Coromandel International Ltd
Coromandel International Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #6 of 23 in Fertilizers & Agrochemicals
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Coromandel International Ltd Q2 FY26 key numbers
- Revenue
- Fertilizers: Expanding reach in new Indian markets (UP, Rajasthan, MP), doubling volumes from 100,000 to 200,000 tons in six months, aiming to take at least 1 million tons to market to support new capacity.
As stated in Coromandel International Ltd's Q2 FY26 earnings call transcript · published 19 Jul 2026. Reported figures, not investment advice.
The short version
Fertilizers: Expanding reach in new Indian markets (UP, Rajasthan, MP), doubling volumes from 100,000 to 200,000 tons in six months, aiming to take at least 1 million tons to market to support new capacity. Phos Acid and Sulfuric Acid expansions with new capacity (7 lakh tons Phos Acid in FY27) expected to sustain at 100% utilization, driving EBITDA growth.
From Coromandel International Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Fertilizers: Expanding reach in new Indian markets (UP, Rajasthan, MP), doubling volumes from 100,000 to 200,000 tons in six months, aiming to take at least 1 million tons to market to support new capacity.
- Retail footprint growth: Targeting 1,200 stores by year-end, eventually 2,000 stores, increasing presence across key states to boost sales.
- Crop Protection: Domestic formulation business expected to grow 25% year-on-year; aims to reach INR 1,000 crores in turnover.
- Export crop protection: Focus on molecules like Mancozeb, Boscalid, Pyraoxystrobin, and Malathion with new capacity additions; pipeline of new molecules and contract manufacturing planned over 2-3 years.
2 more points from Coromandel International Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Planned modular investment in TMAP plant with first phase capacity of 25,000 tons; CAPEX INR 150-170 crores.
- MAP project at Vizag underway to reduce dependence on imported raw materials, aiding specialty nutrient diversification.
- Granulation plant CAPEX ongoing to enhance specialty nutrient portfolio.
- Joint venture gypsum project to manufacture Plaster of Paris.
- Expansion of Senegal mining operations for rock supply with additional investments to scale from 300,000 to 500,000 tons.
- New Phosphoric Acid plant in Kakinada adding 200,000 tons capacity, targeted for 100% utilization by FY27.
- Continued debottlenecking capacities in fertilizers and CPC.
- Investment in new product registration, capacity creation for active ingredients, and downstream projects for Mancozeb and other molecules to strengthen raw material security.
2 more points from Coromandel International Ltd's call on capex
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Top-ranked in Fertilizers & Agrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Coromandel International Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Dhaksha is currently focused on new product development and executing defense orders.
- Execution of defense orders depends on evaluation of existing prototypes, which is a lengthy process.
- The company is actively pursuing government approvals for order clearance.
- Once evaluation is complete and orders are confirmed, future order flow is expected to be steady.
- Order execution and fresh orders have taken longer than initially anticipated.
2 more points from Coromandel International Ltd's call on order book
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Coromandel International Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹6.0K Cr, net profit ₹115 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Coromandel Inter's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Fertilizers & Agrochemicals this season
- Bhagiradha Chemicals & Industries Ltd (Q2 FY26)
140.1 crore, up 35% YoY from Rs. Key investor presentation takeaways from Bhagiradha Chemicals & Industries Ltd's Q2 FY26 investor presentation — and how it ran
- Khaitan Chemicals & Fertilizers Ltd (Q2 FY26)
Q2-FY26 Operational Revenue: INR 3,086 million, up 33.8% year-on-year (Q2-FY25: INR 2,306 million). Key investor presentation takeaways from Khaitan Chemical's
- Rama Phosphates Ltd (Q2 FY26)
Revenue from Operations for Q2 FY26: ₹24,566 Lacs . Key investor presentation takeaways from Rama Phosphates's Q2 FY26 investor presentation — and how it ranks
- Krishana Phosch. (Q2 FY26)
Trading contributes around 20%–22% of total turnover; trading volumes may vary depending on market conditions. Key concall takeaways from Krishana Phoschem…
Potential multibaggers · Q2 FY27
Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance
- Dharmaj CropGood growth2
- Anya Polytech &Good growth1
- M B Agro Prod.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Coromandel International Ltd Q2 FY26 results?
Fertilizers: Expanding reach in new Indian markets (UP, Rajasthan, MP), doubling volumes from 100,000 to 200,000 tons in six months, aiming to take at least 1 million tons to market to support new capacity. Phos Acid and Sulfuric Acid expansions with new capacity (7 lakh tons Phos Acid in FY27) expected to sustain at 100% utilization, driving EBITDA growth.
What is Coromandel International Ltd share price analysis?
Coromandel International Ltd currently shows a neutral. The stock trades at a P/E of 33.0 with a market cap of ₹61,552 Cr. Investors should review the full earnings analysis for detailed insights.
Is Coromandel International Ltd planning capital expenditure?
Planned modular investment in TMAP plant with first phase capacity of 25,000 tons; CAPEX INR 150-170 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.