Revenue from operations of the Tata Group company declined 1.11 percent to Rs 3,550 crore during the quarter under review, compared to Rs 3,590 crore in the same period of the previous year.”Soda ash markets remain oversupplied, with high inventory levels in most regions. Prices have softened further in the third quarter of 2026, reflecting unfavorable supply-demand dynamics. As a result, the near-term outlook for the soda ash market remains subdued and uncertain, with limited visibility of any immediate improvement,” said Tata Chemicals Managing Director and CEO R Mukundan.
He said that despite these headwinds, the company’s organic performance was supported by higher volumes and disciplined cost management, resulting in resilient operating performance.
The reconfiguration of the UK business has been completed, with a strategic shift towards non-cyclical value-added products, which enhance business stability, he said.
However, the company’s consolidated performance has been significantly affected by continued unsustainably low prices in export markets, especially in Southeast Asia, he added. “The acquisition of Novabay Pte. Limited, announced during the quarter, is well aligned with our strategy to focus on high-margin specialty chemicals businesses and deepen our presence in key global markets. It enhances our ability to provide differentiated solutions to customers while strengthening Tata Chemicals’ long-term growth agenda in value-added products. The transaction is expected to close in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions,” said him.
Meanwhile, the company’s board of directors approved an investment of Rs 515 crore to set up a greenfield manufacturing facility for iodized vacuum salt dried (IVSD) at Valinokkam in Tamil Nadu.
“The proposed facility will have a capacity of 210 kilotonnes per annum (KTPA). This investment underlines our continued commitment to strengthening our core portfolio of consumer products and expanding our manufacturing footprint in India. The proposed facility will enhance our ability to meet the growing demand for high-quality iodised salt while supporting long-term sustainable growth,” Mukundan said.
He said that in response to prevailing market conditions, the company’s priorities remain firmly aligned: protecting margins, preserving cash flows and maintaining balance sheet strength.
“We continue to take a disciplined approach to capacity utilization, cost control and capital allocation, ensuring resilience through the current phase of the cycle,” he added.
The company’s shares closed at Rs 726.15 on Monday, down 2.27 percent on BSE.
#Tata #Chemicals #results #Consolidated #net #loss #widens #crore