Analysts/Institutional Investor Meet/Con. Call Updates

(castrol castrol.co.in 29 October 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra East, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500870 Scrip Symbol: CASTROLIND Dear Sir/Madam, Sub.: Transcript of audio recording of the Post Earnings Call for 3Q & 9M FY 2026. Pursuant to Regulation 30 and 46 read with Para A Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the audio recording of the Company's post earnings call for 3Q & 9M FY 2026 with analysts/investors held on Monday, 26 October 2026 is enclosed. The same is also available on the website of the Company and can be accessed on the following link: https://www.castrol.com/en_in/india/home/investors/information-for-shareholders.html under Investor Call Details → 2026 → 3Q FY 2026. Kindly take the same on record. Thank You. Yours faithfully, For Castrol India Limited Hemangi Ghag Company Secretary & Compliance Officer Encl.: A/a Registered address: Castrol India Limited CIN: L23200MH1979PLC021359 Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai – 400093 Tel: +91 22 7177 7111/ Fax: +91 22 6698 4101 Customer Service Toll Free No: 1800222100 / 18002098100 (castrot “Castrol India Limited 3Q and 9M Earnings Conference Call” October 26, 2026 (castrof MANAGEMENT (CASTROL INDIA LIMITED): MR. SAUGATA BASURAY – MANAGING DIRECTOR– MS. MRINALINI SRINIVASAN – WHOLE TIME DIRECTOR & CHIEF FINANCIAL OFFICER (castrof Castrol India Limited October 26, 2026 Moderator: Ladies and gentlemen, welcome to our 3Q and 9M Earnings Conference Call for Castrol India Limited. Please note that all participant lines will be in the listen-only mode and you can ask your questions after the opening statements. If you need assistance during the call, please press star then zero on your touchtone phone to reach the operator. Please note that this call is being recorded. Also, please note that this conference call may contain certain forward-looking statements, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. We have with us today Mr. Saugata Basuray, Managing Director, Castrol India Limited; and Ms. Mrinalini Srinivasan, Chief Financial Officer, Castrol India Limited. I now hand the conference over to Mr. Basuray for his opening remarks. Thank you, and over to you, sir. Saugata Basuray: Thank you, and good afternoon, and Namaskar to everyone. Thank you for joining Castrol India's analyst call for the third quarter and 9 months ended 30th September 2026. As a reminder, we follow the calendar year for financial reporting. I'm joined today by my colleague, Mrinalini Srinivasan, our Chief Financial Officer and Whole-Time Director. In a quarter marked by a sharp rise in raw material costs and adverse currency movements, we delivered a resilient performance with revenue up 27% year-on-year. While third quarter profits were down 23% year-on-year. Over the 9 months revenue has grown by 20% to INR 5,151 crores. EBITDA is up by 11% and profit after tax has risen by 9%. As we flagged in our last call, the increase in input costs flowed through in the third quarter. The pricing actions that we took early in the year in anticipation of the raw material inflation helped moderate the impact on margins, and we have held market share across categories. I would add that our business should not be read sequentially as the second quarter is traditionally our strongest quarter, driven by seasonal demand from agriculture and associated movement of goods, which we catch up in the freight and commercial vehicle business. We are focused on recovering margins and investing in our growth engines. Even as we manage near- term cost pressures, we kept investing in our infrastructure in rural India, building out the industrial business, which delivered another quarter of double-digit volume growth. So let me just highlight 5 areas that define our quarter. The first is about distribution reach. We expanded our national footprint to approximately 167,000 outlets, including 46,000 of those outlets, which are in rural small town India. Auto Care, which is an adjacent business that we introduced a few years back is now available across 50,000 physical stores, is doing very well on e-commerce and modern trade. Page 2 of 15 (castrof Castrol India Limited October 26, 2026 Our service ecosystem now includes about 870 Castrol Auto Service centers, 37,000 independent bike workshops and 16,000 multi-brand workshops. While our Rural Service Express has expanded to over 1,000 locations. Customer growth in the industrial business has been strong. This business continues to grow double digits. In the full year and9 months that has followed, we have added close to 400 customers net, and that helped us generate new business as well as drive the top line growth. We have also launched Magna CTX, a range of circulating oils designed for demanding industrial lubricant applications. We have also localized a lot of our products, and this is in pursuit of getting better control on our raw material costs. We have brought along new products such as Hysol 35 XBB, and Hysol 61 XBB, boron-free metalworking fluids which is designed for industrial machines. On the brand side, we strengthened Castrol MAGNATEC proposition of non-stop protection even before you start, highlighting how the molecules inside this product protect critical engine parts. Meanwhile, our "Freedom to Ride" community program for bikers continues to move across cities: Mumbai, Pune and Hyderabad in the quarter that went by. Our Super Mechanics program celebrates the graduation-day of mechanics who have received certification and training. They've been certified by ASDC, India's first sector skill council for the automotive industry. Fast Scan platform has now got verified mechanics, mechanics who have confirmed their identity to Castrol, which is up almost 100,000 to 180,000, which is 24% more than last year at the same time. We showcase our industrial lubricants business and our heavy-duty solutions across various platforms, such as CONEXPO and bauma, alongside large machine tool and industrial exhibition customers. We also had some accolades in this particular quarter. Noteworthy on them was a ET Brand Equity Award. We were also ranked in the top 10 Supply Chain Planning Champions and placed seventh in Supply Chain Excellence by the Institute of Supply Chain Management. Our Silvassa and Paharpur facilities won Gold at the regional chapter of the Convention of Quality Concepts, recognizing improvements in operational efficiency and manufacturing. These actions reinforce our strategy, premiumize the portfolio, go deep in distribution, urban and rural markets, build a strong service ecosystem and prepare for the future of mobility. We continue to see meaningful headroom for growth in rural India. And our long-term ambition is to evolve from a lubricants company into a broader mobility solutions and maintenance partner. Our industrial business is a growing part of the story. Its double-digit volume growth this quarter, together with new customer addition across sectors, reflects the strength of our technical expertise, our advanced solutions and the trust of customers placed on us. Page 3 of 15 (castrof Castrol India Limited October 26, 2026 With that, I will hand over to Mrinalini to take you through the financial performance, the drivers of the quarter and our perspective on what comes next. Mrinalini, over to you. Mrinalini Srinivasan: Thank you, Saugata, and good afternoon, everyone. For the third quarter of 2026, revenue from operations was INR1,735 crores, up 27% year-on-year, down 7% sequentially. EBITDA was INR262 crores, down 19% year-on-y [Showing first 8,000 characters — download PDF for full document]