Gulf Oil plans 70% capacity increase as Q1 profit rises 32%
Gulf Oil Lubricants India reported 30.6% revenue growth and 31.9% profit growth in Q1 FY27. Expansion at its Silvassa and Chennai facilities, due in Q3-Q4 FY27, is set to lift capacity nearly 70% as it scales premium lubricants, industrial products and EV-charging unit TAREX.
Gulf Oil Lubricants India reported strong Q1 FY27 growth, outpacing industry volumes. It is expanding Silvassa and Chennai capacity by nearly 70%, raising prices to protect margins, and scaling profitable EV-charging unit TAREX alongside premium lubricants, industrial products and data-centre cooling.
Why this matters
The expansion plan follows Gulf Oil’s Q1 FY27 earnings beat, which prompted Systematix to raise its target price to Rs 1,601, and a recent signal on its Q1 profit and revenue growth.
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