The Galaxy Surfactants stock has had a good start to 2021, with a 10 percent gain so far. U Shekhar, Founder Promoter and Managing Director of the company tell CNBC-TV18 how business is doing for them. He expects margins to remain stable.

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On raw material price increase, Shekhar said, “The raw material prices have surged significantly in the last about month, month and a half and also the freight rates have gone up by more than 5-6 times across the world and we have been able to pass it on to the customers.”

On-demand, for products he said, “With the disruption in the supply chain across the world daily supplies seems to be the priority as of today for customers. At this level certainly, the price increase have been absorbed by the customers. FMCG products, particularly for cleaning and sanitisations have maintained the tempo. In market, demand has been quite strong and quite buoyant.”

He also added that the company as of today are not opting for a PLI scheme but they would be happy to expand in its own existing premises.

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(Edited by : Ajay Vaishnav)