India: Coromandel International Posts Q1 Results

Coromandel International Limited, India’s leading Agri solutions provider is in the business of Fertilizers, Crop Protection Chemicals, Bio products, Specialty Nutrients, Organic Fertilizer and Retail. Coromandel has strengthened its presence in the Agri-retail sector and also made significant strides in the emerging Agri-drone spraying services.

The Company has reported the financial results for the quarter ended 30th June 2025.

Highlights – Standalone Results:

• Total Income in Q1 was at Rs. 7,083 Cr vs Rs. 4,768 Cr over previous year, registering a growth of 49%.
• EBITDA for Q1 was Rs. 738 Cr vs. Rs. 507 Cr in Q1 of previous year, registering a growth of 46% over Q1 of previous year.
• PAT for Q1 was Rs. 508 Cr vs Rs. 331 Cr in Q1 of previous year, registering a growth of 54%.

“Coromandel made a strong beginning to the season, registering growth across the businesses, driven by procurement efficiencies, operational excellence and effective marketing initiatives. Performance was aided by an early monsoon onset that resulted in higher crop sowings and improved agri inputs consumption,” said Mr. S Sankarasubramanian, Managing Director & CEO, Coromandel International.

Consolidated Results

Coromandel’s total income for the quarter ended June 2025 was at Rs. 7,126 Cr vs. Rs. 4,783 Cr for the quarter ended June 2024. The profit after tax for the quarter was at Rs. 502 Cr as against Rs. 309 Cr for the quarter ended June 2024.

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Review of Businesses

Nutrient and Allied Business
The Standalone Revenue for the quarter ended June 2025 was at Rs. 6,311 Cr as against Rs. 4,198 Cr for the quarter ended June 2024, registering a y-o-y growth of 50%. Profit before interest and tax for the quarter was Rs. 637 Cr vs. Rs. 436 Cr for the quarter ended June 2024.

Crop Protection Business
The Standalone Revenue for the quarter ended June 2025 was at Rs. 724 Cr as against Rs. 551 Cr for the quarter ended June 2024, registering a y-o-y growth of 31%. Profit before interest and tax for the quarter was Rs. 111 Cr vs. Rs. 63 Cr for the quarter ended June 2024.

Company’s phosphatic fertilizer business recorded 31% volume growth, improving its presence in existing and new markets. Plants operated close to full capacity with enhanced production of intermediates.

The rock phosphate project at Senegal has stabilized and is delivering consistent rock supplies to phosphoric acid plants in India.

Crop Protection segment sales and margins grew by 31% and 75% respectively during the quarter, led by strong performance in domestic and international markets. The business introduced ten new products including an in-licensing molecule and three 9(3) formulations, strengthening its portfolio offerings.

The Retail business continued its expansion, adding 70+ stores during the quarter and is on track to increase its footprint to 1200 stores by year end. Specialty & Organic, Bio, Nano fertilizers and Gromor Drive businesses also delivered robust set of numbers, strengthening the company’s integrated crop management approach.

Update on Strategic Initiatives

In its meeting held today, the Board of Directors of the Company approved acquisition of additional 17.69% issued share capital of Baobab Mining and Chemicals Corporation SA, Senegal (BMCC) through its wholly owned subsidiary, Coromandel Chemicals Limited (CCL), for a consideration of $ 7.70 million, which will take overall shareholding in BMCC to 71.51%.

“The acquisition of additional stake in BMCC is a strategic move to further strengthen our backward integration in the phosphates value chain. With this, Coromandel is reinforcing its commitment to securing vital raw material sources and ensuring long-term supply chain resilience. Our backward integration projects for Phosphoric and Sulphuric Acid plants at Kakinada are progressing well and likely to be commissioned by Q4 of FY25-26. We have also initiated groundwork for setting up a 7.5 lakh ton fertilizer granulation facility at Kakinada,” said Mr. S Sankarasubramanian.

Coromandel has recently signed a long-term agreement with Maaden, Kingdom of Saudi Arabia based leading fertilizer player, for securing DAP shipments to India. Company has also set up a joint venture with Sakarni Plaster to manufacture and market Phospho Gypsum based green building materials by utilizing its industrial by-product.

Coromandel International Limited is amongst India’s pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertilizer, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. See all author stories here.

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