Coromandel International Limited delivered a resilient performance for FY26, reporting a record annual revenue of INR 31,827 crore and EBITDA of INR 3,232 crore. Despite global supply chain challenges impacting the fertilizer sector, the company saw strong growth across its specialty nutrient, crop protection, and retail segments. Strategic initiatives, including increased granulation capacity, the commissioning of new acid plants, and the integration of NACL, continue to strengthen the company’s long-term market position.
Financial Highlights of FY26
Coromandel International achieved its highest-ever consolidated revenue of INR 31,827 crore in FY26, marking a 30% growth compared to the previous year. For the fourth quarter, the company reported revenue of INR 6,068 crore, representing a 19% increase year-over-year. The consolidated EBITDA for the full year reached INR 3,232 crore, while the fourth quarter EBITDA stood at INR 494 crore.
Segmental Performance and Operational Milestones
The fertilizer business remains a core pillar, with the company registering 4.3 million tons in sales of DAP and NPK, a 7% increase over the previous year. The company successfully commissioned new Sulphuric acid (2,000 tons per day) and Phosphoric acid (650 tons per day) plants at Kakinada, enhancing backward integration. Furthermore, the Single Superphosphate (SSP) business achieved record sales volumes of 8.4 lakh tons.
The crop protection segment saw a revenue increase of 15% for the standalone business, reaching INR 3,054 crore. Profitability in this segment grew by 55% to INR 569 crore, supported by robust export demand and new product launches.
Strategic Acquisitions and Future Outlook
The acquisition of a 53% stake in NACL has yielded positive operational results, with NACL reporting a 28% increase in revenue to INR 1,585 crore and turning profitable with an EBITDA of INR 103 crore. Coromandel is focused on leveraging synergies between the two entities to drive cross-selling and optimize manufacturing.
Looking ahead, the company is prioritizing operational stability amid global raw material price volatility. Key growth drivers include the expansion of granulation capacity, further investments in Nano DAP products—where the company holds a 50% market share—and the advancement of Dhaksha, its drone subsidiary, to serve the defence and agricultural sectors. With over INR 3,000 crore invested in the last two years, management remains confident in the company’s ability to drive sustainable growth and support the farming community.
Source: BSE
