Castrol India shares soar 6% today—here's how much the stock has gained in two years

Shares of Castrol India extended their upward momentum for the third consecutive session, rising nearly 6% to ₹205.39 on Thursday. The lubricant maker has been on a strong run since the start of the week, with its stock surging 9% in early trade on Tuesday, February 4, to touch a two-week high of ₹192.90. Investor optimism appears to be driven by the company’s strong December quarter and full-year financial performance, which was released on Monday.

Castrol India follows a January-to-December financial calendar. In the fourth quarter of 2024, covering October to December, the company registered revenue from operations of ₹1,354 crore, reflecting a 7% growth over ₹1,264 crore in the corresponding period of 2023. Profit before tax for the quarter stood at ₹371 crore, marking a 14% increase from ₹324 crore in the same quarter last year, while profit after tax grew 12% to ₹271 crore from ₹242 crore.

For the full year ended December 31, 2024, Castrol India reported revenue of ₹5,365 crore, recording a 6% increase from ₹5,075 crore in 2023. Profit before tax for the year rose to ₹1,258 crore, up 6% from ₹1,181 crore in the previous year, while profit after tax stood at ₹927 crore, reflecting a 7% growth from ₹864 crore in 2023.

Kedar Lele, Managing Director of Castrol India, described 2024 as a year of significant progress, highlighting the company’s innovations in key product categories and its expanding market reach. He noted that Castrol EDGE continued to set high standards for lubricants in high-performance cars, while CRB TURBOMAX+ CK4 delivered improved efficiency for India’s trucking fleet. In the industrial segment, the company made strides in rust protection with customized solutions.

Lele also pointed to the company’s growing presence in rural India, which now includes over 36,000 workshops and stores as part of a broader network exceeding 143,000 outlets across the country. He emphasized that making Castrol more accessible and affordable has been a key strategy, and the company intends to build on this momentum to bring more consumers into its network. Looking ahead to 2025, he said the company remains focused on delivering high-quality products and services, with a key milestone being the relaunch of ACTIV, its biggest brand, in the first quarter. Strengthening its footprint in rural India and introducing innovative service offerings will be top priorities for the year.

Castrol India’s stock has delivered strong returns consistently, rising from ₹112 per share in June 2022 to ₹190 currently, marking a 70% gain. A leading lubricant brand in India for over 115 years, Castrol India, part of the BP Group, operates three blending plants and has a nationwide distribution network spanning 150,000 retail outlets.