Tata Chemicals Q3 FY26: ₹35.50 Bn Revenue Amid ₹930 Mn Net Loss Soda Ash Pressures Persist

Tata Chemicals Ltd, a Tata Group flagship in basic/specialty chemicals, disclosed Q3 FY26 results on Feb 2, 2026, with consolidated revenue steady at ₹35.50 billion despite pricing headwinds. A ₹930 million net loss emerged from a ₹700 million UK asset impairment and US fixed cost spikes from outages.

Key Highlights

• Revenue: ₹35.50 billion consolidated from operations.
• ​Net Loss: ₹930 million, versus prior profits, due to one-time charges.
• Soda Ash Impact: Prices down amid China slowdown, EU flat demand (66% of sales).
• ​UK Writedown: ₹700 million non-cash on assets.
• ​Volumes Up: Higher soda ash, bicarbonate, salt production/sales vs Q3 FY25.
• ​Debt Rise: Gross ₹6,722 Cr (+₹810 Cr YoY); net ₹5,329 Cr.
• ​New Capacity: 70 KTPA pharma salt plant commissioned in UK.

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Soda ash, two-thirds of revenue, faced global price erosion due to China's slowdown and weak EU glass demand, though Asia/India grew. EBITDA margins compressed, but volumes hit records, aided by new UK pharma salt capacity.

Standalone, operations showed resilience with modest gains. MD R. Mukundan highlighted cost optimization and sustainability focus amid short-term challenges, eyeing long-term recovery via growth sectors. Shares dipped post-results; strategic debt management key ahead.
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Sources: MarketScreener, Business Standard, Tata Chemicals IR, Indian Chemical News