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Galaxy Surfactants Revenue History — Quarter by Quarter

Galaxy Surfactants's revenue moved from ₹1,326 Cr in Q2 FY26 to ₹1,315 Cr in Q4 FY26, a -0.8% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹1,315 Cr	—
Q3 FY26	₹1,329 Cr	—
Q2 FY26	₹1,326 Cr	—

What management said about revenue

Q4 FY26 · Q1 FY27 volume growth at higher end of 6-8%

Management expects Q1 FY27 volume growth to be at the higher end of the 6-8% range, driven by India recovery, US revival, and AMET supply normalization.

Q4 FY26 · Q1 FY27 EBITDA per metric ton at higher end of ₹19,000-21,000

EBITDA per metric ton for Q1 FY27 is expected at the higher end of the ₹19,000-21,000 range, supported by volume growth and mix improvement.

Q4 FY26 · India volume growth of 8-10% possible if demand holds

India could return to 8-10% volume growth if monsoon and energy prices do not impact demand, but management remains cautious.

Q4 FY26 · No new growth capex in FY27

Management indicated no new growth capex commitments for FY27 beyond capitalizing work-in-progress and routine replacement capacities.

Q3 FY26 · India specialty volume growth to remain double-digit

Management expects double-digit volume growth in the specialty segment in India, supported by new product launches and customer approvals.

Q3 FY26 · New reformulation products to commercialize in Q4 FY26

Alternate formulations for key tier-1 customers are under approval and expected to start commercialization in Q4 FY26.

Q3 FY26 · US specialty pipeline projects to restart from late Q4

With tariff reduction, customer projects put on hold are expected to resume, contributing from late Q4 FY26 and Q1 FY27.

Q2 FY26 · Q3 FY26 volumes expected similar to Q2

Management expects Q3 volumes to remain at similar levels as Q2, with recovery only from Q4 FY26.