Sankarasubramanian S
Managing Director and CEO, Coromandel International Limited
Notable Quotes
We have become the largest market for phosphatic fertilizers in the country. Our consumption-based market share in phosphatic fertilizers stands at 19% vs 17% last year.
The value addition of Sulfuric acid will bring in the desired savings. When I say that a INR 1,000 crore investment will pay back in two, two and a half years' time, you can understand the economic in terms of what it can add to the bottomline.
We are looking at various synergy areas by aligning our policies, R&D, product development, manufacturing infrastructure, and market access. Overall, on a combined basis, crop protection business is likely to do well.
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.
If appetite for DAP for the forthcoming Rabi seasons are met, DAP prices should soften from thereon.
This year is going to be extremely good for crop protection. The momentum what we are seeing this year will continue in the years to come.
Our aim would be to scale up the volume in the coming years, and we are a pan-India player for the entire nutrition segment, ranging from SSP to specialty fertilizers.
I strongly believe water-soluble fertilizers, high-end specialties, organic and bio will be the next phase of growth, and we are currently positioning ourselves for that.
Had the commodity prices have been stable, our numbers would have been much more healthier than what we are reporting now.
Our aim would be to go more on the non-subsidy piece in the coming quarter.
Close to 50% of current use of DAP can be replaced with Nano DAP.