• FY27 Growth Target: Gulf Oil aims to maintain its momentum by growing volumes at 2 to 3 times the market rate of 3% to 4%, continuing its target of double-digit revenue growth for FY27.
• EBITDA Margin Guidance: The company is maintaining its EBITDA margin guidance band of 12% to 14% by passing through raw material cost increases on a per-liter basis and recalibrating operating costs.
• EV Business Outlook: EV charging subsidiary Tirex Transmission crossed ₹100 crore in turnover this year and is on track to reach ₹300 to 400 crore in topline over the next 2 to 3 years.
• Plant Capex Timelines: A total capex of ₹55 to 60 crore is on schedule, with the Chennai plant expansion expected to finish in Q3 and the Silvassa plant expansion in Q4 of the current financial year.
• M&A and Capital Allocation: Following a 72% dividend payout of ₹51 per share, the company is deploying its surplus cash to actively scout acquisition opportunities in EV segments, industrial lubricants, and greases.