Gulf Oil Lubricants India Ltd (BOM:538567)

Q2 2025 Gulf Oil Lubricants India Ltd Earnings Call Transcript

Nov 07, 2024 / 10:00AM GMT

Release Date Price: ₹1220.55 (-3.35%)

Transcript

Key Points

Positve

Gulf Oil Lubricants India Ltd (BOM:538567) reported a strong quarter with a 9% volume growth, outperforming the market growth of 3% to 4%.
The company achieved double-digit growth in the motorcycle category and agri channel retail segments.
The B2B segment experienced high double-digit growth, contributing positively to the overall performance.
A successful 360-degree marketing campaign, 'The Unstoppable', featuring prominent brand ambassadors, boosted brand visibility and consumer engagement.
Exports have grown significantly, now contributing 6% to 7% of the total portfolio, up from previous quarters.

Negative

There was a slight decline in AdBlue volumes due to seasonal impacts and overall consumption slowness.
Increased A&P expenses due to the mega campaign 'The Unstoppable' impacted margins, with a 40-50 basis points elevation in costs.
Higher inventory levels led to an increase in debt, attributed to pre-buying due to refinery shutdowns.
The AdBlue realization per liter decreased from INR50 to INR45, affecting margins.
The Tirex business, while growing, reported a loss in the second quarter, indicating ongoing challenges in achieving profitability.

Operator

Ladies and gentlemen, welcome to the Q2 FY25 results conference call of Gulf Oil Lubricants India Limited, hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded.

I would now like to hand the conference over to Mr. Harsh Maru from Emkay Global Financial Services. Thank you and over to you, sir.

Harsh Maru

Emkay Global Financial Services - Analyst

Yeah. Thank you. So on behalf of Emkay Global Financial Services, we welcome you all to the 2Q FY25 earnings conference call of Gulf Oil Lubricants India Limited. From the management side, we have Mr. Ravi Chawla, Managing Director and CEO; and Mr. Manish Kumar Gangwal, CFO.

So I will now hand the conference over to the management for their opening remarks, followed by the Q&A session. Thank you.

Ravi Chawla

Gulf Oil Lubricants India Ltd - Chief Executive Officer, Managing Director, Director

Thank you. Morning, afternoon, and good evening, everyone. Welcome to the quarter two call for

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