolio, strong partnerships, and the dedication of our teams, we are well positioned to navigate the uncertainties effectively and create long-term value for our stakeholders.”
Manish Gangwal, Whole-Time Director and CFO, said, “Our excellent Q1 results reflect the strength of our business fundamentals and disciplined execution in the toughest environment.
Strong volume growth that translated well into value growth and profitability, and continued focus on operational efficiency, enabled us to deliver our highest quarterly performance on all fronts in recent years despite unprecedented cost increases, pricing pressure and supply constraints.”
Shares of Gulf Oil Lubricants India Ltd ended at ₹1,114.00, up by ₹43.60, or 4.07%, on the BSE.
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