Tata Chemicals Reports Steady Performance In Q2FY26 Amid Weak Global Market
Tata Chemicals Limited has announced its financial results for the quarter and half-year ended September 30, 2025, demonstrating resilience in a challenging global pricing environment. Consolidated revenue for Q2FY26 stood at Rs 3,877 crore, reflecting a marginal decline of 3% from the previous year as the global soda ash market continues to experience oversupply and weak prices.
Mukundan, Managing Director and CEO of Tata Chemicals, noted that high inventory levels across major markets have continued to weigh on pricing. He said that although demand remains steady, the overall market is expected to stay range-bound in the medium term. Despite these pressures, he highlighted that Tata Chemicals’ standalone business posted strong results, aided by higher volumes and disciplined cost control. He also confirmed that the reconfiguration of the company’s UK operations is now complete, with a sharpened focus on value-added and non-cyclical product lines.
During the quarter, consolidated EBITDA stood at Rs 537 crore compared to Rs 618 crore in Q2FY25, mainly due to lower realizations. Profit After Tax before exceptional items and non-controlling interest was Rs 219 crore, as against Rs 267 crore last year. As of September 30, 2025, the company reported net debt of Rs 5,583 crore, excluding lease liabilities.
On a standalone basis, the company delivered a notable improvement. Revenue rose 19% year-on-year to Rs 1,204 crore, driven by increased domestic volumes. EBITDA surged 67% to Rs 240 crore, reflecting the impact of ongoing cost optimization. Profit After Tax from continuing operations was Rs 178 crore, marking an 80% increase compared to the same quarter last year.
For the first half of FY26, consolidated revenue stood at Rs 7,596 crore, slightly lower due to pricing pressure across key regions. EBITDA for the period was Rs 1,186 crore, while Profit After Tax before exceptional items reached Rs 535 crore, up from Rs 442 crore in the corresponding period of the previous fiscal. Standalone performance through H1FY26 also remained strong, supported by volume growth and improved operational efficiencies.
Tata Chemicals stated that it will continue focusing on strengthening its value-added product portfolio, enhancing cost competitiveness and maintaining operational discipline to navigate market uncertainties while positioning for long-term growth.
