ALFA Finder| Revenue growth | 15% YoY growth led by higher realizations and non-subsidy business growth. |
|---|---|
| Margins | EBITDA margins under pressure due to uncompensated raw material cost inflation. |
| Demand visibility | Positive demand expected as monsoon recovery narrows acreage gaps in Paddy. |
| Management confidence | Balanced, though cautious regarding Middle East conflict impact on input costs. |
Growth
Growth was driven by higher realizations in fertilizers and a strong performance in non-subsidy segments like crop protection.
Outlook
Management targets EBITDA of ₹6,500/MT for NPK fertilizers upon stabilization of new phosphoric acid and sulfuric acid capacities.
Risks
EBITDA fell 3% due to high sulfur and ammonia prices; subsidy delays remain a major cash flow risk.
Last quarter's promises, checked
Delivered
- Commission Kakinada Phos-Acid/Sulphuric plants in Q4 → Commissioned March 2026 (= BEAT)
- Expand retail footprint by 300+ stores → Added 300+ stores in AP/TS/KA (= BEAT)
- Grow Crop Protection revenue 15-20% → Standalone revenue grew 15% (= BEAT)
Partly delivered
- Commission granulation plant by Dec FY26 → Project gaining momentum, on track (= PARTIAL)
- NACL margin stabilization at 9-10% → Improved to 6-7% (= PARTIAL)
Missed
- Maintain fertilizer margins → Q4 manufacturing EBITDA <₹3,500/MT vs ₹5,000+ LY (= MISS)
Earnings Call Transcript filed with BSE, NSE: COROMANDEL. Summary written with AI assistance from the document.
Coromandel International Ltd: 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.
More from Coromandel International Ltd
All →Coromandel International Earnings Call Transcript: 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.
Coromandel International Annual General Meeting
Coromandel International seeks shareholder approval via postal ballot to re-appoint Sudarshan Venu as Independent Director for 2027-2032. E-voting runs until December 11, 2026.
Coromandel International Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹10,294 Cr (+7%), EBITDA ₹944 Cr (-18%), PAT ₹523 Cr (-34%). Margin compression across nutrients; theme 'Consolidate to Accelerate'.
Coromandel International Management Change
Coromandel International's board approved the re-appointment of Non-Executive Independent Director Sudarshan Venu for 60 months, effective 3 February 2027. The director is not disqualified under Section 164 of the Companies Act.
- Execution
- 60 months from 2027-02-03
Coromandel International Capital Structure Change
Coromandel International reported a stage update on converting a loan into equity in a Senegal entity. The conversion is in its registration phase with statutory authorities.
Coromandel International Results Update
Q2 FY27 standalone PAT fell 33% to Rs 548 Crore as EBITDA declined 21%. Fertiliser margins were squeezed by raw material costs.