Financial Performance
Coromandel International Limited reported strong financial results for FY 2025-26 with standalone revenue of ₹30,531 crore, representing 26% growth year-over-year. Profit After Tax increased 4% to ₹2,009 crore, while EBITDA reached ₹3,116 crore with a 10% margin. The company maintained its debt-free status with a debt-equity ratio of 0.0 and net worth of ₹12,474 crore. Return on Equity stood at 17% with earnings per share of ₹68. The Board recommended a final dividend of ₹2 per share, in addition to the interim dividend of ₹9 per share, making total dividend for the year ₹11 per equity share.
Strategic Initiatives and Business Expansion
The company completed several strategic initiatives including the acquisition of 53% stake in NACL Industries Limited for ₹820 crore, making Coromandel the 4th largest Indian agrochemicals player. The company increased its stake in Baobab Mining and Chemicals Corporation (Senegal) to 71.5%, achieving record production of 3.5 lakh tonnes rock phosphate. Significant capacity expansion included commissioning of 650 TPD Phosphoric Acid plant and 2,000 TPD Sulphuric Acid plant at Kakinada in March 2026, with NPK granulation capacity expansion of 7.5 lakh tonnes underway. The retail network expanded to ~1,200 stores serving 5 million farmers with over 2,500 SKUs.
Operational Performance
Fertilizer business achieved record sales of 74.5 lakh metric tons, with DAP and NPK volumes reaching 42.8 LMT and SSP sales maintaining market leadership at 8.4 LMT. Crop protection business revenue grew by 16% with PBIT growth of 55%, introducing four new products including a patented molecule. The company invested ₹1,337 crore in capital expenditure during the year and has committed ₹7,000 crore between FY21-FY26 for organic and inorganic expansion.
Sustainability and ESG Performance
Coromandel demonstrated strong ESG performance with 25% clean energy mix in total energy consumption, 57% increase in water recycling and reuse, and 45% reduction in landfilled waste compared to FY24-25. GHG emissions included Scope 1 & 2 emissions of 2,78,564 tCO₂e and Scope 3 emissions of 5,159,431 tCO₂e. The company achieved 100% EPR compliance for plastic waste management and implemented Zero Liquid Discharge at all SSP plants. CSR expenditure amounted to ₹48.83 crore against required ₹49.62 crore, focusing on healthcare, education, community development, and environmental sustainability initiatives.
Corporate Governance and Compliance
The 64th Annual General Meeting is scheduled for July 23, 2026 through video conferencing. The Board comprises 12 members with 50% independent directors and average attendance exceeding 92%. The company maintained AAA credit ratings from CRISIL and India Ratings. All disclosures were prepared in accordance with GRI Standards and India's BRSR framework, with climate disclosures aligned with TCFD recommendations. Contingent liabilities stood at ₹189.26 crore, primarily from disputed tax demands under appeal.
Future Outlook
The company's strategic theme "Consolidate to Accelerate" focuses on value realization from investments with FY27 targets including increasing renewable energy to 60%, extending ZLD to 18 sites, and reaching 15 lakh community beneficiaries. Coromandel continues investments in digital, analytics, and AI capabilities while maintaining strong financial discipline and growth trajectory.