Coromandel International Posts Q1 FY27 Results Amidst Raw Material Cost Pressures

Coromandel International Posts Q1 FY27 Results Amidst Raw Material Cost Pressures​

Coromandel International Limited, a leading agri-solutions provider in India, announced its financial results for the quarter ended June 30, 2026. The company continues to strengthen its market presence across fertilizers, crop protection, bioproducts, and specialty nutrients while advancing digital initiatives aimed at enhancing farm productivity and sustainability.

The Q1 results show a mixed performance for the agricultural giant. While Total Income saw notable growth in the Consolidated segment, net profit declined significantly due to elevated raw material costs stemming from the ongoing Middle East crisis, particularly impacting the Fertiliser business.

Financial Snapshot for Q1 FY27​

Coromandel reported strong revenue increases across both standalone and consolidated results, though profitability was negatively affected by input costs and subsidy dynamics. The key financial metrics for the quarter are summarized below:


The company noted a 10% revenue growth during the quarter. However, net profit declined by 26%, with EBITDA declining by 15% in the standalone segment and 3% in the consolidated segment.

Operational Milestones and Strategic Initiatives​

Operationally, Coromandel achieved several milestones focused on supply security and capacity building. The company successfully stabilized operations at its newly commissioned Phosphoric Acid and Sulphuric Acid plants in Kakinada, bolstering backward integration within the fertilizer sector.

Furthermore, strategic projects are progressing:

• Brownfield Fertiliser Granulation: This project is moving forward as planned and is expected to complete by Q4 FY27, adding 7.5 lakh tons of annual capacity.
• Crop Protection Expansion: Capacity expansion for a key molecule at Sarigam remains on track for commissioning during Q2 FY27.

In terms of sustainability, the company received the Responsible Care® Certification, affirming its commitment to high standards of operational excellence and environmental stewardship.

Management Commentary Highlights Segment Performance​

Mr. S. Sankarasubramanian, Managing Director & CEO of Coromandel International Limited, commented that the Middle East conflict led to a sharp escalation in raw material prices, which were not fully offset by subsidy rates. Despite these challenges, he noted that Coromandel strengthened its leadership in Phosphatic Fertilisers by improving market share and maintaining disciplined production and procurement management, ensuring fertilizer availability for farmers.

The company leveraged the strength of its diversified portfolio to deliver robust growth across non-subsidy businesses, partially offsetting headwinds faced by the fertilizer segment.

Strong Performance in Crop Protection:
The Crop Protection business demonstrated significant success, driven by expanded exports and B2B sales. Segment revenue grew by 20% year on year to ₹870 crore, while EBITDA increased 44% to ₹159 crore, supported by improved product mix and strong traction for key technical products.

Retail Business Continues Growth:
The Retail segment maintained its growth trajectory due to network expansion, deeper farmer engagement, and solid performance across fertilizers, specialty nutrients, and organic products.

About Coromandel International Limited​

Coromandel is recognized as a pioneer and leading agri-solutions provider, operating in two core segments: Nutrient and other allied businesses and Crop Protection. The company stands as the second largest manufacturer and marketer of Phosphatic fertiliser in India.

The business encompasses Fertilisers, Crop Protection, Bio Products, Specialty Nutrients (including water soluble fertilizers and nano products), and Organic Fertilizers. Coromandel manages a network exceeding 1200 rural retail outlets across several states, offering services like crop advisory and soil testing to approximately 3 million farmers.

The company reported a turnover of Rs. 31,827 Crores during FY 25-26. Its efforts towards environmental stewardship have been recognized by international organizations such as UNDP and TERI. Coromandel is part of the Murugappa Group.

COROMANDEL Stock Price Movement​

Today, shares of Coromandel International Limited shed value, settling at ₹2022.9 after a 1.00% drop in the post-market session. The stock saw a total traded volume of 303,658 shares during the close.