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Integrated Annual Report 2018-19

MD & CEO's Message

Dear Shareholders, forward with new vigour to strengthen In the Specialty Products Business, the Agri
It is with energy and enthusiasm that I write its sales and marketing through several Sciences Business is undergoing significant
to you about our performance, journey operational steps and new product additions. transformation with an ambitious C 800
forward and future strategy. The last fiscal It is investing in its Dahej facilities to address crore investment plan and a rejuvenated
year marked 150 years of the Tata Group and the growing needs of Indian and overseas management team who are focussed
to commemorate this we set up two centres markets. In the Nutrition Science Business, on driving excellence and growth. The Integrated Report
of excellence, dedicated to the nation - one is our investment in the Nellore plant for upcoming plants of Nutrition Science and
a “Centre of Excellence for Coastal and Marine FOS (Fructo Oligosaccharide) is nearing Material Science Businesses will add a new
Conservation” and the other is “Centre for commissioning. In the Material Science layer of growth. In the Energy Storage
Sustainable Agriculture and Farm Excellence”. Business, our acquisition of a silica plant Sciences Business, we plan to build an
The initial grant for these Centres is being in Cuddalore and subsequent upgrade is integrated business that includes cell
contributed by the Tata Chemical Society for advancing as planned. We will make silica manufacturing, battery recycling and
Rural Development with support from for food and HDS rubber (tyre) grade at this battery active production.
Tata Chemicals and its subsidiary, Rallis India. plant. In Energy Storage Science Business, Focus on innovation, digital
our discussions with automotive players is
This is also a landmark year as Tata Chemicals thrust and sustainability
celebrates 80 years of business and 90 years advancing on the back of the new EV policy As we seek to accelerate growth, our focus
of the Okha Salt Works, its birthplace. Through announced by the Government. on building a sustainable, knowledge driven
this time, we have navigated our business The Consumer Products Business performed organisation that is anchored in futuristic
to meet the needs and expectations of all extremely well. Our brands, Tata Salt and technologies will be the key.
stakeholders. Our longevity and continued Tata Sampann achieved greater traction. We Leading our efforts in this path are our
relevance epitomises the inherent strength of strengthened the business launching several laboratories in Pune and Bengaluru. We
our Values and Purpose. new products like Ready-to-cook nutrimixes, are investing in them to scale product
Basmati Rice and Red Poha and expanding the development keeping in mind our long-term
Overall business performance portfolio from food to home and fabric care sustainability focus. Digital technology is now
FY 2018-19 has been one of the best years segments with Tata Dx Detergent. The year was at the heart of our business operations, as we Statutory Reports
in terms of performance holistically. Our memorable as Tata Salt crossed the milestone seek to simplify and speed up operations and
standalone operational profit (from continuing of clocking 1 million MT of packet sales. serve customers better.
operations) has been the highest ever.
Our financial performance reflected the We will continue to make headway towards
While TCL India’s operations delivered to steady operational performance. On a responsible manufacturing to ensure zero
the plan, there is a need to improve the consolidated basis, our revenue from harm to people, assets and environment
performance of subsidiaries. Our teams are continuing operations grew by 9% to across the business value chain.
focussed on the task on hand in terms of C 11,296 crore. Net debt stands at C 1,959
better reliability of operations and more crore, EBITDA was C 2,095 crore and PAT was In conclusion
focussed market efforts. C 1,395 crore. Cash and cash equivalents at I thank all our shareholders for their
Our Basic Chemistry Business had good the end of the year stood at C 1,952 crore. unstinting support. We remain motivated
to build a sustainable, long-term future,
market conditions globally and maintained Our strategy going forward while upholding the Tata Values and Group
margins despite a surge in energy costs. We Our strategy going forward is to be a Purpose. Engaged employees are our
are progressing our plans to debottleneck focussed science-led chemistry company. strength and we value the passion and
and expand operations in Mithapur plant. We With this, our focus will be on strengthening enthusiasm they bring to their work.
are also strengthening our product portfolio the innovative funnel to ensure aggressive
through the investment in Medikarb plant for We have travelled eight decades together
Pharma grade Bicarbonate and the launch growth in the Specialty Products Business. and seek to continue our journey with
of Speckarb, an industrial grade Sodium In our Basic Chemistry Products Business, optimism and enthusiasm for a better future.
Bicarbonate. These products are enabling us we will continue to be most cost-efficient Best regards, Financial Statements
to tap newer customer segments and expand Soda Ash, Bicarbonate and Salt business. Our
global operations. investment in a Bicarbonate unit in the United R. Mukundan
Our Specialty Products Business is Kingdom using innovative carbon capture Managing Director & CEO
progressing well. We now have four verticals process and Mithapur plant expansion will
under it. The Agri Sciences Business run by provide significant thrust.
our subsidiary Rallis faced tough market The Consumer Products Business will
conditions within India, however, its exports build food platform under the Tata Sampann
grew at an excellent pace. Rallis has moved Brand further.

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