DH NEWS SERVICE
Jammu, Jul 23
Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), one of India’s leading agri-solutions providers, announced its financial results for the quarter ended June 30, 2026. The Company continues to strengthen its leadership across fertilisers, crop protection, bio-products, specialty nutrients, organic fertilisers and agri-retail while making notable advances in agri-drone spraying and other digital initiatives that drive sustainability and farm productivity.
The Company reported 10% revenue growth during the quarter; however, net profit declined by 26%, largely reflecting the impact of elevated raw material costs triggered by the ongoing Middle East crisis, which weighed on the performance of the Fertiliser business.
Update on Key Initiatives
During the quarter, the Company stabilised operations of its newly commissioned Phosphoric Acid and Sulphuric Acid plants at Kakinada, strengthening its backward integration and supply security. The brownfield fertiliser granulation project, which will add 7.5 lakh tons of annual capacity, is progressing as planned and is expected to be completed in Q4 FY27. In Crop Protection, the capacity expansion for its key molecule at Sarigam remains on track for commissioning during Q2 FY27.
The Company achieved an important sustainability milestone with the receipt of the Responsible Care® Certification, reaffirming its commitment to the highest standards of health, safety, environmental stewardship and operational excellence.
Commenting on the results, Mr. S. Sankarasubramanian, Managing Director & CEO, Coromandel International Limited, said: “During the quarter, the Middle East conflict resulted in a sharp escalation in raw material prices, while subsidy rates remained inadequate to fully offset the increased input costs. Despite this 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. Company leveraged the strength of its diversified business portfolio and strong execution capabilities to deliver robust growth across its non-subsidy businesses, that helped in partially offsetting headwinds in fertiliser segment.
The Crop Protection business recorded a strong performance, driven by growth in exports and B2B sales. Segment revenue grew by 20% year-on-year to ?870 crore, while EBITDA increased 44% to ?159 crore, supported by an improved product mix and healthy traction for our key technical products.
The Retail Business continued its growth trajectory, aided by network expansion, deeper farmer engagement and strong growth across fertilisers, speciality nutrients and organic products.”
