The document contains the transcript of an earnings conference call held on July 24, 2026, to discuss Coromandel International Limited's financial results for the quarter ended June 30, 2026 (Q1 FY27).
The conference call was held at an unspecified time and was moderated by Mr. Manish Mahawar from Antique Stock Broking Limited.
The stated purpose of the event was to discuss Q1 FY27 financial results and provide a business update.
Management participants included Mr. Sankarasubramanian S (Managing Director and Chief Executive Officer) and Mr. Deepak Natarajan (Chief Financial Officer).
The company confirmed that the audio recording and transcript of the conference call have been made available on the company website at https://www.coromandel.biz/investors/investor-call-transcripts/ pursuant to Regulation 46(2)(oa)(ii) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company did not explicitly state whether unpublished price sensitive information (UPSI) would be shared, but the discussion focused on already disclosed financial results and business updates.
Financial Highlights Discussed
Consolidated Performance: Q1 FY27 total income of INR8,215 crores compared to INR7,126 crores in Q1 last year (15% growth). EBITDA of INR761 crores against INR782 crores last year (3% decline). Net profit of INR382 crores compared to INR502 crores last year.
Subsidy Details: Received INR1,392 crores towards subsidy claims compared to INR1,300 crores last year. Subsidy outstanding as of June 30, 2026, was INR3,254 crores, with additional subsidy of INR568 crores received in July.
Business Segment Performance:
Fertilizer business moderated production to 6.9 lakh tons (72% capacity utilization) and phosphoric acid production to 1.2 lakh tons
Sales volumes moderated by 9% to 10 lakh tons
Market share increased to 22% (primary) and 16% (point of sales)
SSP business volumes increased by 19% with premium products constituting over 50% of sales
Crop Protection business revenue grew 20% YoY to INR870 crores with EBIT increase of 44% to INR159 crores
Retail business revenue increased 85% YoY with 76% store profitability
NACL Industries EBITDA improved to INR41 crores with margins at 11%
Raw Material Prices: Elevated prices of phosphoric acid (Q2 settlement at $1,700 vs $1,360 in Q1), ammonia, and sulphur due to geopolitical uncertainties and supply disruptions.
Project Updates
Sulphuric acid plant and phosphoric acid plant commissioned and operations stabilized
Granulation project on track for commissioning in Q4 FY27
Senegal rock phosphate mining produced over 1.1 lakh tons in Q1
Evaluating SSP facility establishment in Senegal
Specialty nutrients launching 3 new products across water-soluble and sulphur nutrition segments
Crop Protection capacity expansion of key molecules expected by September 2026
Drone subsidiary Dhaksha focusing on agri-drones with Coromandel purchasing 100-150 drones this quarter
Additional Notes Section
The document represents a regulatory filing containing the full transcript of the earnings conference call.
The transcript includes detailed financial data, operational metrics, and management commentary on business performance.
No separate attachments were mentioned in the disclosure beyond the transcript itself.
The document contains comprehensive financial and operational data as presented during the earnings call.
