Shares of a leading and fastest-growing player in the lubricant and automotive product space surged nearly 5.2 percent on BSE to Rs. 1,230.05 on Tuesday, after announcing a strategic partnership with Nayara Energy to expand reach across India.
With a market cap of Rs. 5,943 crores, at 01:43 p.m., the shares of Gulf Oil Lubricants India Limited were trading in the green at Rs. 1,206.9, up by nearly 3.2 percent, as against its previous closing price of Rs. 1,170.15.
What’s the News:
Gulf Oil Lubricants India, as per the latest regulatory filings with the stock exchanges, announced a strategic partnership with Nayara Energy.
This collaboration will make Gulf’s complete automotive product range—including lubricants for two-wheelers, passenger cars, commercial vehicles, and agricultural vehicles—accessible through Nayara Energy’s extensive network of over 6,500 fuel retail outlets across India.
The three-year partnership aims to leverage Nayara Energy’s nationwide reach to enhance Gulf Oil’s brand presence and serve the growing automotive market, particularly along India’s expanding highway infrastructure.
As part of this collaboration, Gulf Oil’s AdBlue—a premium diesel exhaust fluid designed to reduce harmful emissions—will be the exclusive AdBlue product offered across Nayara Energy’s network.
Additionally, the partnership will introduce a specialized range of two-wheeler batteries, expanding the product offerings for both companies in a rapidly growing sector.
About the Partner Entity:
Nayara Energy is India’s largest private fuel retailer and an integrated downstream company with a strong presence across the hydrocarbon value chain, from refining to retail.
As a modern energy and petrochemical company, it plays a key role in delivering reliable and safe mobility solutions across the nation through its extensive network of over 6,500 retail outlets.
It has adopted a phase-wise asset development strategy and recently ventured into the petrochemicals sector, marking a significant milestone in its journey toward a crude-to-chemicals transformation.
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Financials:
Gulf Oil reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 7.7 percent, rising from Rs. 802 crores in Q2 FY24 to Rs. 864 crores in Q2 FY25.
Similarly, the company’s net profit increased from Rs. 74 crores to Rs. 83 crores over the same period, representing a growth of around 12.2 percent YoY.
EBITDA for Q2 FY25 also increased by about 6.6 percent YoY to Rs. 107.15 crores, up from Rs. 100.5 crores in Q2 FY24, with the EBITDA margin rising by 10 bps, from 12.52 percent to 12.62 percent.
Stock Performance:
The stock has delivered positive returns of nearly 65.4 percent in one year, as well as around 16.5 percent returns in the last six months. The shares of Gulf Oil Lubricants India have given positive returns of about 66.5 percent in the last months.
About the Company:
Gulf Oil Lubricants India Limited, part of the Hinduja Group and Gulf Oil International, is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants and synergy products.
The company is a leading player in India’s lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants, and has an extensive Pan India distribution network for B2C and tie-ups with around 40 OEMs, 1000+ industrial, infrastructure, and institutional clients for B2B and also exports to over 25 countries.
The company is also a leading manufacturer and marketer of the AdBlue product range, preferred by many automotive OEMs, and also holds a top 5 share in the 2-wheeler battery replacement segment.
Written by Shivani Singh
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