What was Tata Chemicals's revenue in Q4 FY26?

Tata Chemicals reported revenue of ₹3,438 Cr in Q4 FY26, a -2% change year-over-year.

Did Tata Chemicals management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Tata Chemicals Q4 FY26 Research Workspace: Revenue ₹3,438 Cr (-2%)

Q: What guidance did Tata Chemicals management give?

FY27 capex of ₹1,300 crore: Capital expenditure for FY27 is guided at approximately ₹1,300 crore, primarily for maintenance and some growth projects in salt, silica, and Singapore.

Revenue ₹3,438 Cr -2%

EBITDA ₹274 Cr -16.2%

PAT ₹-2,116 Cr

EBITDA Margin 8% -137bps

Duration 44 min

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✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Tata Chemicals reported a weak Q4 FY26 with consolidated revenue down 2% YoY to ₹3,438 crore and EBITDA falling 16% to ₹274 crore, reflecting subdued soda ash prices globally and higher costs. The US business took a ₹1,837 crore goodwill impairment due to prolonged pricing pressure. Standalone revenue grew 3% to ₹1,254 crore on higher volumes, but EBITDA margin contracted. Management highlighted that Middle East conflict has driven up energy and shipping costs, though most cost increases have been passed on. Imports into India have halved, supporting domestic volumes. Capex for FY27 is guided at ₹1,300 crore, mainly maintenance, with debt expected to stay near ₹6,000 crore. The company is pivoting to non-soda ash businesses (up 14% YoY to ₹6,946 crore). Key risk: prolonged conflict could erode demand and further pressure margins.

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Kenya HFO supply disruption

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Quarter Snapshot

Non-soda ash revenue (FY26) ₹6,946 Cr

+14% YoY

Revenue from non-soda ash businesses grew 14% to ₹6,946 crore in FY26, in line with strategic pivot.

India soda ash production 1M tons

Higher than previous year

Gujarat facility achieved 1 million tons of soda ash production, offsetting price declines with volume.

Imports into India (monthly) ~35,000-50,000 tons

Halved vs pre-conflict

Monthly imports fell from 70,000-100,000 tons to about half due to Middle East conflict disruptions.

Net debt (ex leases) ₹5,961 Cr

Similar level expected next year

Net debt stood at ₹5,961 crore as of March 31, 2026, expected to remain at similar levels in FY27.

Fast read

Guidance and risk preview

Top guidance FY27 capex of ₹1,300 crore

Capital expenditure for FY27 is guided at approximately ₹1,300 crore, primarily for maintenance and some growth projects in salt, silica, and Singa...

Top risk Kenya HFO supply disruption

Kenyan unit depends on HFO from Middle East; only 40 days of supply available.