• Q1 financial performance: Revenue grew 9% and volume increased 8%, marking the 12th consecutive quarter of volume growth outpacing the market, while EBITDA margins stayed within the guided 21% to 24% range.
• Rural and industrial expansion: Castrol is expanding direct distribution into feeder villages with populations of 15,000 to 20,000 to tap personal mobility growth, while its industrial segment added over 600 customers and delivered double-digit growth.
• Cost pressure mitigation: To counter rising raw material prices and currency volatility stemming from the Middle East crisis, the company is relying on product reformulation, targeted investments, and supply chain resilience alongside pricing levers.
• Full-year margin guidance: Management reaffirmed its full-year EBITDA margin guidance of 21% to 24% despite crude volatility, while confirming the pending Stonepeak-BP transaction has not altered its day-to-day operating model.