Q1 2026 Coromandel International Ltd Earnings Call Transcript
Key Points
- Coromandel International Ltd (BOM:506395) reported a consolidated total income of INR 7,126 crores for the quarter, marking a 49% growth compared to the previous year.
- The company achieved a 31% growth in primary sales volume, establishing itself as a leading marketer of fertilizers in India with an improved market share of 18% in the NPK segment.
- Operational excellence and procurement efficiencies contributed to a 55% increase in EBITDA, driven by volume growth and margin expansion in crop protection and other business segments.
- The company is progressing well with its backward integration projects, including a sulfuric acid plant expected to be commissioned in Q4 of the current financial year.
- Coromandel International Ltd (BOM:506395) is expanding its retail network, with 73 new stores opened during the quarter and plans to add 400 stores during the year, enhancing customer outreach through e-commerce and digital platforms.
- There was a mismatch in rainfall distribution, particularly in Southern states, which could impact agricultural output and demand for fertilizers.
- The global supply of DAP remains tight due to reduced exports from China and Russia, leading to increased prices and potential supply challenges.
- The company faces challenges in securing raw materials for new capacity creation, which could impact future expansion plans.
- Sulfuric acid prices remain firm, and while they have started to soften, they continue to impact the cost structure.
- The company's subsidy outstanding as of June 30th was INR 2,911 crores, which is a significant amount and could impact cash flow if not cleared promptly.
Ladies and gentlemen, good day and welcome to Coromandel International Limited One Q 2026 post results conference call. As a reminder, all participant lines will be in less than only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchtone phone. I now hand the contents over to Mr. Manish Mahawar.
Thank you and over to you, sir.
Thank you, (indiscernible). On behalf of Antique Stock Broking, warm welcome to all the participants on the 1Q F1 2026 earnings call of Coromandel International.
Today we have Mr. SankaraSubramanian S. as Managing Director and CEO, Doctor Raghuram Devarakonda, Executive Director CPC Bioproduct and Retail, Mr. Deepak Natarajan, CFO on the call. Without further ado, I would like to hand over the call to Mr. Chandraamonia for opening the mask who which will open the floor doors for Q&A.
Thank you. And what is Mr.
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