Tata Chemicals Posts ₹3,438 Cr Q4 Revenue, Recommends ₹11 Dividend Amid Global Soda Ash Headwinds

• Consolidated revenue from operations for the quarter ended March 31, 2026 at ₹ 3,438 Cr and EBITDA at ₹ 274 Cr
• Mithapur facility (India) achieved production of 1 MTPA of Soda Ash in FY26
• Board recommends dividend of ₹ 11 per share

Tata Chemicals Limited today declared its financial results for the quarter and year ended March 31, 2026.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, said, "During Q4FY26 the global soda ash markets remained adequately supplied and the supply overhang continue to exert pressure on pricing. The challenging external environment amid ongoing geopolitical tensions in the Middle East led to uncertainty and limited visibility on any immediate change in market conditions.

Despite the challenging external environment, the Company's standalone performance has been supported by higher volumes and disciplined cost management, resulting in a resilient operating performance. Mithapur facility (India) achieved production of 1 MTPA of Soda Ash during FY26. However, the Company's consolidated performance has been sharply impacted by continuing unsustainable unremunerative prices across geographies particularly in Southeast Asia. In US, impairment charge of ₹ 1,837 Cr of goodwill & ₹ 182 Cr of deferred tax assets write-off recognized amidst the current soda ash export market conditions.

We successfully completed the acquisition of Novabay Pte. Limited, Singapore during the quarter, as announced earlier. This acquisition aligns with our strategy of expanding high-margin specialty chemicals and strengthening our presence in key global markets. It enhances our ability to offer differentiated, value-added solutions and supports our long-term growth agenda.

The Board also approved a ₹100 crore investment to debottleneck salt capacity at our Mithapur plant by 82,500 TPA. This will strengthen our core consumer products portfolio and support long-term, sustainable growth while meeting rising demand for high-quality iodised salt.

In the midst of a challenging and volatile operating environment, our focus remains resolutely on safeguarding margins, preserving cash flows, and maintaining a strong and resilient balance sheet. We are navigating this phase with prudence and disciplined capital deployment. These actions are aimed at reinforcing the Company's financial strength and positioning us to emerge from the current cycle with sustained stability and long-term value creation for our investors.

Consolidated Highlights Q4 FY26

• Revenue from operations at ₹ 3,438 Cr, down by 2% compared to Q4FY25, driven by lower realization (mainly due to lower exports from US), offset by higher volumes in India.
• EBITDA at ₹ 274 Cr as compared to ₹ 327 Cr in Q4FY25, mainly on account of subdued pricing across all geographies and increase in fixed cost (also due to steep depreciation of Indian Rupee) as compared to Q4FY25.
• An exceptional charge of ₹ 1,837 Cr is provided on account of impairment of goodwill in US & ₹159 Cr of deferred tax assets write off.
• Profit After Tax (before exceptional items and NCI) at ₹ (279) Cr compared to ₹ (12) Cr for Q4FY25.
• Net debt (without leases) as on March 31, 2026, stood at ₹ 5,961 Cr.
• 50 kT Electric calciner soda ash plant in Kenya was operationalized.
• Acquisition of Novabay Pte. Limited, Singapore completed on 19th March 2026.

Standalone Highlights Q4 FY26

• Revenue from operations stood at ₹ 1,254 Cr, up by 3% compared to Q4FY25 due to higher volumes.
• EBITDA at ₹ 216 Cr, down by 6% compared to Q4FY25, lower realization and increase in fixed costs.
• Profit After Tax from continuing operations was ₹ 48 Cr, down by 51% compared to Q4FY25.
• Mithapur Gujarat facility achieved production of 1 MTPA of Soda Ash in FY26.

Consolidated Highlights FY26

• Revenue from operations at ₹ 14,584 Cr, down by 2% compared to FY25, due to pricing pressure in all regions and lower volumes except India & Kenya.
• EBITDA at ₹ 1,805 Cr as compared to ₹ 1,953 Cr in FY25, on account of lower realization but supported by lower fixed cost (despite steep depreciation of Indian Rupee) including due to cessation of Lostock operations in UK.
• An exceptional charge of ₹ 1,956 Cr is provided on account of impairment of goodwill in US, impact of labour code in India and costs on account of UK Soda ash plant.
• ₹ 182 Cr of deferred tax assets write off in US.
• Profit After Tax (before exceptional items and NCI) at ₹ 241 Cr compared to ₹ 479 Cr for FY25.
• Non-Soda Ash revenue grown by 14% over FY25 in line with Company's focus to grow non-cyclical business.
• During the year, Pearl Silica facility with a capacity of 3,000 MTPA at Cuddalore, Tamil Nadu, and FOS L55 facility with a capacity of 4,500 MTPA at Mambattu were commissioned.
• 5 MW solar plant, Solar Pond and 50 kT Electric calciner soda ash plant in Kenya was operationalized.

Standalone Highlights FY26

• Revenue from operations stood at ₹ 4,831 Cr, up by 9% compared to FY25 due to higher volumes, however realisations impacted due to pricing conditions in markets.
• EBITDA at ₹ 954 Cr, up by 17% compared to FY25, effect of higher volumes and cost control measures taken.
• Profit After Tax (before exceptional items) from continuing operations was ₹ 620 Cr, up by 18% compared to FY25.

About Tata Chemicals Ltd.

A part of over US$ 180 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to Glass, Detergent, Industrial and Chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India Limited. Tata Chemicals has world class R&D facilities in Pune and Bangalore.
Website: https://www.tatachemicals.com

Statement of Consolidated Financial Results for the quarter and year ended 31 March, 2026

Particulars	Quarter ended 31 Mar 2026 (Audited)	Quarter ended 31 Dec 2025 (Unaudited)	Quarter ended 31 Mar 2025 (Audited)	Year ended 31 Mar 2026 (Audited)	Year ended 31 Mar 2025 (Audited)
a) Revenue from operations	3,438	3,550	3,509	14,584	14,887
b) Other income	44	38	42	316	225
Total income (1a + 1b)	3,482	3,588	3,551	14,900	15,112

Tata Chemicals Limited Consolidated Segment wise Revenue, Results, Assets and Liabilities
a. Basic chemistry products	2,933	2,887	3,037	11,521	12,080
b. Specialty products	505	667	472	3,076	2,815

Particulars	As at 31 Mar 2026	As at 31 Mar 2025
Property, plant and equipment	9,920	8,073
Capital work-in-progress	1,014	1,879

Sr.No.	Particulars	Q4FY26	Q3FY26	Q4FY25	FY26	FY25
1	Operating Margin (%)	(2.01%)	1.46%	0.97%	4.14%	5.58%