Tata Chemicals Q2: Net profit drops 60% YoY; firm says soda ash markets continue to be oversupplied

The Tata Group company reported over a 60% decline in consolidated net profit at ₹77 crore during the September quarter.

The company's net profit stood at ₹194 crore in the year-ago period, Tata Chemicals said in a regulatory filing.

Revenue from operations of the company dipped 3.05% to ₹3,877 crore during the quarter under review compared to ₹3,999 crore in the same period of the previous fiscal year.

In its press release, the company said EBITDA, or operating profit, came in at ₹537 crore as compared to ₹618 crore logged in Q2FY25, down 13% YoY, mainly on account of lower volume and lower realisation, partially offset by better cost management.

EBITDA stands for earnings before interest, taxes, depreciation, and amortisation.

● Profit After Tax (before exceptional items and NCI) stood at ₹219 crore compared to ₹267 crore in Q2FY25.

● Net debt as of September 30, 2025, stood at ₹5,583 crore (excluding lease of ₹776 crore), the press release added.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, said, “Soda ash markets continue to be oversupplied, with high inventory levels in most regions. Prices continued to weaken during Q2FY26. As the demand-supply balance continues to be soft, we expect the market to continue to remain range-bound in the medium term."

Despite market headwinds caused by subdued pricing, the company’s performance in standalone has been positive, driven by higher volumes, and overall performance is resilient, driven by disciplined cost management. Reconfiguration of the UK is complete with a focus on value-added non-cyclical products, the CEO added.

About Tata Chemicals

A part of the over US$ 165 billion Tata Group, Tata Chemicals Limited is a leading supplier of choice to the glass, detergent, industrial and chemical sectors. The company commands a strong position in the crop protection business through its subsidiary company, Rallis India Limited. Tata Chemicals boasts world-class R&D facilities in Pune and Bangalore.

The company's history can be traced to Okhamandal Salt Works, set up in 1927. It became part of the Tata Group in 1939 after being overtaken by JRD Tata. Starting from industrial salt and soda ash, the company has diversified its product portfolio to various science-based products.

Tata Chemicals Limited operates in two verticals – basic chemistry and speciality chemical products. The company has its manufacturing facilities in India, the United Kingdom, Kenya and the United States.

The basic chemistry product range includes soda ash, sodium bicarbonate and other key chemical ingredients used to produce glass, detergent and other industrial products. Tata Chemicals is a market leader in the iodised salt segment and a leading manufacturer of urea and phosphatic fertilisers.

The speciality chemical product range covers four verticals – agriscience, nutritional science, material science solutions and energy science businesses.