Profitability remained resilient despite price declines, supported by internal efficiencies and raw-material savings.
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Diversification and growth plan: bromine, vacuum salt and greenfield projects are underway with commissioning anticipated in FY '26, underpinning long-term gains.
NEGATIVES
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Global/Indian soda ash market faces oversupply and price weakness; 2026–27 expected to be challenging.
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Q2 expected to be challenging due to seasonality and potential near-term price declines.
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