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ICICI Direct Report
Tata Chemicals Ltd. reported a fall in revenue of 5.7% YoY to Rs 2609 crore, largely dragged by poor soda ash sales volumes from Magadi (down 31% YoY) along with North America (down 19.8% YoY).
Revenue from basic chemical fell 10% YoY to Rs 1839 crore. In terms of geographies, India business basic chemical revenue remained at Rs 699.7 crore (up 1% YoY), while the same from North America, UK and Magadi was at Rs 711 crore (down 20% YoY), Rs 337 crore (flat growth) and Rs 91 crore (down 35% YoY).
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