R Mukundan, CEO of Tata Chemicals, has taken over as President of the Confederation of Indian Industry (CII) for 2026-27, succeeding Rajiv Memani. The leadership line-up for the term also names Suchitra K Ella of Bharat Biotech International as president-designate and Shashwat Goenka of RP-Sanjiv Goenka Group as vice-president, signalling fresh priorities for the industry body.
Tata Chemicals reported Q4FY26 revenue from operations of ₹3,438 crore and EBITDA of ₹274 crore, but consolidated profit was pulled down by a large US impairment charge. While the company recommended a ₹11 dividend per share and boosted India’s soda ash output, it cited unsustainable pricing pressure in Southeast Asia and uncertainty from Middle East geopolitical tensions.
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Tata Chemicals swung to a sharp Q4FY26 net loss, driven by large impairment charges and weak global pricing, with margins turning negative. Revenue edged down about 2%, while cash flows weakened. The company noted core performance improved before exceptional items, but difficult market conditions kept earnings under pressure.
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