Tata Chemicals Q4 Review - Massive Miss On PAT Due To One-Offs In U.S.,  UK: Nirmal Bang
Tata Chemicals North America plant. (image: Company website)

Tata Chemicals Q4 Review - Massive Miss On PAT Due To One-Offs In U.S., UK: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Tata Chemicals Ltd. posted massive miss in Q4 FY21 results due to one-off items hitting U.S. and UK earnings.

Long term outlook is positive based on management comments during the concall about demand returning to pre-Covid-19 volume in all regions (including the troubled U.S. business).

The pressure on pricing outside India is likely to ease by Q4 FY22 as quarterly contract prices are likely to be raised to align with market prices.

We have modelled positives like improving long term outlook for demand growth in Soda Ash.

However we have tempered pricing/margin estimates as annual U.S. contract prices are down $5/tonne and increase in energy/freight cost remains a headwind in FY22.

Click on the attachment to read the full report:

Nirmal Bang Tata Chemicals-Q4FY21 Result Update-5 May 2021.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.