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Subsidiary Dhaksha Unmanned Systems Opens New Drone Manufacturing Facility in Kancheepuram
Coromandel International's subsidiary, Dhaksha Unmanned Systems, has inaugurated a new drone manufacturing facility in Kancheepuram, Tamil Nadu. The unit features dedicated production lines for agricultural, defence (surveillance and logistics), and enterprise UAVs. In conjunction with the launch, Dhaksha introduced two new agricultural drone models: DH Agrigator E10 Prime and DH Agrigator E10 Eco. While financial capex figures were not disclosed, this facility expands Coromandel's tech diversification beyond core fertilizers (TTM revenue of Rs 31,480 Cr).
Confidence: HIGH
What changedDhaksha Unmanned Systems operationalized a new multi-vertical drone manufacturing facility and rolled out two new agri-drone variants.
Why it mattersExpands manufacturing and indigenisation capabilities in high-growth drone tech, strengthening Coromandel's non-fertilizer agri-tech and defence portfolio.
Inauguration date: August 24, 2026New drone models launched: 2 modelsFacility capex: not disclosedCoromandel TTM Revenue: Rs 31,480 Cr
📅 Short termPositive for sentiment around technology capabilities, though immediate financial contribution to Coromandel's Rs 31,480 Cr top line remains small.
📈 Long termAids strategic diversification into precision agriculture and defence hardware, aligning with Atmanirbhar Bharat and farm mechanisation trends.
⚠ Risk flags
- Pace of commercial drone adoption among smallholder farmers
- Dependency on government tenders and defence procurement cycles
- Capex and capacity additions were not disclosed
Key Highlights
Inaugurated new manufacturing facility at Aymicheri in Kancheepuram, Tamil Nadu on August 24, 2026.
Launched 2 new agricultural drone models: DH Agrigator E10 Prime and DH Agrigator E10 Eco.
Established a dedicated production line for defence surveillance and logistics applications.
Coromandel acquired a major stake in Dhaksha in July 2023 to expand into UAS/UAV solutions.
👀 What to Watch
Track order inflows from government initiatives like the Namo Drone Didi scheme and defence procurement contracts in forthcoming quarterly disclosures.
Coromandel Targets ₹6,500/MT NPK EBITDA; Q1 Production Moderated to 6.9 Lakh Tons
Coromandel International reported a resilient Q1 FY27 despite a 23% rainfall deficit and elevated raw material costs, with Phosphoric acid prices rising to $1,700/ton in Q2. The company consciously moderated fertilizer production to 6.9 lakh tons (72% capacity utilization) to optimize inventory amid volatile input prices. Management highlighted 25-30% growth in the Specialty Nutrient business and a steady-state EBITDA target of ₹6,500/MT for NPK fertilizers post-backward integration. The drone subsidiary, Dhaksha, is scaling up with a target of 500 agri-drones this year.
Confidence: HIGH
What changedManagement provided specific margin guidance for NPK (₹6,500/MT) and SSP (₹2,500-3,000/MT) segments and detailed the impact of the Middle East crisis on raw material sourcing.
Why it mattersThe company is transitioning towards higher-margin specialty nutrients and backward integration, which is critical for protecting margins against volatile global commodity prices like Sulphur and Ammonia.
Q1 Production: 6.9 lakh tonsCapacity Utilization: 72%Phos Acid Price (Q2): $1,700/tonNPK EBITDA Target: ₹6,500/MTSpecialty Revenue Growth: 25-30%TTM Revenue: ₹31,480 Cr
📅 Short termThe next few weeks will be sensitive to monsoon progress and any government announcements regarding updated NBS subsidy rates for the Kharif season.
📈 Long termStructural growth is expected from the integration of NACL, expansion in Latin America, and the scaling of the drone and specialty nutrient businesses which carry higher margins.
