Coromandel International reported a 26.4% rise in total income to ₹30,882 crore for FY26. The company also saw its PAT grow 3.5% to ₹2,009 crore, driven by strong performance in its fertilizer and crop protection segments.
Coromandel International Reports Strong FY26 Growth
Coromandel International's total income for FY26 reached ₹30,882 crore, a significant 26.4% increase year-on-year. Profit After Tax (PAT) grew 3.5% to ₹2,009 crore, while EBITDA saw a 14.8% rise to ₹3,467 crore.
Reader Takeaway: Robust income growth driven by strategic acquisitions and new capacities, offset by modest PAT increase.
What just happened
Coromandel International announced its financial results for the fiscal year ending March 2026. Key financial metrics show substantial top-line growth. Total income surged by 26.4% to ₹30,882 crore compared to ₹24,428 crore in FY25. EBITDA increased by 14.8% to ₹3,467 crore, and PAT saw a 3.5% rise to ₹2,009 crore from ₹1,941 crore.
Why this matters
This performance signifies strong revenue expansion for Coromandel, fueled by its core businesses. The company reinforced its position as India's largest phosphatic fertilizer producer and completed the strategic acquisition of a majority stake in NACL Industries, enhancing its crop protection portfolio.
The backstory
Coromandel has been investing in expanding its manufacturing capabilities, including new sulphuric and phosphoric acid plants at Kakinada. The company's strategy has shifted to 'Consolidate to Accelerate,' focusing on leveraging new assets and improving operating efficiency.
What changes now
The company is now focused on unlocking value from recent investments, integrating the NACL Industries acquisition, and strengthening its retail network. The expansion in its retail store count to approximately 1,200 aims to deepen farmer connect.
Risks to watch
Key risks identified include geopolitical instability affecting trade routes and input costs, and climate variability such as erratic monsoons impacting agricultural output and operations.
Peer comparison
As India's largest phosphatic fertilizer company, Coromandel competes with other major players in the agri-inputs sector. Its recent acquisition of NACL Industries aims to bolster its position in the crop protection chemicals market.
Context metrics (time-bound)
- Total Income (FY26): ₹30,882 Cr (up 26.4% from FY25)
- PAT (FY26): ₹2,009 Cr (up 3.5% from FY25)
- EBITDA (FY26): ₹3,467 Cr (up 14.8% from FY25)
- Complex Fertilizer Sales (FY26): 42.8 lakh metric tonnes
- SSP Sales (FY26): 8.4 lakh metric tonnes
- Retail Stores: ~1,200 (net addition of 320 stores)
What to track next
Investors will be closely monitoring the integration of the Kakinada plants and the NACL acquisition, as well as the company's ability to manage input cost volatility and improve operating margins under the 'Consolidate to Accelerate' strategy.