Tata Chemicals Limited has informed the Exchange about Transcript
TATACHEM · price
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Tata Chemicals filed the transcript of its Q1FY26 earnings call. Consolidated revenue was Rs 3,719 crore, EBITDA Rs 649 crore, and PAT Rs 316 crore; standalone PAT from continuing operations was Rs 307 crore (includes a Rs 75 crore income tax refund). Management said global soda ash markets remain oversupplied with high China inventory ($1.8 billion), keeping prices range-bound at $230-235 per ton, with no real change expected for 6-9 months. The company reaffirmed its full-year Rs 600 crore EBITDA improvement plan: Rs 200 crore each from UK restructuring (Lostock closure), India volume growth, and cost optimisation. UK is on track to reach break-even by Q3-Q4, the Kenya 50-kiloton calciner is in trial runs, and India expansion will be done in two debottlenecking steps. CAPEX for FY26 is pegged at around Rs 1,000 crore (largely maintenance, with growth CAPEX largely behind it).
Reaffirmation of the Rs 600 crore EBITDA improvement target is positive for earnings visibility, though near-term soda ash pricing remains soft. UK turnaround and India volume ramp-up are key swing factors; a stable to slightly weaker US run-rate is likely in Q2 due to export mix and higher fixed costs.