Motul India targets 13-14% growth in FY27, defying 1% industry slowdown

Motul India is guiding for ₹1,220-1,250 crore revenue in FY27, adding ~₹200 crore even as the ₹25,000-30,000 crore lubricant industry slows to 1% growth. Plans include scaling 1,000+ rural distributors, premium oils, and launching motorcycle brand IPONE to claim No. 2 aftermarket position by FY30.

— FiledThu, 14 May, 2026, 10:11 IST·First seen Thu, 14 May, 2026, 10:22 IST·Source The Hindu BusinessLine

What happened

Motul India targets 13-14% growth and ~₹1,220 crore revenue in FY27, outpacing a slowing 1% lubricant industry. Aims for double-digit aftermarket share, No. 2

Key facts

  • 13-14% growth FY27
  • ₹200 crore additional revenue
  • ₹1,220-1,250 crore FY27 revenue
  • ₹1,080-1,100 crore FY26
  • ₹25,000-30,000 crore industry size
  • 1% industry growth FY27
  • 15% CAGR 4 years
  • 320 distributors
  • 1,000+ rural distributors
  • 10-11% rural share
  • 50% input cost rise

Why this matters

Motul's IPONE motorcycle brand entry and aggressive rural expansion telegraph a consolidation window in Indian lubricants where smaller regional players become attractive tuck-in targets.