Gulf Oil Delivers Strong Performance; Management Highlights Timely Price Hikes & Supply-Side Agility
CNBC-TV18 · 30 Oct 2026 · 5 min
Management interview of Gulf Oil Lubricants India Ltd (GULFOILLUB), with 4 key numbers discussed.
- Manish Gangwal, CFO & Whole-Time Director, Gulf Oil Lubricants India Ltd
Gulf Oil delivered strong performance in Q2, with revenues growing 44%-46% and EBITDA surging nearly 37%. Management highlighted that volume growth was driven by double-digit expansion across OEM and industrial segments, alongside positive retail segment growth. Margins per liter were protected despite base oil inflation through timely price hikes and agile sourcing with long-term Southeast Asian contracts. With existing plants operating at nearly 100% capacity utilization, the ongoing capacity expansion will be completed by March to support growth for the next 3-4 years.