Tata Chemicals' consolidated revenue grew 8.0% yoy to Rs27.6bn (Emkay est: Rs28.1bn) and EBITDA grew 3.6% yoy to Rs5.3bn (Emkay est: Rs5.4bn). EBITDA margin declined by 82bps yoy to 19.2% (Emkay est: 19.3%). Consolidated soda-ash revenue increased 13.5% yoy to Rs22.1bn on better realizations across geographies. Total soda-ash volume declined 4% yoy due to lower volume at TCNA and the discontinuation of the trading business in Europe (from Q1FY19). second phase of 130K MTPA will come in 3-4 years. The 400K MTPA salt capacity will come in 3 steps in 3-4 years. Mgmt expects soda-ash prices to remain firm globally....