Gulf Oil has posted a 10% increase in its first-quarter profit after tax (PAT), reaching Rs 96.6 crore, signaling robust operational performance amid a competitive lubricants market. The growth was driven by higher sales volumes, strong brand positioning, and cost optimization initiatives. Revenue expansion, coupled with disciplined expense management, underpinned the improvement in profitability. Analysts note that Gulf Oil’s strategic focus on premium products, market penetration, and distribution network enhancement is helping sustain growth.