EBITDA fell 3.2% to Rs 141.5 crore in Q4 FY23 as compared with Rs 146.2 crore in Q4 FY22. EBITDA margin stood at 14.4% in Q4 FY23 as against 13.9% in Q4 FY22.

Total volumes stood at 57,866 million tons (MT) in Q4FY23 as against 57,511 MT in Q4FY22, up by 0.6% YoY.

Among geographies, the Indian market recorded a growth of 14.6% YoY. However, Rest of the world markets and Africa Middle East Turkey (AMET) markets de-grew 15.9% YoY and 2.5% YoY, respectively.

While performance surfactants volume rose 11.9% YoY to 39,625 MT, specialty care products volume declined 17.5% to 18,241 MT in Q4 FY23 over Q4 FY22.

EBITDA/MT stood at Rs 24,460 for Q4 FY23 as against Rs 25,412 in Q4FY22, a decline of 3.7% on a YoY basis.

On full year basis, the company's consolidated net profit jumped 45% to Rs 380.98 crore on 20.6% increase in revenue from operations to Rs 4,445.24 crore in FY23 over FY22.

U. Shekhar, managing director, Galaxy Surfactants, said, “The volume decline is a cause of concern, we do see the situation improving in FY24. The decline in raw material prices, freight rates and improved availability not only aided our performance in FY23 but shall also enable recovery in demand going ahead in FY24. The India story is here to stay, and we consciously believe this momentum shall continue for years to come.

The geopolitical headwinds and strengthening Dollar did impact consumption in Europe and Africa Middle East Turkey; but with the situation slowly but steadily improving on the ground, we see growth in these markets in the coming 1-2 Quarters. In addition, the uptick in premium consumption seen in India was a major positive for our Specialty as well as Performance Surfactants. This further aided our performance this year.

FY 2023-24 will be all about sustainable volume-led growth; capitalising on emerging trends through our innovations, growing our existing businesses sustainably and ensuring sustainable volume-led growth for both segments.”

Meanwhile, the board has recommended a final dividend of Rs 4 per equity share for FY23.

Galaxy Surfactants is leading manufacturers of performance surfactants and specialty care products with over 210+ product grades. These products are used in consumer-centric home and personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products etc