Coromandel International Limited , one of India’s most diversified agri-input powerhouses, reported a strong first quarter for FY26, with standalone Profit After Tax (PAT) rising 54 per cent year-on-year to Rs 508 crore and EBITDA climbing 46 per cent to Rs 738 crore. Total standalone revenue came in at Rs 7,083 crore, marking a 49 per cent growth over Q1 FY25, driven by strong operational execution, timely monsoons, and heightened demand across fertilisers, crop protection, and agri-retail.

The company’s consolidated income stood at Rs 7,126 crore, with consolidated PAT at Rs 502 crore—up 62 per cent year-on-year—underscoring broad-based strength across its verticals.

“We made a strong start to the Kharif season, supported by procurement efficiencies, robust supply chain management, and strong demand tailwinds,” said Managing Director & CEO S Sankarasubramanian. “Early monsoon arrival translated into higher sowing activity, which, combined with our market reach, drove significant growth.”

Fertilisers and Crop Protection Lead the Charge

Coromandel’s Nutrient and Allied Business posted standalone revenue of Rs 6,311 crore, a 50 per cent increase over the previous year, with segment EBIT at Rs 637 crore. Its phosphatic fertiliser volumes grew 31 per cent year-on-year, supported by enhanced production capacity and steady operations at full utilization levels. The company’s rock phosphate sourcing arm in Senegal—Baobab Mining and Chemicals Corporation (BMCC)—has stabilized operations, contributing to steady raw material supply for domestic phosphoric acid production.

In the Crop Protection segment, revenue rose 31 per cent year-on-year to Rs 724 crore, with EBIT surging 76 per cent to Rs 111 crore. Growth was fuelled by a strong performance in both domestic and export markets. The company launched 10 new products during the quarter, including an in-licensed molecule and three new 9(3) formulations, further strengthening its differentiated portfolio.

Retail and Innovation Ecosystem Expands

Coromandel’s retail network continued its aggressive expansion, adding over 70 stores during the quarter, and is on track to reach a 1,200-store footprint by the end of the fiscal year. Specialty businesses, including bio-fertilisers, nano inputs, and the Gromor Drive initiative, delivered a robust performance—deepening the company’s integrated crop management model.

Strengthening Global Supply Chain Resilience

In a major strategic development, the Board approved the acquisition of an additional 17.69 per cent stake in BMCC, Senegal, for $7.7 million, bringing Coromandel’s total ownership to 71.51 per cent. This move reinforces its long-term commitment to backward integration in the global phosphate value chain.

“Our increased stake in BMCC aligns with our long-term strategy to derisk raw material sourcing and gain tighter control over supply continuity,” said Sankarasubramanian. “Our phosphoric and sulphuric acid capacity expansions at Kakinada are progressing as planned, with commissioning targeted for Q4 FY26. We have also commenced groundwork for a 750,000-tonne granulated fertiliser facility at the same location.”

Additionally, the company has signed a long-term supply agreement with Ma’aden, Saudi Arabia’s leading fertiliser major, for securing Diammonium Phosphate (DAP) shipments to India. On the sustainability front, Coromandel has entered into a joint venture with Sakarni Plaster to upcycle phospho-gypsum byproducts into eco-friendly green building materials.

Outlook

Coromandel’s performance this quarter underscores its strategic maturity in balancing agronomic innovation with supply chain control and market responsiveness. As the monsoon season progresses and structural investments in backward integration mature, the company appears well-positioned to sustain momentum across its core and adjacent businesses.