Galaxy Surfactants delivered strong H1FY26 revenue growth of 27.8% YoY to ₹2,604.1 Cr, with Q2 revenue up 24.8% YoY to ₹1,326.2 Cr.

However, overall volumes were broadly flat.

The Specialty segment showed strong double-digit growth, offsetting a high single-digit decline in the Performance segment.

Regionally, India volumes were flat (due to GST-led inventory adjustments), AMET declined, while ROW saw high single-digit growth from LATAM and APAC.

EBITDA for H1FY26 fell 5.4% YoY to ₹251.4 Cr, and Q2 EBITDA dropped 14.7% YoY to ₹116.3 Cr.

This was mainly due to global tariff headwinds, strategic product reformulations, and domestic volume adjustments.

Profit after tax (PAT) for H1FY26 decreased 11.2% YoY to ₹146.0 Cr.

Management is focused on tactical adjustments, operational agility, and portfolio strengthening for resilience.

They anticipate GST reforms in India to boost consumption medium-term and note robust growth from non-Tier 1 customers.

Raw material prices remain elevated, though freight costs eased.