⚠ Risk flags
- Volatile global raw material prices (Sulphur, Ammonia)
- Dependency on timely government subsidy revisions
- Monsoon variability impacting fertilizer offtake
Key Highlights
Fertilizer production moderated to 6.9 lakh tons in Q1 FY27 from 8.4 lakh tons in the previous year.
Phosphoric acid prices for Q2 settled at $1,700 per ton, a sharp increase from $1,360 in Q1.
Specialty Nutrient business is growing at 25-30% annually with a 20% EBITDA margin.
Targeting a steady-state EBITDA of ₹6,500 per metric ton for NPK fertilizers once input prices normalize.
Dhaksha Unmanned Systems aiming for 500 agri-drones this year, with 100-150 already deployed.
👀 What to Watch
Monitor the potential revision of NBS subsidy rates by the government to compensate for higher raw material costs. Watch for the commissioning of the new granulation project scheduled for Q4 FY27 and the scaling of defense orders for the Dhaksha drone subsidiary.
Coromandel Q1 FY27: Revenue up 15% to ₹8,215 Cr, PAT drops 24% on high input costs
Coromandel International reported a 15% YoY increase in consolidated revenue to ₹8,215 Cr for Q1 FY27, driven by volume growth. However, consolidated PAT fell 24% to ₹382 Cr as elevated raw material costs from the Middle East crisis and inadequate subsidy rates squeezed fertilizer margins. The Crop Protection segment provided a silver lining, with revenue growing 20% to ₹870 Cr and EBITDA surging 44% to ₹159 Cr. The company is continuing its capital expenditure with a 7.5 lakh ton brownfield granulation project slated for Q4 FY27 completion.
Confidence: HIGH
What changedThe company faced significant margin compression in its core fertilizer business due to geopolitical-led input cost spikes, despite achieving double-digit revenue growth.
Why it mattersThe results highlight Coromandel's sensitivity to global phosphoric acid and ammonia prices, while demonstrating the successful scaling of its non-subsidy Crop Protection and Retail businesses as a hedge.
Consolidated Revenue (Q1 FY27): ₹8,215 CrConsolidated PAT (Q1 FY27): ₹382 CrCrop Protection EBITDA Growth: 44%Planned Capacity Addition: 7.5 lakh tonsQ1 Revenue vs TTM Revenue: ~26.1%
📅 Short termThe stock may face pressure in the short term due to the 24% decline in bottom-line performance and the impact of high input costs on margins.
📈 Long termStructural growth remains intact through backward integration at Kakinada and significant capacity expansions, though the business remains cyclical and subsidy-dependent.
⚠ Risk flags
- Raw material price volatility due to Middle East crisis
- Inadequate government subsidy rates
- Monsoon dependency for demand
Key Highlights
Consolidated Revenue increased 15% YoY to ₹8,215 Cr, representing ~26% of TTM revenue.
Consolidated PAT declined 24% YoY to ₹382 Cr from ₹502 Cr in the previous year.
Crop Protection segment EBITDA grew 44% YoY to ₹159 Cr, supported by a 20% revenue increase.
Brownfield fertilizer granulation project to add 7.5 lakh tons of annual capacity by Q4 FY27.
Retail network now exceeds 1,200 rural outlets across five major Indian states.
👀 What to Watch
Investors should monitor the stabilization of raw material prices and potential revisions in government Nutrient Based Subsidy (NBS) rates to restore fertilizer margins. The execution of the 7.5 lakh ton capacity expansion by Q4 FY27 remains a key milestone for volume-led growth.
Coromandel Q1 PAT Drops 24% to ₹382 Cr; Revenue Grows 16% to ₹8,165 Cr
Coromandel International reported a 16% YoY increase in consolidated revenue to ₹8,164.77 Cr for Q1 FY27, primarily driven by the inclusion of NACL Industries. However, consolidated net profit declined 24% YoY to ₹381.56 Cr, as raw material costs surged 29% to ₹4,615.19 Cr. The board also approved converting a ₹108 Cr loan into equity for its chemical subsidiary and restructuring a $9.70 million loan for its Senegalese mining unit to streamline the balance sheet.
