Tata Chemicals Limited — PPTs, 04-05-2026: Investor Presentation

**Business Performance:** Tata Chemicals Q4 FY26 consolidated revenue dropped to ₹3,438 Cr (-2% YoY), with full-year at ₹14,584 Cr (-2% YoY). Profitability hit hard: Q4 EBITDA at ₹274 Cr (-16% YoY), FY26 EBITDA ₹1,805 Cr (-8% YoY). Lower soda ash prices were the main culprit. A big ₹1,837 Cr impairment in US assets led to a Q4 net loss of ₹279 Cr. Bright spot: India ops grew volumes, non-soda ash revenue surged 14% to ₹6,946 Cr.

**Growth Drivers & Strategy:** Management is pushing to expand its non-cyclical specialty portfolio beyond soda ash. A solid balance sheet (debt-to-equity 0.36) is ready for organic & inorganic growth. ESG and sustainability are key pillars.

**Recent Developments:** New capacities in India (Soda Ash, Bi-carb) & UK (salt) are now adding volumes. The Lostock UK plant closure helped cut fixed costs. TCL completed a premium pharma Bi-carb plant acquisition in Singapore & commissioned new Silica/FOS L 55 capacities. Board declared ₹11/share dividend.

**Management Outlook:** Near-term global demand is seen as flat due to macro challenges & excess capacity. But sustainability trends (solar, EV) offer a positive long-term outlook. FY26 Capex was ₹1,205 Cr.