Tata Steel is expected to report a consolidated revenue increase of about 2% year-on-year in Q2 FY26, according to an average of six brokerages.
Despite a weak steel-price backdrop, analysts anticipate a sharp rebound in profit after tax — potentially rising nearly 270% year-on-year — driven by a low base from the prior period, higher domestic volumes and lower input costs.
In India, higher sales volumes (estimated at 9 – 17% YoY depending on brokerage) are likely to offset pressure from falling realisations (down ~4.5% QoQ, ~1.6% YoY) as coking-coal cost savings provide margin support.
In Europe, improvement in the Netherlands operations is expected to be partly offset by widening losses in the UK unit amid weak demand and high fixed costs..
Overall, Tata Steel is positioned to deliver a mixed quarter: modest top-line growth but a material bottom-line recovery, reflecting its cost leverage and regional operating mix.
