• Q4 performance metrics: The company recorded 4% revenue growth and 17% overall growth despite a one-time loss, supported by an EBITDA margin of 13%. Lubricant volume growth reached nearly 14% in Q4 and 10.5% for the full year, outpacing industry growth by 3x.
• Segment-wise demand: Double-digit volume growth was achieved across all segments, including B2C categories like passenger car motor oil, motorcycle, and commercial vehicle lubricants, as well as B2B channels and OEMs.
• Supply chain resilience: In response to Middle East tensions and rising input costs, the company fortified its supply chain and maintained buffer stocks to secure supply across more than 40 OEMs and retail channels.
• Future growth outlook: Management expects to sustain a growth trajectory of 2 to 3 times the broader industry rate, though price stability will depend on developments in the regional conflict.