Castrol India (500870) Q2 2026 earnings summary

Executive summary

• Achieved strong growth in Q2 and H1 2026 across consumer, industrial, and institutional segments, with revenue for Q2 2026 rising 25% year-over-year to ₹1,871 crore, EBITDA up 41% to ₹494 crore, and PAT up 43% to ₹348 crore, despite volatile supply and commodity costs.

• Maintained uninterrupted customer supplies through resilient supply chain and disciplined inventory planning.

• Expanded distribution, especially in rural markets, and launched new synthetic lubricant products, with the network reaching 160,000 outlets and rural reach at 45,000 outlets.

• Continued investment in brand, innovation, and operational excellence, with notable safety and sustainability recognitions and major brand engagement campaigns.

• Interim dividend of ₹6.25 per share declared, to be paid by 2 September 2026.

Financial highlights

• Q2 2026 revenue: INR 1,871 crores, up 25% year-over-year and 21% sequentially; EBITDA: INR 494 crores, up 41% year-over-year and sequentially; EBITDA margin 26.4%; PAT: INR 348 crores, up 43% year-over-year and 44% sequentially.

• H1 2026 revenue: INR 3,417 crores, up 17% year-over-year; EBITDA: INR 823 crores, up 25%; PAT: INR 590 crores, up 24% year-over-year.

• EPS for Q2 2026: ₹3.51; for H1 2026: ₹5.96.

• Cash and cash equivalents at 30 June 2026: ₹492.28 crore, up from ₹426.62 crore at year-end 2025.

• Operating cash flow for H1 2026: ₹308.13 crore.

Outlook and guidance

• Anticipates more visible impact of commodity and feedstock inflation in Q3 2026 and remains cautious due to inflationary pressures, uneven monsoon, and commodity volatility.

• Focused on disciplined execution, cost management, and sustained investment in competitiveness, brands, distribution expansion, and customer relationships.