Date: July 23, 2026

Financial Performance Summary

Standalone Results (Q1 FY27 vs Q1 FY26):

  • Total Income: ₹7,792 crore (10% growth from ₹7,083 crore)
  • EBITDA: ₹626 crore (-15% decline from ₹738 crore)
  • PBT: ₹505 crore (-26% decline from ₹685 crore)
  • PAT: ₹377 crore (-26% decline from ₹508 crore)

Consolidated Results (Q1 FY27 vs Q1 FY26):

  • Total Income: ₹8,215 crore (15% growth from ₹7,126 crore)
  • EBITDA: ₹761 crore (-3% decline from ₹782 crore)
  • PBT: ₹514 crore (-24% decline from ₹677 crore)
  • PAT: ₹382 crore (-24% decline from ₹502 crore)

Performance Drivers and Challenges

The company reported revenue growth but significant profit decline, primarily due to elevated raw material costs triggered by the ongoing Middle East crisis, which weighed heavily on the Fertiliser business performance. Subsidy rates remained inadequate to fully offset the increased input costs.

Segment-wise Performance

Crop Protection Business:

  • Revenue: ₹870 crore (20% year-on-year growth)
  • EBITDA: ₹159 crore (44% year-on-year growth)
  • Growth driven by exports and B2B sales
  • Supported by improved product mix and healthy traction for key technical products

Retail Business:

  • Continued growth trajectory
  • Aided by network expansion and deeper farmer engagement
  • Strong growth across fertilisers, speciality nutrients and organic products

Operational and Strategic Updates

Manufacturing Capacity Expansion:

  • Stabilized operations of newly commissioned Phosphoric Acid and Sulphuric Acid plants at Kakinada
  • Brownfield fertiliser granulation project adding 7.5 lakh tons of annual capacity progressing as planned
  • Expected completion: Q4 FY27
  • Crop Protection capacity expansion for key molecule at Sarigam on track for Q2 FY27 commissioning

Sustainability Achievement:

  • Received Responsible Care® Certification
  • Reaffirms commitment to highest standards of health, safety, environmental stewardship and operational excellence

Management Commentary

Mr. S. Sankarasubramanian, Managing Director & CEO, stated that despite the challenging environment, Coromandel strengthened its leadership position in the Phosphatic Fertilisers segment by improving market share and adopting a disciplined approach to production, procurement and inventory management, ensuring uninterrupted fertiliser supplies to the farming community.

The company leveraged its diversified business portfolio and strong execution capabilities to deliver robust growth across its non-subsidy businesses, which helped partially offset headwinds in the fertiliser segment.

Business Overview

Coromandel International Limited operates in two major segments: Nutrient and other allied businesses and Crop Protection, including Fertilisers, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The company is India's 2nd largest manufacturer and marketer of Phosphatic fertiliser and operates a network of more than 1200 rural retail outlets across five states serving approximately 3 million farmers. The company has 21 manufacturing facilities and 8 R&D centers across India.

Corporate Structure

Coromandel is part of the Murugappa Group, which had a turnover of INR 90,178 crore in FY 24-25. The company clocked a turnover of Rs. 31,827 Crores during FY 25-26.