Tata Chemicals Limited has informed the Exchange about Transcript
TATACHEM · price
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Tata Chemicals reported Q4FY25 consolidated revenue of Rs 3,509 crore and EBITDA of Rs 327 crore, with a PAT before exceptional items of negative Rs 12 crore. For full-year FY25, consolidated revenue was Rs 14,887 crore, EBITDA Rs 1,953 crore, and PAT before exceptional items Rs 479 crore. Global soda ash prices fell over 25% as China added 8.9% capacity, pressuring margins especially in US exports. The company commissioned 230 kT soda ash and 140 kT bicarb capacity at Mithapur, India, and shifted UK operations away from soda ash (Lostock shut, Rs 55 crore exceptional charge) towards 70,000 tons of pharma-grade salt. Kenya showed recovery with a 50,000 ton expansion approved. CAPEX peaked at around Rs 2,000 crore in FY25, expected to normalize to Rs 550-600 crore sustenance level, which should help ease the Rs 1,100 crore rise in net debt. Management declined to give FY26 EBITDA margin guidance, citing market uncertainty around tariffs and pricing.
Mixed outlook for shareholders: India and Kenya are delivering volume-led growth while US export pricing and global soda ash oversupply remain near-term headwinds. UK restructuring should stabilize by Q2FY26, and lower CAPEX in FY26 should support free cash flow and gradual debt reduction. Expect range-bound stock movement until pricing pressure in US exports eases.