Galaxy Surfactants reports mixed H1 FY26 amid market turbulence

Galaxy Surfactants Limited announced its unaudited financial results for Q2 and H1 FY26, revealing a total revenue of ₹2,621.1 cr for the half-year, a 27.8% increase year-over-year. However, EBITDA for H1 FY26 declined by 5.4% year-over-year to ₹251.4 cr, and profit after tax (PAT) decreased by 11.2% year-over-year to ₹146.0 cr. This was attributed to short-term market turbulence, global tariff headwinds, and tactical reformulation in the performance segment.

Despite overall volumes remaining broadly flat year-over-year and quarter-over-quarter, the specialty segment delivered strong double-digit growth. Performance surfactant revenue reached ₹1,681.4 cr, while specialty care revenue stood at ₹939.7 cr for H1 FY26. Regionally, India experienced low single-digit growth year-over-year, AMET saw a mid single-digit decline, and ROW achieved high single-digit growth.

The company noted that raw material feedstock prices remained elevated, with fatty alcohol prices increasing to an average of $2,800/MT in Q2 FY26, up from $2,723/MT in Q1 FY26 and $1,926/MT in Q2 FY25. Galaxy Surfactants continues to implement robust risk management practices to manage volatility in raw material prices and currency.