Tata Steel shares rally to 52-week high: Here’s what investors need to know from Q2 updates

In Q2 FY26, Tata Steel India’s crude steel production reached 5.67 million tonnes, up 8% quarter-on-quarter (QoQ) and 7% year-on-year (YoY), driven mainly by the normalisation of operations following the completion of relining at the G Blast Furnace in Jamshedpur. For the first half of FY26, production rose 3% YoY to 10.9 million tonnes.

The company’s deliveries for the quarter stood at 5.56 million tonnes, with domestic deliveries rising 20% QoQ and 7% year-on-year (YoY), supported by higher production and steady demand across market segments despite seasonal rains. For the first half of FY26, deliveries increased 3% YoY, broadly tracking the improvement in production.

In Q2 FY26, Tata Steel Netherlands produced 1.67 million tonnes of liquid steel and recorded deliveries of 1.54 million tonnes, registering a slight increase both sequentially and on a yearly basis.

Further, Tata Steel UK continued to serve its customers through downstream processing of purchased substrate, with quarterly deliveries reaching 0.56 million tonnes, the company stated. During the quarter, construction began on the Electric Arc Furnace (EAF) project at Port Talbot, a key milestone in the company’s strategic transition towards sustainable steelmaking and improved operational efficiency, it added.

Segment-wise production updates

1. ‘Automotive & Special Products’ vertical deliveries were ~0.8 million tonnes. “Tata Steel continues to strengthen its product portfolio via new facilities and customer approvals,” the firm said.

2. The Branded Products and Retail segment delivered approximately 1.9 million tonnes, achieving its highest-ever quarterly volumes and surpassing the previous record set in Q4 FY25. This strong performance was driven by well-established brands such as Tata Tiscon, Tata Astrum, and Tata Steelium.

3. The Industrial Products and Projects vertical recorded deliveries of approximately 1.9 million tonnes, supported by strong performance in value-accretive segments such as engineering and ready-to-use solutions.

4. Engineering grew 22% QoQ and 16% YoY, while SmartF@B — the company’s ready-to-use solutions — surged 80% YoY, driven by the adoption of new applications.

5. Gross Merchandise Value from our e-commerce platforms, Tata Steel Aashiyana and DigECA, was ₹1,980 crore, more than tripled on a YoY basis.

Tata Steel share price

At 1:50 PM, Tata Steel shares were trading at ₹175.74 apiece on the National Stock Exchange, surging 2.21%. The stock rallied 3.4% to intraday high on Thursday.

Over a month’s time, the stock rose 4%, while for six months’ time, it has soared more than 38%. From the beginning of the year, Tata Steel shares have zoomed over 28.5%.

The company’s market capitalisation stands at ₹2.19 lakh crore.