Confidence: HIGH
What changedThe company reported its first-quarter results for FY27, showing a divergence between revenue growth (driven by M&A) and profitability (hit by input costs). It also initiated internal debt-to-equity restructuring for two subsidiaries.
Why it mattersThe results highlight margin pressure despite a larger scale from the NACL acquisition. The restructuring of the $9.7M loan for the Senegal mining unit is significant for the company's backward integration strategy for phosphoric acid.
Consolidated Revenue (Q1): ₹8,164.77 CrConsolidated PAT (Q1): ₹381.56 CrQ1 Revenue vs TTM Revenue: ~26%Loan Conversion Value: ₹108 CrSenegal Subsidiary Loan Restructuring: USD 9.70 Million
📅 Short termThe stock may face pressure in the short term due to the 24% decline in net profit and the contraction in margins despite the revenue beat.
📈 Long termLong-term prospects depend on the successful integration of NACL and the scaling of the drone and specialty chemical businesses, alongside stable subsidy policies.
⚠ Risk flags
- Rising raw material costs impacting margins
- Dependency on government subsidy (NBS) policies
- Execution delays in the drone subsidiary (noted by previous impairment)
Key Highlights
Consolidated revenue increased 16% YoY to ₹8,164.77 Cr from ₹7,042.30 Cr.
Consolidated Net Profit fell 24% YoY to ₹381.56 Cr compared to ₹501.59 Cr in the previous year.
Crop Protection segment revenue grew 72% YoY to ₹1,250.76 Cr, aided by the NACL acquisition.
Raw material and packing material costs rose significantly by 29% to ₹4,615.19 Cr.
Approved conversion of ₹108 Cr loan to equity in Coromandel Chemicals Limited at ₹39.95 per share.
👀 What to Watch
Investors should monitor the recovery of operating margins in the Nutrient segment and the progress of the monsoon, which will dictate demand for the upcoming Kharif season. Watch for further details on the restructuring of the Senegal-based mining subsidiary (BMCC).
Coromandel Reports Record 3.5M Ton Fertilizer Output and 55% Crop Protection Profit Growth
Coromandel International achieved record fertilizer production of 3.5 million tons and sales of 4.3 million tons in FY26, securing a 17.5% market share in the phosphatic sector. The crop protection business saw a significant 55% jump in standalone profit to ₹569 crores, with combined revenue including NACL reaching ₹4,000 crores. The company successfully commissioned new acid plants at Kakinada and increased its stake in its Senegalese mining venture to 71.5% to strengthen backward integration. Despite raw material price volatility due to Middle East tensions, the company is expanding its retail footprint and Nano DAP presence.
Key Highlights
Record fertilizer production of 3.5 million tons and highest-ever sales of 4.3 million tons (7% YoY growth)
Standalone crop protection revenue grew 15% to ₹3,054 crores, with profitability surging 55% to ₹569 crores
Commissioned 2,000 TPD Sulphuric acid and 650 TPD Phosphoric acid plants at Kakinada to boost self-sufficiency
Retail business grew by 30% with the addition of 300+ new stores across South and West India
Nano DAP segment achieved a 50% market share with 42 lakh bottles sold during the year
👀 What to Watch
Investors should view the strong backward integration and growth in the high-margin crop protection segment as long-term value drivers. Monitor the impact of raw material price volatility and government subsidy adjustments on near-term margins.
Coromandel International Uploads Q4FY26 Investor Presentation Ahead of Earnings Call
Coromandel International Limited has officially uploaded its investor presentation for the quarter and financial year ended March 31, 2026. The presentation is intended for the conference call scheduled for May 8, 2026, at 02:30 PM IST. This disclosure follows the company's prior notification on May 5, 2026, regarding the earnings discussion. The document provides detailed insights into the company's financial health and operational performance for the fiscal year 2025-26.
