Tata Chemicals reports that its Q3 FY26 and YTD FY26 performance was impacted by lower soda ash realizations, though fixed expenses and capital expenditure were lower year-over-year. The company’s debt increased due to unfavorable market conditions. Despite these challenges, Tata Chemicals aims to leverage its robust balance sheet for future growth opportunities. The company remains on track with strategic expansion projects, including soda ash and bi-carb capacity increases.
Financial Performance Overview
Tata Chemicals’ financial results for Q3 FY26 were affected by reduced soda ash prices, despite lower fixed expenses. The company saw an increase in debt due to adverse market conditions. A bright spot was the commissioning of soda ash and bi-carb plants in Mithapur, India, and a new salt plant in the UK, which are contributing additional volumes in FY26.
Key Financial Metrics (Consolidated)
Sales Volumes for Q3 FY26 reached 1,393 Kts compared to 1,285 Kts in the previous year. Revenue amounted to ₹3,550 Cr, against ₹3,590 Cr in the previous year. EBITDA for Q3 FY26 was ₹345 Cr, down from ₹434 Cr in the prior year. The company reported a PAT of ₹(15) Cr, compared to ₹49 Cr last year.
Year-to-Date Performance
For the nine months ending December 31, 2025, sales volumes reached 4,014 Kts compared to 3,876 Kts in the previous year. Revenue was ₹11,146 Cr versus ₹11,378 Cr in the prior year. The company’s EBITDA was reported at ₹1,531 Cr down from ₹1,626Cr. PAT stood at ₹520 Cr, compared to ₹491 Cr last year.
Strategic Initiatives
The company completed the expansion of Soda Ash (230KT) and Bi-carb plants (140KT) in Mithapur, India, with the new salt plant (70 KT) in the UK now delivering additional volumes in FY26.
Tata Chemicals ceased soda ash production at Lostock, UK in January 2025 which helped in structurally lowering the fixed-cost base.
Expansion Plans
Planned expansions include a premium pharma grade Bi-carb plant in Singapore slated for December 2025, and a 3000 MTPA capacity Pearl grade Silica plant at Cuddalore which was commissioned in Nov 2025. Additionally, the 4500 MTPA capacity FOS L 55 plant at Mambattu was commissioned in Dec 2025.
The company is also planning a 50 KT electric calciner soda ash plant in Kenya to be operationalized by March 2026.
Capex and Capacity Expansion Projects
Precipitated Silica Plant (Cuddalore, Tamil Nadu, India) – Q4 FY2028: 50 KTPA, ₹775 Cr.
Dense Soda Ash (Mithapur, Gujarat, India) – Q3 FY2028: 350 KTPA, ₹135 Cr.
Iodised Vacuum Salt Dried (IVSD) plant (Valinokkam, Tamil Nadu, India) – Q2 FY2029: 210 KTPA, ₹515 Cr.
Source: BSE
