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Integrated report Statutory reportS Financial StatementS

MD & CEO’s Message

Dear Shareholders, organisation, with the smooth transition of capex completion. Rallis completed the
At the outset, I hope you and your family our consumer business as a merged entity merger of Metahelix, thereby having a
are safe. We are indeed living through with Tata Consumer Products Limited. complete portfolio of products including
very unusual times and your Company I want to thank all our stakeholders for seeds, crop care, etc. in its portfolio. We
has faced the challenge of Covid-19 their support and guidance through moderated our investments in EV Battery
pandemic by immediately mobilising this process to create value for all our in tune with the pace of transition to
efforts to protect employees and our shareholders. electric in the auto sector, even as we
immediate communities. In line with the Our strategy going forward will be to build began operations of battery recycling unit.
Tata philosophy of community being scale and value in the businesses of: On the financial front, consolidated
a key stakeholder in the business, we revenue from operations was flat at
proactively pivoted our assets to serve 1. Performance Materials (Soda Ash, ` 10,357 crore in FY 2019-20. EBITDA
our communities to face the pandemic. Marine Chemicals, Silica and Nano increased by 9% to ` 1,949 crore, while PAT
We stepped up our efforts to produce Products) was ` 1,028 crore. Our business continues
and supply disinfectants and masks, 2. Nutritional Sciences (Food and Pharma to generate robust cash flows at ` 1,780
ensure food security and ramp up grade Salt and Bicarb, Ingredients and crore which supported the Capex to the
medical facilities in and around our plant formulations, Prebiotics, Probiotics and tune of ` 1,199 crore during the year. The
at Mithapur, Gujarat. Our subsidiary Natural Extracts) total cash and current investment was
Rallis temporarily transformed its ` 3,681 crore as on March 31, 2020.
chemical units to supply hand sanitisers 3. Agri-Sciences (Crop care, seeds –
across Maharashtra, Gujarat, Telangana through our subsidiary Rallis) We will continue to drive value through
and Karnataka. 4. Energy Sciences (Battery recycling, innovation, digitalisation and sustainability
across our five business units. We will
Our approach to the pandemic was actives and battery storage) continue to invest in our R&D labs in Pune
centred around four key actions of: During the year, we acquired the and Bengaluru to bring new products and
1. Safety of our employees, communities, balance 25% stake in Tata Chemicals offerings to our customers. The current
partners and assets (Soda Ash) Partners in North America pandemic has brought the importance of
for US$ 195 million. It is now our fully digital thrust and sustainability focus. Our
2. Rapid pivot to digital to ensure owned subsidiary, resulting in a simpler newest plant in Andhra Pradesh has been
business continuity organisation structure and greater degree designed with digital thread as a central
3. Conservation of cash through of strategic freedom. Our Soda Ash units core along with sustainability embedded
cost control, working capital and in India, UK and USA delivered to the in its operations. We see this as our future
capex reduction plan. The Kenyan unit has since overcome design and operational principle.
operational issues. Our Silica unit at Going forward, we expect immediate
4. Ensuring continuous support to our Tamil Nadu launched new Technical and market conditions to be challenging
customers and supply chain partners. Food grades for diverse applications. Our and your Company is well positioned to
At this point of time, all our plants and supplies of Salt kept pace with demand emerge stronger by leveraging the rethink
R&D centres are operational. I take this in India and the UK. We will continue in supply chain strategies around the
opportunity to thank our teams for their to accelerate capex to support growth world. I take this opportunity to thank you
resilience and agility. While this pandemic in these markets. Our expansion and all for your continued support and trust
has impacted economic activity, we are investments in Food and Pharma grade in us.
confident of emerging stronger as we bicarb is progressing on schedule in
come out of this challenge. the UK and India. Our Prebiotics FOS Best regards,
manufacturing plant at Andhra Pradesh
Advancing Science, Creating Value began its commercial production in the R. Mukundan
Managing Director & CEO
This year we made significant progress last quarter of the year. Rallis delivered a
in our strategy by becoming a sharply strong performance and our focus is on
focussed science and chemistry-led new product launches and scheduled

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