Mumbai-based Gulf Oil Lubricants India expects strong growth in FY26, even though currency movements are putting some pressure on margins. The company is confident about demand and its position in the market.

Speaking to CNBC-TV18, Chief Financial Officer Manish Gangwal said Gulf Oil continues to grow faster than the overall lubricant industry, which usually sees only slow growth. He remains positive that the company will finish the year with double-digit volumes and revenue growth.

“We grow usually 2 to 3 times, we maintain around high single digit to 10 to 12% volume growth for the year. That's what projection is for the full year,” he said.

In the July–September quarter (Q2FY26), Gulf Oil Lubricants India reported revenue of ₹966 crore, a profit of ₹84 crore, and operating margin

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