Crop protection margin pressure persists
Global inventory overhang continues to pressure margins in the crop protection business despite volume growth.
COROMANDEL / Q4-FY24 / risks
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Coromandel International · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Government subsidy policy uncertainty
Potential shift to direct benefit transfer (DBT) for fertilizers could impact pricing flexibility and margins.
Dependence on monsoon for fertilizer demand
Below-normal monsoon in key markets has historically impacted volumes; any deviation from normal rainfall could affect sales.