Coromandel International Management Guidance Tracker

12 forward-looking guidance items tracked across 3 quarters.

Capex

Q2 FY26Kakinada phosphoric/sulfuric acid plant commissioning in January 2026Active

Mechanical completion expected in December 2025, trial runs in January, commercial production by mid-January. Plant will generate power for entire complex and reduce cost profile.

Q3 FY26Backward integration projects at Kakinada to commission this quarterActive

The sulfuric acid and phosphoric acid plants at Kakinada are progressing as per timelines and will be commissioned during Q4 FY26.

Q3 FY26Granulation train expansion to commission in Q3 FY27Tracked

The granulation train expansion is on track and will be commissioned in the third quarter of FY27.

Expansion

Q2 FY26NPK capacity expansion to 1 million tons at Kakinada by Q3 FY27Tracked

Project progressing well; will support volume growth in northern and central India.

Q4 FY26Granulation capacity expansion commissioning by December 2026Tracked

Project to expand granulation capacity is on track for commissioning by December of this financial year.

Growth

Q2 FY26Domestic formulation business to grow 25% in FY26Tracked

Driven by new product launches, territory expansion, and co-marketing agreements. Targeting ₹1,000 crore revenue for formulation business.

Q3 FY26Crop protection domestic B2C growth target of 20-25% annuallyTracked

Management aims to grow the domestic branded formulation business by 20-25% year-on-year, supported by new product launches and market expansion.

Q4 FY26Crop protection revenue growth 20-25% in FY27Active

Driven by new product launches (6 new products), capacity expansion for key molecule, and aggressive domestic formulation growth.

Q4 FY26Senegal mine output to increase 30-40% in FY27Tracked

Planned volume increase from 3.5 lakh tons to support backward integration.

Margins

Q2 FY26Minimum EBITDA of ₹5,500/ton for fertilizers in H2Active

Management confident of sustaining this level despite raw material volatility.

Q3 FY26Fertilizer EBITDA margin target of ₹5,000-5,500/ton annualizedTracked

Management reiterated the annualized EBITDA margin target of ₹5,000-5,500 per ton for the fertilizer business, despite near-term pressure from higher sulfur prices and currency depreciation.

Q4 FY26Crop protection consolidated EBITDA margin to stabilize at 9-10%Tracked

NACL integration and product portfolio changes expected to improve margins from current 6-7%.