Key Highlights
Investor presentation for Q4FY26 results uploaded on May 8, 2026
Conference call scheduled for 02:30 PM IST on May 8, 2026, to discuss annual results
Compliance with SEBI (LODR) Regulation 46(2)(o) for timely disclosure of investor materials
Presentation covers financial performance for the quarter and year ended March 31, 2026
👀 What to Watch
Investors should review the presentation on the company's website to assess volume growth in the fertilizer segment and margin trends. Pay close attention to management's outlook on the upcoming monsoon season and its impact on agricultural demand.
Coromandel FY26 Revenue Jumps 30% to ₹31,827 Cr; Total Dividend Declared at ₹11/Share
Coromandel International reported a strong 30% YoY growth in annual revenue to ₹31,827 crore for FY26, driven by robust performance in its Nutrient and Crop Protection segments. However, consolidated PAT for the full year declined by 8% to ₹1,898 crore, primarily due to exceptional items and a significant 80% drop in Q4 PAT. The company successfully commissioned major acid plants at Kakinada with an ₹1,100 crore outlay to enhance backward integration. A final dividend of ₹2 per share was recommended, bringing the total FY26 payout to ₹11 per share.
Key Highlights
FY26 Total Income rose 30% YoY to ₹31,827 crore, while EBITDA grew 23% to ₹3,232 crore.
Q4 FY26 PAT plummeted 80% YoY to ₹115 crore, impacted by a ₹71 crore exceptional loss.
Commissioned a 2000 TPD Sulphuric Acid and 650 TPD Phosphoric Acid plant at Kakinada for supply security.
Crop Protection business recorded 16% revenue growth and a 55% rise in profitability.
Agri Retail network expanded to 1,200 centers, adding over 300 new stores during the fiscal year.
👀 What to Watch
Investors should monitor how the new backward integration projects at Kakinada improve margins in FY27 to offset raw material volatility. While the Q4 profit slump is concerning, the strong top-line growth and turnaround in the NACL subsidiary are positive long-term indicators.
Coromandel Q4 Net Profit Drops 80% to ₹114.6 Cr; Proposes ₹2 Final Dividend
Coromandel International reported a sharp decline in consolidated net profit for Q4 FY26, falling to ₹114.64 crore from ₹578.46 crore in the previous year's quarter, despite a 20% increase in revenue to ₹6,003.66 crore. For the full year FY26, the company achieved a record revenue of ₹31,479.54 crore, though annual net profit slightly decreased to ₹1,898.14 crore. The board has recommended a final dividend of ₹2 per share and approved a corporate guarantee of USD 15.5 million for its Senegalese mining subsidiary. The quarterly performance was significantly impacted by higher raw material costs and exceptional items.
Key Highlights
Consolidated Q4 revenue rose 20% YoY to ₹6,003.66 crore, while Net Profit plummeted 80% to ₹114.64 crore.
Full-year FY26 revenue grew to ₹31,479.54 crore from ₹24,085.24 crore in FY25.
Declared a final dividend of ₹2 per equity share (200% of face value) with a record date of July 16, 2026.
Approved a corporate guarantee of up to USD 15.5 million for subsidiary Baobab Mining & Chemicals Corporation, Senegal.
Re-appointed M/s. S R Batliboi & Associates LLP as statutory auditors for a second five-year term.
👀 What to Watch
Investors should exercise caution due to the significant margin compression observed in Q4, likely driven by volatile raw material costs. While full-year revenue growth is strong, the sustainability of profits amid rising expenses and the performance of the Senegalese mining venture are key factors to watch.
Coromandel Int'l Declares Rs 2 Dividend; FY26 Consolidated Revenue Jumps 31% to Rs 31,480 Cr
Coromandel International reported a robust 31% year-on-year growth in consolidated revenue for FY26, reaching Rs 31,479.54 crore. While standalone net profit grew to Rs 2,008.58 crore, consolidated net profit saw a slight dip to Rs 1,898.14 crore from Rs 2,054.71 crore in the previous year. The Board has recommended a final dividend of Rs 2 per share (200% on face value) and approved a USD 15.5 million corporate guarantee for its Senegalese mining subsidiary to support backward integration.
