Page 98 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

ii. Financials ` in crore ii. Financials ` in crore
FY FY FY FY
TCML Rallis
2020-21 2019-20 2020-21 2019-20
Revenue from operations 413 474
EBITDA 62 49 Revenue from operations 2,424 2,248
PBT 20 1 EBITDA 325 257
PAT 20 1
PBT 303 237
The revenue declined 13% compared to the PAT 229 185
previous year due to lower soda ash volumes and
prices. However, PAT improved by ` 19 crore on Note: The figures are as per TCL's consolidated books
account of tight control on fixed costs.
The revenue grew 8% compared to the previous
b. Specialty Products year on account of growth in both Crop Care
Rallis India Limited ('Rallis') and Seeds division. In particular, the Domestic
Formulations business performed well during
i. Operations: the year. PAT grew 24% compared to the previous
Rallis Revenue ` in crore year led by higher operating margins and tight
control on fixed costs.
2,028
1,881
1,672 5. Business Outlook
The Company continues to focus on driving its
transformation agenda to grow businesses and products
that serve customer needs along the vectors of sustainability
and good health. These megatrends would drive demand
growth in sectors such as food, feed and pharma and also

336 364 401 in sustainability driven applications like solar glass, lithium
carbonate, new generation of tyres and a shift from plastic
to glass containers. In turn, these would continue to drive
the Company's current and future investments especially
FY 2018-19 FY 2019-20 FY 2020-21 in its specialty products portfolio as ingredient supplier of
Crop Care Seeds
choice to these sectors.
Note: Excluding inter-company transactions
Globally, soda ash demand is increasing after the dip in
Value growth across Domestic and International
business was satisfactory. Rallis’ Crop Care division FY 2019-20 with spot prices beginning to move upward
registered an increase of 7.9% in revenues at as a lag-effect of demand recovery. Much of this recovery
` 2,028 crore. While the outbreak of Covid-19 has again been driven by application sectors driven by
posed challenges, it led to customers having sustainability trends like solar glass, lithium carbonate and
better faith in the ability of established brands the move from plastic to glass containers. With no immediate
to meet the requirements. This led to growth capacity additions, operating rates have moved up to fulfil
in several of Rallis’ products. The Seeds division this demand. China’s production will be consumed by
recorded a growth of 10% despite decline in domestic demand leading to a fall in its export. With supplies
cotton business. Satisfactory volume growth and from Turkey already absorbed in Europe, North Africa, few
better price realisation was registered in maize, markets in SEA and India, USA could step in to meet the
millet and vegetables. global demand growth.

The Company continues to focus on driving its transformation agenda to grow
businesses and products that serve customer needs along the vectors of sustainability
and good health

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