Galaxy Surfactants Reports Steady Q2 Amid Market Volatility

14 Nov 2025 CW Team

Managing Director K. Natarajan said Q2FY26 volumes were largely flat on both a year-on-year and quarter-on-quarter basis, reflecting short-term turbulence across markets. Strong double-digit growth in the Specialty segment helped offset a higher single-digit decline in the Performance segment.

In India, domestic performance faced temporary challenges. Volumes were flat year-on-year and quarter-on-quarter as GST rate cuts on FMCG products prompted inventory recalibration among large players. Elevated feedstock prices also led some customers to reformulate their products, weighing on the Performance segment. Despite this, non-Tier 1 customers posted healthy growth on both comparisons, helping cushion the softness among Tier-1 customers. Natarajan added that GST reforms should unlock medium-term consumption upside.

In the AMET region, volumes recorded a modest decline, with single-digit sequential and higher single-digit annual drops. This was mainly due to Tier-1 share erosion in Egypt amid intensified local competition.

The Rest-of-World segment continued its strong growth trajectory, driven by LATAM and APAC, both of which delivered double-digit year-on-year gains across Performance and Specialty segments. North America, however, faced pressure from reciprocal tariffs that impacted specialty care margins, particularly in the masstige category, although prestige-tier products from Tri-K continued to perform well.

Supply-side conditions showed mixed patterns. Freight costs eased, but shipment delays persisted due to port congestion and blank sailings. Raw material availability improved slightly, yet feedstock prices remained elevated owing to lower-than-expected palm kernel oil output.

Natarajan said that navigating the current environment requires sharpening strategic focus through tactical adjustments, enhanced operational agility, and portfolio fortification to ensure resilience and long-term market relevance.

Galaxy Surfactants Limited, a leading producer of performance surfactants and specialty care ingredients with more than 215 product grades for the home and personal care sector, has released its financial results for the quarter and half year ended 30 September 2025. Managing Director K. Natarajan said Q2FY26 volumes were largely flat on both a year-on-year and quarter-on-quarter basis, reflecting short-term turbulence across markets. Strong double-digit growth in the Specialty segment helped offset a higher single-digit decline in the Performance segment. In India, domestic performance faced temporary challenges. Volumes were flat year-on-year and quarter-on-quarter as GST rate cuts on FMCG products prompted inventory recalibration among large players. Elevated feedstock prices also led some customers to reformulate their products, weighing on the Performance segment. Despite this, non-Tier 1 customers posted healthy growth on both comparisons, helping cushion the softness among Tier-1 customers. Natarajan added that GST reforms should unlock medium-term consumption upside. In the AMET region, volumes recorded a modest decline, with single-digit sequential and higher single-digit annual drops. This was mainly due to Tier-1 share erosion in Egypt amid intensified local competition. The Rest-of-World segment continued its strong growth trajectory, driven by LATAM and APAC, both of which delivered double-digit year-on-year gains across Performance and Specialty segments. North America, however, faced pressure from reciprocal tariffs that impacted specialty care margins, particularly in the masstige category, although prestige-tier products from Tri-K continued to perform well. Supply-side conditions showed mixed patterns. Freight costs eased, but shipment delays persisted due to port congestion and blank sailings. Raw material availability improved slightly, yet feedstock prices remained elevated owing to lower-than-expected palm kernel oil output. Natarajan said that navigating the current environment requires sharpening strategic focus through tactical adjustments, enhanced operational agility, and portfolio fortification to ensure resilience and long-term market relevance.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Infrastructure Transport

12 Jan 2026

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Infrastructure Transport

12 Jan 2026

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..