Key Highlights
Consolidated revenue for FY26 increased by 30.7% YoY to Rs 31,479.54 crore compared to Rs 24,085.24 crore in FY25.
Final dividend of Rs 2 per equity share declared with a record date of July 16, 2026.
Standalone PAT rose to Rs 2,008.58 crore in FY26, up from Rs 1,940.90 crore in the previous fiscal year.
Issuance of corporate guarantee up to USD 15.5 million for subsidiary Baobab Mining & Chemicals Corporation, Senegal.
The 64th Annual General Meeting is scheduled for July 23, 2026, with dividend payment by August 21, 2026.
👀 What to Watch
Investors should view the strong top-line growth and the strategic investment in the Senegalese subsidiary as positive indicators for long-term supply chain security. The stock remains a reliable dividend payer with a 200% payout on face value.
Coromandel FY26 Revenue Jumps 31% to ₹31,480 Cr; Declares ₹2 Final Dividend
Coromandel International reported a strong 31% YoY growth in consolidated revenue for FY26, reaching ₹31,479.54 crore. However, consolidated net profit for the full year declined by 7.6% to ₹1,898.14 crore, primarily due to a weak Q4 performance where standalone profits dropped over 60% YoY to ₹154.31 crore. The board has recommended a final dividend of ₹2 per share (200% on face value). Additionally, the company approved a USD 15.5 million corporate guarantee for its Senegalese mining subsidiary to support its banking facilities.
Key Highlights
Consolidated FY26 revenue rose 30.7% YoY to ₹31,479.54 crore compared to ₹24,085.24 crore in FY25.
Consolidated Net Profit for FY26 decreased to ₹1,898.14 crore from ₹2,054.71 crore in the previous year.
Board declared a final dividend of ₹2 per equity share with a record date of July 16, 2026.
Q4 standalone net profit saw a sharp decline to ₹154.31 crore vs ₹388.90 crore in the same quarter last year.
Approved a USD 15.5 million corporate guarantee for 71.51% subsidiary Baobab Mining & Chemicals Corporation, Senegal.
👀 What to Watch
Investors should monitor the pressure on margins as Q4 profits were significantly impacted despite strong top-line growth. The expansion into mining via the Senegalese subsidiary remains a key long-term watch point for backward integration.
Coromandel Int'l Declares Rs 2 Dividend; FY26 Consolidated Revenue Surges 31% to Rs 31,480 Cr
Coromandel International reported a robust 31% YoY growth in consolidated revenue for FY26, totaling Rs 31,479.54 crore. Despite the top-line surge, consolidated net profit dipped slightly to Rs 1,898.14 crore from Rs 2,054.71 crore in the previous fiscal, impacted by higher raw material costs. The company announced a final dividend of Rs 2 per share and set July 16, 2026, as the record date. Furthermore, the board approved a USD 15.5 million corporate guarantee for its subsidiary in Senegal to facilitate banking facilities.
Key Highlights
FY26 Consolidated Revenue increased 30.7% to Rs 31,479.54 crore from Rs 24,085.24 crore in FY25.
Recommended a final dividend of Rs 2 per equity share (200% of face value).
Standalone Net Profit for FY26 rose to Rs 2,008.58 crore, up from Rs 1,940.90 crore in the previous year.
Approved a corporate guarantee up to USD 15.5 million for subsidiary Baobab Mining & Chemicals Corporation, Senegal.
Dividend record date is July 16, 2026, with payment scheduled on or before August 21, 2026.
👀 What to Watch
The strong revenue growth indicates significant market expansion, though investors should monitor margin pressures reflected in the consolidated profit dip. The backward integration through the Senegal mining subsidiary remains a key long-term positive catalyst.
