Tata Chemicals Ltd reported a 60 per cent year-on-year decline in consolidated net profit to Rs. 77 crore for the quarter ended September 2025 (Q2FY26), compared with Rs. 194 crore in the same period last year. The drop in profit is primarily due to an oversupplied global soda ash market and subsequent pricing pressure. 

Revenue fell 3.1 per cent to Rs. 3,877 crore from Rs. 3,999 crore a year ago, due to the reconfiguration of the UK and subdued market conditions. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs. 537 crore, down 13 per cent from Rs. 620 crore in Q2FY25.

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

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

On a standalone basis, Tata Chemicals reported a 19% year-on-year rise in revenue to Rs. 1,204 crore, supported by higher volumes. EBITDA rose 67 per cent to Rs. 240 crore due to cost control measures, while profit after tax from continuing operations increased 80 per cent to Rs. 178 crore compared with Q2FY25.

For the first half of FY26 (H1FY26), consolidated revenue from operations stood at Rs. 7,596 crore, down 2 per cent year-on-year, due to pricing pressure across regions and lower volumes except in India.

EBITDA came in at Rs. 1,186 crore compared with Rs. 1,192 crore in H1FY25, on account of lower volume and realisation. Profit after tax (before exceptional items and non-controlling interests) rose to Rs. 535 crore from Rs. 442 crore a year ago.