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 Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Infrastructure Urban

11 Mar 2026

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

Infrastructure Urban

11 Mar 2026

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..