Coromandel International Announces Major Management Restructuring and New Business Heads
Coromandel International has announced a significant organizational restructuring effective April 20, 2026. Mr. Narayanan Vellayan has been redesignated as Executive Director – Nutrient Business, while five internal leaders have been elevated to Senior Management Personnel (SMP) roles across key divisions including Fertilisers, Retail, and Bio Products. The company also noted the resignation of Mr. Bharat Chaba, VP of Strategic Initiatives, and the cessation of SMP status for two other executives. This reshuffle appears aimed at streamlining leadership across its core nutrient and retail segments to drive operational excellence.
Key Highlights
Mr. Narayanan Vellayan redesignated as Executive Director – Nutrient Business effective April 20, 2026.
Five new Senior Management Personnel (SMP) appointed to lead Fertilisers, Retail, Bio Products, and Corporate Affairs.
Mr. Madhab Adhikari, with over 20 years of experience, to head the Fertilisers, SSP, and Nano business units.
Mr. Bharat Chaba, VP – Strategic Initiatives, resigned from the company effective April 24, 2026.
Organizational changes include the cessation of SMP status for the COO of Fertilizers and the VP of Nano Fertilisers.
👀 What to Watch
Investors should monitor the company's performance in the Nutrient and Retail segments over the coming quarters to see if this leadership transition improves operational efficiency. No immediate portfolio action is required as these changes represent a planned internal restructuring.
Coromandel Commences Trial Production at New Kakinada PA and SA Plants; Capacity up to 2,650 TPD
Coromandel International has successfully commenced trial production at its new Phosphoric Acid (PA) and Sulphuric Acid (SA) plants in Kakinada, Andhra Pradesh. The facilities have rated capacities of 650 TPD for PA and 2,000 TPD for SA, marking a significant step in backward integration. This project was completed within the guided timeline of Q4 FY 2025-26. The move transforms the Kakinada unit into a fully integrated facility, aimed at reducing import dependency and securing key raw materials for fertilizer production.
Key Highlights
Commenced trial production for Phosphoric Acid (650 TPD) and Sulphuric Acid (2,000 TPD) plants
Project commissioned on schedule within the Q4 FY 2025-26 timeline
Kakinada unit transformed into a fully integrated facility to enhance production efficiency
Strategic reduction in dependency on imported raw materials for fertilizer manufacturing
Operations to be progressively ramped up in a phased manner to reach rated capacities
👀 What to Watch
Investors should view this as a positive development for long-term margin stability due to backward integration. Monitor the successful ramp-up to full capacity and its subsequent impact on reducing raw material costs in the coming fiscal year.
Coromandel Q3 FY26: Record Fertilizer Production & 74% EBIT Growth in Crop Protection
Coromandel International delivered a resilient Q3 FY26 performance despite industry-wide consumption dropping 7% due to unseasonal rains. The company achieved its highest-ever quarterly fertilizer production of 9.9 lakh tons (+18% YoY) and saw a significant 74% EBIT growth in its Crop Protection business with margins expanding to 20%. Management highlighted that backward integration projects at Kakinada are on track for commissioning this quarter, which is expected to mitigate the impact of rising raw material costs like Phosphoric Acid ($1,290/ton) and Sulphur ($550/ton).
Key Highlights
Achieved record quarterly fertilizer production of 9.9 lakh tons, an 18% increase over the previous year.
Crop Protection segment revenue grew 24% to INR 785 crores, with EBIT rising 74% to INR 158 crores.
Nano DAP sales grew 68% YTD to 4,000 KL, establishing the company as a market leader in the segment.
Retail business expanded with 84 new stores in Q3, bringing the total count to 1,113 stores with 20% YoY growth.
Backward integration projects for sulfuric and phosphoric acid at Kakinada to be commissioned in Q4 FY26.
👀 What to Watch
Investors should monitor the commissioning of the Kakinada backward integration projects, as these will be critical for margin protection against volatile global raw material prices. The strong growth in high-margin Crop Protection and Nano segments provides a positive outlook for long-term profitability.
