ALFA Finder
The call ran from 11:01 AM to 12:04 PM IST (1 h 4 min).
Key takeaways
Revenue grew 6% but EBITDA slumped 18% as high input costs and adverse weather hit nutrient margins. Management is banking on subsidy revisions and Rabi season recovery.
| Management target | Revenue FY28 |
|---|
| Revenue growth | ₹10,348 Cr, 6% YoY growth driven by higher subsidy rates. |
|---|---|
| Margins | EBITDA margin contracted significantly due to uncompensated raw material spikes. |
| Demand visibility | Soft Q2 demand due to rainfall deficit; expecting Rabi season revival. |
| Management confidence | Cautiously optimistic for H2 despite severe Q2 margin compression. |
Growth
Revenue rose to ₹10,348 Cr (6% YoY), though NPK fertilizer volumes fell significantly by 30%.
Outlook
New granulation and launch plants commissioning by February 2027; scaling retail to 2,000 stores.
Risks
Persistent high sulfur and ammonia prices; volatility in subsidy rates; El Nino impact on monsoons.
Last quarter's promises, checked
Delivered
- Hoped Rabi NBS revision → positive Rabi NBS revision signalled (= BEAT)
Partly delivered
- Kharif NBS rate update sought → only Rabi revision signalled (= PARTIAL)
- Granulation commissioning Q4 → Feb 2027 target, not yet live (= PARTIAL)
Missed
- Stable phosphatic consumption YoY → NPK volumes -30% (= MISS)
- NPK EBITDA ₹5,000→₹6,500/t at steady state → EBITDA -18%, margin down; mgmt said not this quarter (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Coromandel International Q2 FY27 Results: Net Profit ₹523.4 Cr, Down 34.0% YoY
Coromandel International Ltd reported revenue from operations of ₹10,294 Cr (+6.7% YoY) and net profit of ₹523.4 Cr (-34.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹523.4 Cr · -34.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management targets EBITDA of ₹6,500/MT for NPK fertilizers upon stabilization of new phosphoric acid and sulfuric acid capacities.
Growth they described
Growth was driven by higher realizations in fertilizers and a strong performance in non-subsidy segments like crop protection.
Call details
| Company | Coromandel International Limited |
|---|---|
| NSE symbol | COROMANDEL |
| ISIN | INE169A01031 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h 4 min |
| Audio | Our stream on YouTube ↗ |
Coromandel International Limited: key numbers
- Share price
- ₹1,982.70
- Market cap
- ₹58,502 Cr
- Revenue (annual)
- ₹31,480 Cr
- Net profit (annual)
- ₹1,956 Cr
- P/E (TTM)
- 37.5×Sector 11.4×
- Promoter holding
- 56.34%-0.01% QoQ
- FII holding
- 11.34%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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