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Revenue
₹6,004 Cr
verified against source
Revenue YoY
19%
reported change
EBITDA
₹494 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Coromandel International reported Q4 FY26 consolidated revenue of ₹6,680 crore (+19% YoY) and EBITDA of ₹494 crore (+16% YoY), driven by record fertilizer sales of 4.3 million tons (+7% YoY) and strong crop protection growth. PAT fell to ₹115 crore (vs ₹578 crore) due to exceptional items: prior-year land sale gain of ₹347 crore and current-year impairment of ₹71 crore in the drone business. Full-year revenue hit a record ₹31,827 crore (+30% YoY) with EBITDA of ₹3,232 crore (+23% YoY). The fertilizer segment faced margin compression from surging raw material costs (ammonia ~$840/ton, sulfur ~$800/ton) not fully covered by subsidy. Management expects government relief but declined margin guidance. Crop protection standalone EBITDA margin improved to ~19%. Key risk: delayed subsidy pass-through could pressure H1 FY27 margins.
Colored figures show movement against the previous available record.
Guidance to track
- Driven by new product launches (6 new products), capacity expansion for key molecule, and aggressive domestic formulation growth.
- NACL integration and product portfolio changes expected to improve margins from current 6-7%.
- Project to expand granulation capacity is on track for commissioning by December of this financial year.
- Planned volume increase from 3.5 lakh tons to support backward integration.
Risks flagged
- Ammonia and sulfur prices surged ~$840/ton and ~$800/ton respectively, while NBS rates increased only 10%. Government may not provide timely additional subsidy, compressing H1 margins.
- 80%+ of ammonia and sulfur imports transit via the Strait of Hormuz; ongoing crisis threatens Q2 availability and keeps prices elevated.
- ₹71 crore impairment taken on Daksha investment due to order execution delays; management is personally driving recovery but no near-term revenue visibility.
- Despite 60% volume growth, adoption remains slow without policy intervention; farmers continue to prefer subsidized urea and DAP.
Key quotes
- These are all very extraordinary times very difficult to look at margins at this point of time. It doesn't make sense even to look at either product margin or foss value gap.
- We are not able to predict anything this time is little uncomfortable for us to put any number on the table let's wait for things to play out before we can completely fair understand it's bit challenging.
- Our consumption has reached the peak of 4.1 million tons making us the largest player, the highest market share of 17.5% in the phosphotic sector in the country.
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