Coromandel Q3 FY26: Standalone PAT up 1% to ₹530 Cr, Declares ₹9 Interim Dividend
Coromandel International reported a resilient Q3 FY26 with standalone total income rising 21% YoY to ₹8,537 crore, though standalone PAT grew marginally by 1% to ₹530 crore. The company faced headwinds from high raw material costs and rupee depreciation, yet achieved record NPK production of 1.0 million tons. The Board declared an interim dividend of ₹9 per share (900% of face value). The Crop Protection segment showed strong growth with PBIT rising significantly to ₹158 crore from ₹91 crore in the previous year.
Key Highlights
Standalone Total Income grew 21% YoY to ₹8,537 crore, while YTD standalone PAT rose 19% to ₹1,854 crore.
Declared an interim dividend of ₹9 per equity share on a face value of ₹1.
Achieved record quarterly production of 1.0 million tons of NPKs and 10% volume growth in phosphatic fertilisers.
Crop Protection segment PBIT surged 73.6% YoY to ₹158 crore driven by demand in export and domestic markets.
Backward integration projects for Sulphuric and Phosphoric acid are on track for commissioning in Q4 FY26.
👀 What to Watch
Investors should monitor the upcoming commissioning of backward integration projects in Q4 FY26, which is expected to improve margins. The stock remains a strong long-term play in the agri-solutions space given its market leadership and consistent dividend payouts.
Coromandel Declares ₹9 Interim Dividend; Q3 Revenue Rises 26.6% to ₹8,779 Cr
Coromandel International reported a 26.6% YoY increase in consolidated revenue to ₹8,779.45 crore for Q3 FY26, supported by its Nutrient business and the integration of NACL Industries. The Board declared an interim dividend of ₹9 per share (900% on face value), with the record date set for February 4, 2026. Net profit attributable to owners remained relatively flat at ₹505.88 crore compared to ₹511.77 crore in the same quarter last year. The Crop Protection segment witnessed significant growth, with revenue reaching ₹1,098.27 crore.
Key Highlights
Declared interim dividend of ₹9 per share (900%) with record date of Feb 4, 2026.
Consolidated revenue grew 26.6% YoY to ₹8,779.45 crore in Q3 FY26.
Crop Protection segment revenue jumped to ₹1,098.27 crore from ₹635.65 crore YoY.
Consolidated Net Profit for owners stood at ₹505.88 crore vs ₹511.77 crore YoY.
Integration of NACL Industries (53.08% stake) significantly boosted top-line performance.
👀 What to Watch
Investors should ensure they hold shares by the February 4 record date to qualify for the ₹9 dividend. The strong revenue growth and expansion in Crop Protection suggest a positive long-term outlook despite flat quarterly profits.
Coromandel Q3 Revenue Rises 26% to ₹8,779 Cr; ₹9 Interim Dividend Declared
Coromandel International reported a robust 26.6% YoY growth in consolidated revenue to ₹8,779.45 crore for Q3 FY26, driven by strong performance in its nutrient and crop protection segments. However, consolidated net profit saw a marginal decline of 3.8% YoY to ₹488.47 crore, likely due to higher raw material costs and the integration of NACL Industries. The board has declared an interim dividend of ₹9 per share (900% on face value), with a record date of February 4, 2026. The crop protection segment showed significant expansion, nearly doubling its revenue contribution following the NACL acquisition.
Key Highlights
Consolidated Revenue from operations grew 26.6% YoY to ₹8,779.45 crore in Q3 FY26.
Consolidated Net Profit stood at ₹488.47 crore, a slight decrease from ₹507.91 crore in the previous year's quarter.
Declared an interim dividend of ₹9 per equity share (900%) with the record date fixed as February 4, 2026.
Crop protection segment revenue jumped to ₹1,098.27 crore from ₹635.65 crore YoY, aided by the NACL acquisition.
Nutrient and other allied business revenue increased to ₹7,761.77 crore compared to ₹6,367.38 crore in Q3 FY25.
