Coromandel International Ltd
Coromandel International Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #6 of 23 in Fertilizers & Agrochemicals
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The short version
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.
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.
2 more points from Coromandel International Ltd's call on revenue
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Profitability & Margins
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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.
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
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Order Book & Pipeline
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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 →
- Q2 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 (Q3 FY26)
114.0 crore, up 11% YoY from Rs. Key investor presentation takeaways from Bhagiradha Chemicals & Industries Ltd's Q3 FY26 investor presentation — and how it ran
- Advance Agrolife Ltd (Q3 FY26)
Q3 FY26 revenue from operations was ₹1,338 million, up 18% year-on-year (YoY) from ₹1,134 million in Q3 FY25 (Pages 23-24). Key investor presentation takeaways
- Khaitan Chemicals & Fertilizers Ltd (Q3 FY26)
Q3-FY26 operational revenue: INR 2,657 million, up 34% year-on-year (Page 23, 24). Key investor presentation takeaways from Khaitan Chemical's Q3 FY26 investor
- Rama Phosphates Ltd (Q3 FY26)
Q3 FY26 Revenue from Operations: ₹23,800 lakhs, up 33% YoY (Q3 FY25: ₹17,962 lakhs) [Page 9] . Key investor presentation takeaways from Rama Phosphates's Q3 FY2
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 Q3 FY26 results?
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.
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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.