Gulf Oil Lubricants India Ltd, part of the Hinduja Group, posted its highest-ever quarterly volume, revenue, and EBITDA in Q1 FY26, with consolidated revenue rising 13.69% year-on-year to ₹1,016.45 crore. Consolidated profit after tax (PAT) increased 12.90% to ₹95.17 crore, while earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 12.29% to ₹127.39 crore. EBITDA margin stood at 12.53%, down 16 basis points from a year earlier.
Standalone revenue increased 12.57% to ₹996.36 crore, while PAT rose 9.81% to ₹96.66 crore. Standalone EBITDA grew 8.89% to ₹126.58 crore, with a margin of 12.70%, down 43 bps.
The company said it achieved double-digit volume growth of 11% during the quarter, over three times the industry growth rate. The Motorcycle Oil (MCO) category in the B2C segment led performance, supported by a marketing campaign, new pack introductions, and on-ground activations for its Pride relaunch featuring upgraded API-SP specifications. While OEM factory fill volumes were flat due to subdued vehicle sales, OEM franchise workshops delivered high double-digit growth across categories, particularly in agricultural equipment.
In the B2B segment, the industrial and infrastructure categories recorded double-digit growth, supported by new customer acquisitions, with strong contributions from the metals and infrastructure sectors. Distribution expansion and rural market gains also contributed to the performance.
GOLIL’s EV charger subsidiary, Tirex, in which the company holds a 51% stake, reported revenue of ₹24 crore for the quarter, up over 163% YoY. Growth came from both existing customers scaling up deployments and new customer wins. Tirex is expanding into ultra-fast DC chargers to serve a broader customer base.
Marketing initiatives during the quarter included the amplification of the Gulf Pride range in the MCO category, featuring upgraded specifications that deliver up to a 10,000 km drain interval and 40% enhanced engine protection. The campaign included meet-and-greet events with Chennai Super Kings (CSK) players and the Gulf Partners League, reinforcing the company’s 14-year association with CSK.
The board approved a ₹55 crore capital expenditure plan to expand production capacity by 70% to 240 million litres over the next two years. The Silvassa plant’s capacity will increase from 90 million litres to 140 million litres, and the Chennai plant’s from 50 million litres to 100 million litres. The company said the expansion aligns with its target to grow at two to three times the industry rate.
During FY25, GOLIL delivered total volumes of 152 million litres, growing in the high single digits. With Q1 FY26’s double-digit growth, the company said additional capacity will be critical to meeting future demand.
Sustainability initiatives included achieving ISO 14021 certification for post-consumer recycled plastic management and operating both Chennai and Silvassa plants at full rooftop solar capacity. The Silvassa plant received the IGBC Platinum Certification for sustainability.
Awards during the quarter included the Gold Award for the FY24 annual report at the LACP Vision Awards, a Technical Achievement Award, and a Gold Award for Superlative Performance in Agility from Ashok Leyland.
GOLIL manufactures and markets automotive and industrial lubricants, AdBlue® products, and holds a top-five share in India’s two-wheeler battery replacement market. It operates R&D and manufacturing facilities in Silvassa and Chennai and exports to over 25 countries. The company has also invested in EV charging and mobility technology companies including Tirex, Indra Technologies, and TechPerspect.