👀 What to Watch
Investors should monitor the company's margin recovery as it integrates the NACL acquisition and navigates raw material price volatility. The strong top-line growth and consistent dividend payout make it a solid hold for long-term investors focused on the agricultural sector.
Coromandel Declares ₹9 Interim Dividend; Q3 Revenue Jumps 26% to ₹8,779 Cr
Coromandel International has declared an interim dividend of ₹9 per share (900% of face value) for FY 2025-26, with a record date of February 4, 2026. The company reported a strong 26.6% YoY growth in consolidated revenue to ₹8,779.45 crore for the quarter ended December 31, 2025. While revenue grew significantly, consolidated net profit attributable to owners saw a marginal decline to ₹505.88 crore from ₹511.77 crore in the same period last year. The results reflect the first full quarter impact of the NACL Industries acquisition, which significantly bolstered the crop protection segment.
Key Highlights
Interim dividend of ₹9 per equity share declared with a record date of February 4, 2026.
Consolidated revenue from operations increased by 26.6% YoY to ₹8,779.45 crore in Q3 FY26.
Crop protection segment revenue surged to ₹1,098.27 crore, up from ₹635.65 crore YoY, aided by the NACL acquisition.
Consolidated net profit for the quarter stood at ₹488.47 crore, with ₹505.88 crore attributable to the owners.
Nutrient and other allied business revenue grew to ₹7,761.77 crore compared to ₹6,367.38 crore in the previous year's quarter.
👀 What to Watch
Investors should view the healthy dividend payout and robust revenue growth as positive indicators of market share expansion. The integration of NACL Industries is clearly driving the crop protection business, though margins should be monitored in upcoming quarters.
Coromandel International Acquires 60% Stake in JV Stuccoedge India for Gypsum Products
Coromandel International, through its subsidiary Coromandel Chemicals, has finalized the share issuance for its joint venture with Sakarni Plaster. The new entity, Stuccoedge India Private Limited, will focus on manufacturing and marketing phospho-gypsum based building materials like wall putty and boards. Coromandel holds a 60% controlling stake in the venture with an initial investment of Rs. 6 lakhs. This strategic move enables the company to diversify its product portfolio and utilize industrial by-products effectively.
Key Highlights
Acquired a 60% controlling stake in the joint venture entity Stuccoedge India Private Limited.
Initial capital contribution of Rs. 6 lakhs for 60,000 equity shares at Rs. 10 each.
Partnered with Sakarni Plaster (India) Private Limited, which holds the remaining 40% stake.
The JV will manufacture and trade gypsum-based products including plaster, boards, and ceiling systems.
The entity was incorporated in November 2025 and is yet to commence commercial operations.
👀 What to Watch
Investors should view this as a positive long-term strategic move to diversify into building materials. Monitor the JV's operational commencement and its future contribution to the company's non-fertilizer revenue stream.
Coromandel International Increases Stake in NACL Industries to 53.73% via Rights Issue
Coromandel International (CIL) has increased its equity stake in its listed subsidiary, NACL Industries Limited, from 53.06% to 53.73%. The company was allotted 1,88,24,301 shares at a price of Rs. 76.70 per share, representing a total investment of approximately Rs. 144.38 crores. This allotment includes CIL's full rights entitlement plus additional shares applied for in the unsubscribed portion. While the move consolidates CIL's position in the agrochemical space, investors should note that NACL's turnover has seen a significant downward trend over the last three fiscal years.
Key Highlights
Allotment of 1,88,24,301 equity shares in NACL Industries at an issue price of Rs. 76.70 per share
Equity stake in NACL Industries increased from 53.06% to 53.73%
Total cash consideration for the additional stake is approximately Rs. 144.38 crores
NACL Industries reported a declining consolidated turnover from Rs. 2,115.51 Cr in FY23 to Rs. 1,234.52 Cr in FY25
👀 What to Watch
Investors should monitor the performance of NACL Industries, as its declining revenue trajectory may weigh on Coromandel's consolidated performance despite the increased ownership.
