Soda ash, the company's largest business, suffered last year as falling caustic soda prices made it more appealing than soda ash for the silicate market, prompting it to cut prices to stay competitive
Analysts at Kotak Institutional Equities see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need to be monitored
The management said during the quarter, the company's profits was muted due to one off in US operations caused by Polar Vortex leading to sharp rise in gas prices.