Transcript of audio recording of Post Earnings Call for Q2 & 1H FY 2026 held on 5 August 2026.

(castrol castrol.co.in 10 August 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 2Q & 1H 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 2Q & 1H FY 2026 with analysts/investors held on Wednesday, 5 August 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 → 2Q 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 2Q & 1H Earnings Conference Call” 05 August 2026 From 12.15 p.m. to 1.00 p.m. IST castrol MANAGEMENT (CASTROL INDIA LIMITED): MR. SAUGATA BASURAY – MANAGING DIRECTOR MS. MRINALINI SRINIVASAN – WHOLE TIME DIRECTOR & CHIEF FINANCIAL OFFICER (castrof Castrol India Limited August 05, 2026 5 August 2026 Moderator: Ladies and gentlemen, good day, and welcome to our 2Q and 1H Earnings Conference Call of Castrol India Limited. As a reminder, all participant lines will be in the listen-only mode and there'll be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. Also please note that this conference call may contain 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. Thank you, and over to you, sir. Saugata Basuray: Thank you, and good afternoon and Namaste to everyone. Thank you for joining Castrol India's analyst call for the second quarter and first half year ended 30th June 2026. As a reminder, we follow the calendar year for financial reporting. I'm joined today by my colleague Ms. Mrinalini Srinivasan, our Chief Financial Officer and Whole-time Director. Moving into the commentary for the quarter, we delivered another strong quarter with broad-based growth across our consumer, industrial, and institutional business. And this is in context of a very volatile operating environment marked by supply disruptions and commodity cost inflation. The performance reflects disciplined execution, the strength of our brands and the portfolio that we have, effective pricing and cost management, and the agility of our global sourcing network, which has really played out in this quarter. Page 2 of 21 (castrof Castrol India Limited August 05, 2026 5 August 2026 Our resilient supply chain and disciplined inventory planning helped us maintain uninterrupted customer supplies while balancing growth and margins. We also continue to invest behind our brands, innovate on distribution, customer relationships, and operational excellence, which strengthens both current performance as well as our long-term growth foundations. Let me highlight 5 areas that defined the quarter; broad-based growth; our consumer, industrial, and institutional business all performed well. In personal mobility, our power brand grew ahead of the rest of the business, supporting a healthier portfolio mix and demonstrating consumers' preference for high-performance lubricants. The industrial growth was supported by advanced solutions, reliable supplies, and an expansion in customer base. The second big theme for the quarter has been expanded reach. We maintain a national footprint of approximately 160,000 outlets. We expanded availability of our auto care range to 40,000 outlets and strengthened our service ecosystem with 34,000 independent motorcycle workshops and 16,000 car workshops. The Castrol-branded auto service, CAS, is now 850 strong. Our rural distribution continues to expand. We are now at about 45,000 outlets, and on that, we are now at 950 rural service express, which cater to bikes. The rural business continues to grow at double digits. We also sharpened execution in key urban clusters to strengthen our premium passenger car portfolio business. The third theme is innovation and localization. We expanded our fully synthetic range. We introduced premium variants in Castrol Activ. It's called Castrol Activ Synthetic 10W-30 and 5W- 30 visco metrics. We upgraded GTX 5W-30 to a fully synthetic product positioning, and introduced a full synthetic under GTX 0W-20. These are all focused on modern engines. We also advanced localization in our industrial portfolio by introducing Alusol SL 61 XBB. This is a specialized coolant used for demanding industrial applications. Page 3 of 21 (castrof Castrol India Limited August 05, 2026 5 August 2026 The third theme is brand and consumer engagement. So with Castrol Activ Fully Synthetic campaign, on the back of introduction of the products, we have reached over 150 million consumers. Our other premium brand in the motorcycle portfolio, POWER1, we have engaged with 10,000 bikers and strengthened our performance credentials for the brand, and that has played out as well in this quarter. Safety continues to be the bedrock of our performance and the way we work. Our Paharpur plant completed 9 years, and Silvassa 3 years, without any significant recordable incident. Silvassa plant also received the NAMC Gold Award, and Castrol India received a Special Jury Award for championing sustainable procurement practices. These actions reinforce our strategy, which is to broaden our distribution reach, focus on urban clusters to premiumize our portfolio, go deep into rural markets to tap into demand for motorcycle products, especially in agri, and build a strong services-led ecosystem, and we talked about our CAS network in that context. We continue to see meaningful headroom for growth in rural India. At the same time, we are also building capabilities for specialized EV fluids and working closely with OEMs, while recognizing that internal combustion engines and hybrids will remain the dominant part of India's vehicle park for the next many years. With that, I will hand over to my colleague Mrinalini to take you through the financial performance, the drivers of the quarter, and our perspective on the outlook for the rest of the year. Mrinalini, over to you. Mrinalini Srinivasan: Thank you, Saugata, and good afternoon, everyone. For the second quarter of FY26, revenue from operations was INR1,871 crores. This is 25% up year- on-year basis and 21% sequentially. EBITDA for the quarter was INR494 crores, an increase of 41% year-on-year and 41% sequentially. Profit after tax was INR348 crores, up 43% year-on-year and 44% sequentially. Page 4 of 21 (castrof Castrol India Limited August 05, 2026 5 August 2026 For the first half, revenue was INR3,417 crores, 17% year-on-year, and EBITDA was INR823 crores, up 25%. Profit after tax was INR590 crores, up 24%. This translates to an EBITDA margin of approximately 26% for the quarter and 24% for the fir [Showing first 8,000 characters — download PDF for full document]