Tata Steel Ltd.TATASTEEL₹176.42 +2.61%

Tata Steel Ltd. announced its provisional production and delivery figures for the second quarter of the financial year 2026, highlighting a robust performance driven by its India operations’ recovery and strong domestic demand.

Tata Steel India’s crude steel production for Q2FY26 reached 5.67 million tons, marking an 8% increase quarter-on-quarter (QoQ) and a 7% rise year-on-year (YoY). This strong rebound was mainly attributed to the successful normalisation of operations following the completion of the relining of the ‘G Blast Furnace’ at Jamshedpur. On a half-year basis (1HFY26), India’s production stood at 10.90 million tons, a 3% YoY increase.

Delivery volumes in India also saw a significant surge, totaling 5.56 million tons for the quarter. Domestic deliveries grew by a substantial 20% QoQ and 7% YoY, benefiting from improved production volumes and stable market demand across various sectors despite the seasonal rains. Half-year deliveries rose 3% YoY to 10.31 million tons.

The company registered record performance across several key domestic verticals:

  • Branded Products & Retail vertical deliveries were approximately 1.9 million tons, recording ‘best ever’ quarterly volumes and surpassing the previous peak set in 4QFY25. The growth was led by brands like Tata Tiscon, which saw a volume increase of over 25% QoQ and 13% YoY.
  • Industrial Products & Projects deliveries were also around 1.9 million tons, powered by strong performance in value-accretive segments. The Engineering segment grew 22% QoQ and 16% YoY, and the SmartF@B ready-to-use solutions segment grew 80% YoY driven by new applications.
  • Automotive & Special Products vertical deliveries stood at approximately 0.8 million tons. The company is strengthening this segment, with its recently commissioned Continuous Galvanising Line at Kalinganagar securing facility approvals from Original Equipment Manufacturers (OEMs).
  • The Gross Merchandise Value (GMV) from the company’s e-commerce platforms, Tata Steel Aashiyana and DigECA, reached ₹1,980 crores, a figure that more than tripled on a YoY basis.

Tata Steel Netherlands reported liquid steel production of 1.67 million tons and deliveries of 1.54 million tons for Q2FY26, with deliveries showing a marginal increase on both a QoQ and YoY basis.

In the UK, Tata Steel continued to service its customers through downstream processing of purchased substrate, with deliveries for the quarter at 0.56 million tons. The quarter also saw the commencement of construction for the Electric Arc Furnace (EAF) project at Port Talbot. Tata Steel Thailand’s production and delivery volumes were 0.36 million tons for the quarter.

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