Please find attached Transcript of Q4 FY 2026 Earnings call.
GALAXYSURF · price
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Galaxy Surfactants reported Q4 FY 2026 EBITDA of INR 122 crores versus INR 135 crores in Q4 FY 2025, with EBITDA per metric ton declining to INR 20,114 from INR 21,715. India delivered 8% volume growth driven by 27% specialty growth, while AMET region saw 15% volume decline due to Egypt logistics disruptions from the West Asia conflict. Americas showed improvement post tariff reversals with specialty pipeline reinitiation. Raw material prices (fatty alcohols, sulfur, ethylene oxide) rose significantly, creating supply challenges. Management guided Q1 FY 2027 volume growth at the higher end of 6%-8% range and EBITDA per metric ton at higher end of INR 19,000-21,000 band, but declined to provide full-year guidance citing geopolitical uncertainty. Specialty ingredients remain the growth driver with INR 480 crores capex deployed over 3 years, and the company targets INR 25,000/metric ton EBITDA by 2030 (back-loaded).
Near-term pressure on margins due to raw material inflation and supply disruptions, but sequential recovery expected from Q1 FY 2027 as Egypt operations normalize and Americas specialty gains traction. Management is confident in delivering at higher end of guidance ranges for Q1.