Coromandel International Limited — Q1 FY26

Logically, subsidy should go up.

If everything goes well this year, 2526, you know, two, three months of rainy season, we don't operate. Rest of the month, we should come closer to 300,000 to 400,000 tonnes per annum... Hopefully, we should double it in the next two years.

China is one of the major source for India in the last few years, completely dried up this current year... But we are confident that from Middle East, sources increased volumes can come through... I don't see any reason why for India alone DAP price should go up. I have a strong view. If appetite for DAP for the forthcoming Rabi seasons are met, DAP prices should soften from thereon.

On the manufactured margin, our normative EBITDA of metric ton of 5,000 will sustain during this year. That's our hope and we'll strive to do that. In terms of the phosphoric acid price change, it's in line with the global commodity prices, especially DAP increase. And this may warrant some correction in certain NPK grades...

Roughly, you can take around three point five to three point one seconds of rock may be required, but they're not as rate. And that depends on the P2OF content. Suppose if we use low grade, it may go to four, four point two five tons. If we use high grade, it will come to 3.25. On a blended basis, you can take this sort of number.

No, but consumption also has grown well. While I agree with you, we don't beyond South market, we have done volumes in North market, but they are all on cash basis and correction has been good and the consumption also happened. Consumption share also has gone up during this quarter.

No no. First quarter, the primary sale is higher and the consumption is low because the season starts in third fourth quarter of fourth week of May. So it's a function of channel inventory there at the end of the quarter. But once the consumption begins in July, we can see significant reduction in the channel.

I think it's around 65% to 67% Tata facility business as against last year of 'seventeen. There has been significant improvement in our facility during this period.

In terms of the initial, we have got the competition commission approval and we are waiting for a big clearance and we hope we get this in Q2 and we should be able to complete the transaction... Close to INR 2,000 crores we'll be spending... So at some stage, company may have to resort to long term funding...

On the NACL, as I mentioned, we have a complementary set of active ingredients... On the specialty nutrients, we have doubled our sulfur capacity last year... We have concrete game plan to grow these two segments. We'll see the results in the coming quarter.

Good observation. This is due to consolidation of BMCC, which has become a subsidy company, and this mainly relates to amortization of all burden expenditures... It can be estimated around that level. Actually, we can say that on a consolidated basis.