Coromandel International Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 19 Jul 2026 | Fertilizers & Agrochemicals | Market Cap: ₹61.6K Cr

Crop Protection business grew 21% in sales for 9 months FY26, driven by 32% export and 36% domestic B2B volume growth; domestic B2C grew 5%. Coromandel expects to maintain an annualized fertilizer EBITDA of INR5,000-5,500 per ton despite volatility in raw material prices and currency fluctuations.

From Coromandel International Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹1,996

Market Cap

₹61.6K Cr

P/E Ratio

33.0

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Coromandel International Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹6.0K Cr, net profit ₹115 Cr.

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📊 Revenue & Sales Performance

→Crop Protection business grew 21% in sales for 9 months FY26, driven by 32% export and 36% domestic B2B volume growth; domestic B2C grew 5%.
→New product launches contributed to domestic formulation growth, with 25% of sales from new products YTD.
→Export business expected to expand, leveraging FTA with Europe and improved competitiveness.
→Fertilizer volumes grew 10% YTD in phosphatic fertilizers; consumption-based market share slightly improved from 16% to 17%.
→Specialty Nutrients and Nano fertilizers show strong double-digit growth; Nano DAP is market leader with 68% volume growth YTD.
→Retail business grew 20% YoY, expanding stores to 1,113.
→Backward integration projects (sulfuric acid, phosphoric acid) and capacity expansions (granulation, Mancozeb) set to enhance production capabilities.
→NACL integration progressing, with profitability expected to improve from Q1 FY27.
→Overall, the company aims to sustain growth through volume expansion, new products, geographic diversification, and operational efficiencies.

📈 Profitability & Margins

→Coromandel expects to maintain an annualized fertilizer EBITDA of INR5,000-5,500 per ton despite volatility in raw material prices and currency fluctuations.
→Backward integration projects (sulfuric acid and phosphoric acid plants) are expected to add stable EBITDA benefits (~INR400 crores annually) from Q1 FY'27 onwards.
→Crop Protection & Bio-business shows strong growth, led by exports and new product launches, contributing to improved margins.
→NACL Industries is moving from loss-making to profit-making, with EBITDA expansion expected from Q1 FY'27 due to operational integration and efficiency gains.
→Retail business is growing at 20% YoY with continued network expansion.
→Specialty Nutrients and Nano DAP are on strong growth trajectories, opening up export potentials.
→Overall, Coromandel remains focused on operational excellence, cost control, and long-term value creation, underpinning steady growth in earnings and profits.

See what Coromandel International Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→New gypsum-based product manufacturing plant project has commenced, expected to diversify product portfolio within 15 months.
→Specialty Nutrient business initiated a MAP water-soluble fertilizer plant project at Vizag.
→Crop Protection business expanded Mancozeb capacity by 20% and plans an additional 30% expansion at Sarigam plant.
→Investment of approximately INR1,200 crores in backward integration projects involving sulfuric acid and phosphoric acid plants, expected to increase EBITDA per ton from INR5,500 to INR6,500.
→Exploration of new products, strobilurin chemistries, and agrochemical technical expansions underway with capex held back after NACL acquisition.
→Drone spraying business scaling, covering close to 2 lakh acres in 9 months, aiming for precision application solutions.
→Continuous evaluation of global market opportunities for nano DAP and bio products for exports and new product registrations.
→Mining business in Senegal scaling production, ensuring supply security for raw materials and strategic value addition.

💰 Fundraising & Capital Structure

→NACL Industries, Coromandel's subsidiary, successfully completed a rights issue during the quarter.
→The proceeds from the rights issue will be used to retire all high-cost debt and fund capex aimed at reducing costs and improving operational efficiencies for NACL plants.
→No specific new fundraising plans through debt or equity for Coromandel International Limited as a whole were disclosed in the call.
→Management is focusing on operational improvements and integration post-NACL acquisition rather than announcing fresh fundraising.
→Any future fundraising requirements would likely align with strategic expansion or integration needs, but none were explicitly stated in this call.

See what Coromandel International Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

The provided transcript does not contain any specific information regarding the current or expected order book or pending orders for Coromandel International Limited. The discussion mainly centers around: - Q3 FY26 financial and operational performance - Fertilizer industry consumption trends - Backward integration projects and capacities - Crop protection business growth and export dynamics - Market conditions and pricing environment - Integration status of NACL acquisition - Capex and EBITDA outlook for various plants No direct reference or data about order books or pending orders is mentioned in the available text from the earnings call transcript.

Key Metrics

What Coromandel Inter's management said in earlier quarters

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Frequently Asked Questions

What were Coromandel International Ltd Q3 FY26 results?

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?

New gypsum-based product manufacturing plant project has commenced, expected to diversify product portfolio within 15 months.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.