Revenue jumps 30 percent to Rs 31,827 crore; company strengthens backward integration, crop protection portfolio and agri-retail footprint

Coromandel International Limited, one of India’s leading agri-solutions providers, reported a strong operational performance for FY26, driven by robust growth in its nutrient and crop protection businesses, capacity expansion initiatives, and continued investments in agri-retail and sustainability-led technologies.

The company posted a 30 percent rise in total income to Rs 31,827 crore for the financial year ended March 31, 2026, compared with Rs 24,444 crore in FY25. EBITDA increased 23 percent to Rs 3,232 crore, reflecting resilient operational execution despite supply-chain disruptions, volatile raw material prices and currency fluctuations.

Profit before tax (before exceptional items) rose 13 percent year-on-year to Rs 2,688 crore. However, profit after tax declined 8 percent to Rs 1,898 crore, while Q4 profitability remained under pressure due to exceptional items and margin-related headwinds.

Dividend Payout at 1100 percent

The Board approved a final dividend of Rs 2 per equity share (200 percent on face value of Rs 1 each). Combined with the interim dividend of Rs 9 per share announced earlier in February 2026, the total dividend payout for FY26 stands at Rs 11 per share, translating into an overall payout of 1100 percent.

Capacity Expansion Strengthens Backward Integration

During FY26, Coromandel commissioned a 2,000 tonnes-per-day sulphuric acid plant and a 650 TPD phosphoric acid plant at Kakinada, with a combined investment of nearly Rs 1,100 crore. The projects are expected to enhance raw material security, improve integration efficiencies and support India’s fertiliser self-reliance ambitions under the Atmanirbhar Bharat initiative.

The company also ramped up production at its Senegal rock phosphate project, securing feedstock supply for its phosphoric acid operations. Meanwhile, the fertiliser granulation capacity expansion at Kakinada remains on track for completion by Q4 FY27.

Crop Protection and Retail Businesses Gain Momentum

Coromandel’s crop protection business delivered strong growth across domestic and export markets, supported by healthy demand for key molecules and new product launches. The segment recorded 16 percent revenue growth alongside a 55 percent increase in profitability during the year.

Its subsidiary, NACL Industries Limited, reported a turnaround performance with a 28 percent rise in revenue and a return to profitability following operational improvements.

The company’s agri-retail business continued its rapid expansion, scaling its network to 1,200 centres after adding more than 300 stores during FY26 across existing and new geographies.

Commenting on the results, S. Sankarasubramanian, Managing Director & CEO of Coromandel International Limited, said the company delivered a steady performance despite a challenging operating environment marked by supply disruptions and raw material volatility.

He added that the nutrient business strengthened its position in the phosphatic fertiliser segment with 7 percent growth and sales of 4.3 million tonnes, while the crop protection business continued to gain momentum through exports, product innovation and improved market penetration.