Prolonged reformulation impact
High fatty alcohol prices may persist, leading to continued reformulation by customers and volume loss beyond Q2.
GALAXYSURF / Q2-FY26 / risks
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Galaxy Surfactants · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
US tariff uncertainty and demand slowdown
US reciprocal tariffs (50%) are causing project delays and demand weakness; if sustained, could lead to permanent loss of business.
Egypt market erosion by local players
Intensified competition from backward-integrated local players in Egypt is causing continued volume decline in the AMET region.
GST destocking impact may extend
Inventory adjustments from GST rate rationalization may continue into Q3, delaying volume recovery in India.