Tata Chemicals (the 'Company') today declared its consolidated financial results for the full year (FY15-16) and fourth quarter ended March 31, 2016. The company reported income from operations for FY15-16 on consolidated basis at Rs17,708 crore, up 3 percent Y-o-Y and Rs10,650 crore up 6 percent on a standalone basis. For the quarter ended March 31, the company reported income from operations at Rs4,007 crore and EBITDA of Rs520 crore, up 26 percent; standalone income from operations reported at Rs2,268 crore, up 7 percent, with EBITDA at Rs186 crore, up 14 percent.

Business-wise performance

Dividend
The board of directors of the company has recommended an equity dividend of Rs10 per
share for FY16-17.

Executive comment
R Mukundan, managing director, Tata Chemicals, said, 'The quarter under review has been encouraging with improved performance in all businesses led by the Indian operations.

'The improved performance of all international geographies along with lower input costs for the Indian chemicals business took the operating profit to Rs520 crore, a jump of 26 percent on a consolidated basis. However, we remain watchful of the situation in the UK and Kenya. Standalone revenue was up by 7 percent to Rs2,268 crore and net profit was at Rs111 crore due to better performance in the chemicals and consumer business in India.

'The consumer products business continues to grow and maintained its leadership position in the national branded edible salt market. Tata Sampann unique unpolished pulses continue to deliver high protein to its customers. Branded spices under the Tata Sampann umbrella brand are being rolled out pan-India. This focus on expansion of branded food products portfolio and increased market penetration helped the consumer business cross turnover of Rs1,850 crore in FY15-16

'The fertiliser business continues to be under pressure due to subsidy outstanding of Rs1,902 crore.

'Going forward, we will focus on operational excellence and enhance the share of the foods business.'

Tata Chemicals Limited published this content on 26 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2016 15:10:06 UTC.

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