Castrol India Posts Highest-Ever Revenue in FY25; Volumes Rise 8%

Castrol India Limited on Tuesday reported its highest-ever annual revenue for FY25, supported by sustained volume growth for the eighth consecutive quarter, expansion of its industrial business and deeper penetration into rural markets.

The lubricant maker’s revenue from operations rose 7% year-on-year to ₹5,722 crore in the calendar year ended December 31, 2025, while EBITDA increased 5% to ₹1,348 crore. Volumes grew 8% during the year, led by the core automotive lubricants business, continued scale-up of industrial products and an expanded distribution network.

For the fourth quarter of 2025, revenue from operations grew 6% year-on-year to ₹1,440 crore, marking the company’s highest quarterly revenue in two decades. EBITDA for the quarter stood at ₹368 crore, down 2% year-on-year but up 14% sequentially, while volumes rose 8%.

The board has recommended a final dividend of ₹5.25 per share for FY25, subject to shareholder approval. Including the interim dividend, the total dividend for the year stands at ₹8.75 per share.

“FY25 has been a strong year for Castrol India, marked by sustained volume-led growth over the past eight quarters and gain in market share,” said Saugata Basuray, interim chief executive officer of Castrol India. He attributed the performance to disciplined execution of the company’s strategy, including scaling up the industrial business and expanding rural distribution, both of which delivered double-digit growth.

Basuray said the company managed operating margins amid a volatile environment while continuing to launch new products and strengthen relationships with original equipment manufacturers across the automotive sector.

Chief financial officer Mrinalini Srinivasan said record volumes and healthy cash generation enabled the company to consistently return value to shareholders while continuing to invest in brands, people and distribution. “The dividend recommended by the Board reflects both the year we’ve just closed and our confidence in the fundamentals of the business,” she said.

Looking ahead, the company expects India’s mobility landscape to evolve gradually, with internal combustion and hybrid engines continuing to dominate even as newer technologies gain traction. Castrol India said it remains focused on strengthening its core portfolio, accelerating supply chain localisation and expanding into adjacencies, while managing competitive pressures and volatility in raw material costs and currency movements.

During FY25, Castrol India launched and localised close to 20 products across automotive, industrial and specialty segments, including new offerings under Castrol MAGNATEC, POWER1, Hysol, Alusol, Spheerol, Radicool and Transmax brands. The company also expanded its auto care portfolio and upgraded products to meet the latest API specifications.

Its brand campaigns reached over 300 million consumers and trade audiences during the year, while its national distribution network expanded to about 150,000 outlets. Rural distribution grew to around 40,000 outlets, supported by approximately 500 Rural Service Express centres.

Castrol India also strengthened its service footprint with over 750 Castrol Auto Service centres and partnerships with Triumph Motorcycles and VinFast Auto India, and continued its sustainability and community initiatives, including the introduction of RRBO-based engine oils and expanded road safety training programmes for truck drivers.