Galaxy Surfactants restart partial operations

Surfactants and speciality chemicals manufacturer, Galaxy Surfactants informed the bourses that it has partially resumed its operations.

Galaxy Surfactants in its press release stated that the company has partially resumed operations at its plants with effect from April 6, 2020. Nevertheless, the company supplies essential commodities including units engaged in manufacturing and distribution of sanitisers, soaps and detergents.

Earlier in its press release dated March 26, 2020, the company had declared about the temporary shutdown of all its operations.

Galaxy Surfactants is engaged in the manufacturing and marketing surfactants and speciality chemicals for personal and home care industry. The company produces a range of vital cosmetic ingredients, including active ingredients, ultra violet (UV) protection and functional products. Its products cater to various brands in the FMCG sector as well as skin care, hair care, oral care, body wash, sun care, household cleaners, and fabric care segments. The major customers of the company include Unilever, Reckitt Benckiser, P&G, L’oreal, Himalaya, Colgate Palmolive, CavinKare etc.

As of FY19, the revenue mix stood at 63 per cent from performance surfactants and 37 per cent from speciality care products. The company’s geographical mix stood at India-37 per cent, RoW-32 per cent and Africa Middle East Turkey (AMET) region- 31 per cent.

Today, the stock opened at Rs 1200 and jumped by 7 per cent to make an intraday high of Rs 1246.45 on BSE.