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HDFC Securities Report
Galaxy Surfactants’ Q2 revenue grew by 18/11% QoQ/YoY to Rs 7 billion, mainly due to a 22/10% QoQ/YoY growth in overall volumes.
Demand has recovered well for both segments: Performance Surfactants (+15% YoY) and Speciality Care (+2% YoY).
Total volumes grew by 22/10% QoQ/YoY to 63kT, owing to 13/15% QoQ/YoY growth in Performance Surfactants (66% of volume mix) volumes to 41kT and 39/2% QoQ/YoY growth in Speciality Care volumes to 22kT.
Growth was driven by both the segments across geographies in 2Q.
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