Financial Performance Highlights

Coromandel International Limited reported strong financial results for FY 2025-26 with standalone revenue of ₹30,531 crore, representing 26% year-over-year growth from ₹24,064 crore in FY25. Profit After Tax (PAT) increased by 4% to ₹2,009 crore from ₹1,941 crore in the previous year. The company achieved record fertilizer sales of 42.8 lakh metric tonnes for complex fertilizers and 8.4 lakh metric tonnes for SSP, maintaining market leadership. Consolidated performance showed revenue of ₹31,480 crore with EBITDA of ₹3,232 crore.

Strategic Developments and Acquisitions

The company completed a significant acquisition of 53.69% controlling stake in NACL Industries Limited on August 8, 2025, for ₹820 crore, resulting in ₹386 crore of goodwill recognition. This acquisition strengthens Coromandel's crop protection business and expands its market presence. The company also increased its stake in Baobab Mining and Chemicals Corporation to 71.5%, enhancing backward integration capabilities. Total investment commitments between FY21-FY26 amounted to approximately ₹7,000 crore.

Operational and Manufacturing Milestones

Coromandel commissioned several critical manufacturing facilities including a 650 TPD Phosphoric Acid plant and 2,000 TPD Sulphuric Acid plant at Kakinada in March 2026, along with a 9,000 MT Mancozeb project at Dahej. The sulfuric acid plant at Vizag generated savings of nearly ₹400 crore since its FY24 commissioning. The company is progressing with NPK granulation capacity expansion at Kakinada (7.5 lakh tonnes) for Q4 FY2027 completion and a 17,500 MT Mancozeb project at Sarigam.

Retail Expansion and Digital Initiatives

The retail business expanded to approximately 1,200 stores with a net addition of 320 new stores during FY26. Retail revenue grew 31% while EBITDA increased 29%, serving approximately 5 million farmers. Digital initiatives included the MyGromor app achieving 1 million downloads and Gromor Drive drone service expanding to 275 pilots covering 2.9 lakh acres. The company completed migration to SAP Rise and implemented Digital Data Center 2.0 with 621 KPIs.

ESG and Sustainability Performance

Coromandel demonstrated significant sustainability achievements with clean energy comprising 25% of total energy mix and renewable electricity consumption increasing 146% to 48,381 GJ. Water recycling and reuse increased by 57% to 6,23,921 KL, with non-conventional water representing 32% of total usage. The company reduced landfilled waste by 45% to 15,282 MT and is progressing toward zero waste to landfill by FY2030. Safety performance remained strong with Total Recordable Incident Rate (TRIR) of 0.25 and zero fatalities, while the Kakinada facility received British Safety Council's Sword of Honour.

Corporate Governance and Compliance

The Board recommended a final dividend of ₹2 per equity share, resulting in total dividend of ₹11 per share for FY26 with total outflow of ₹529 crore. The company maintained debt-free status with strong balance sheet. Governance structure includes 12 board members with 50% independent directors and average board attendance exceeding 92%. All disclosures were made in compliance with SEBI Regulations and Companies Act requirements, with the integrated report prepared according to IIRC principles, GRI Standards, and India's BRSR framework.

Workforce and Human Capital

Total workforce comprised 6,299 permanent employees and 15,165 non-permanent workers. The company added 1,612 new hires during FY26 and completed 308,383 training hours. Employee engagement score reached 83% with Great Place to Work certification, though women representation remained at 7% of workforce. Human rights compliance showed 100% assessment coverage with only one POSH complaint reported during the year.

Regulatory and Legal Matters

Contingent liabilities totaled ₹17,409 lakhs primarily relating to disputed tax demands under appeal, with no expected outflow of economic resources. The company spent ₹4,883 lakhs on CSR initiatives against required ₹4,963 lakhs, focusing on healthcare, education, community development, and environmental sustainability programs benefiting over 1.5 million beneficiaries from vulnerable groups.

Assurance and Verification

Third-party assurance was provided by TUV India Pvt. Ltd. for BRSR Core disclosures with reasonable assurance and GRI disclosures with limited assurance, conducted between May 6 to June 16, 2026 across manufacturing locations. Statutory auditor S.R. Batliboi & Associates LLP provided unmodified opinion on standalone financial statements with adequate internal financial controls operating effectively.