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Galaxy Surfactants has improved in the global logistics situation and a drop in raw material prices. In the backdrop of a muted volume growth outlook, we believe investors need to be guarded
Net Sales are expected to decrease by 5.7 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 590 crore, according to HDFC Securities.
Recovery in another important end market for the chemical industry, Indian FMCG, has aided higher earnings growth for Galaxy surfactants.
The company’s dominant market share, long term strategic partnership, R&D focus and sole focus on personal care end market makes it a defensive bet in the chemical industry.