Galaxy Surfactants Limited has informed the Exchange about Transcript
GALAXYSURF · price
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Galaxy Surfactants reported Q1 FY26 consolidated volume growth of 5% YoY and 9% QoQ, evenly split between Performance and Specialty segments. EBITDA rose ~4.5% YoY to INR135 crores, with EBITDA per metric ton steady at INR20,000 vs INR20,200 last year. India grew 3% YoY in volumes (15% QoQ), AMET was flat, while Rest of World surged ~16% YoY led by LATAM and APAC. Management highlighted ongoing margin pressure from elevated feedstock prices and tariff uncertainty in North America affecting the Tri-K and Premium Specialty business. The company anticipates feedstock correction, which could revive demand in India and restore margins. FY26 capex guided at INR120–150 crores for regular debottlenecking. Volume growth guidance for FY26 remains in the 4–6% range, with Vision 2030 targets of 2x volume and 2.5x EBITDA unchanged.
Near-term sentiment is mixed — strong Rest of World growth is offset by US tariff worries and margin squeeze from sticky raw material costs. Shareholders should watch for feedstock price correction and clarity on US tariffs, both of which are key to margin recovery in H2 FY26.