Coromandel International on Thursday reported a sharp 80 per cent decline in consolidated net profit to Rs 114.64 crore for the fourth quarter of 2025-26, weighed down by a 22.4 per cent surge in expenses.
The Hyderabad-based fertiliser and crop protection major had posted a net profit of Rs 578.46 crore in the year-earlier quarter, according to a regulatory filing.
The total income, however, rose to Rs 6,003.66 crore for the January-March quarter from Rs 4,988.39 crore a year ago. Expenses climbed to Rs 5,769.93 crore against Rs 4,723.65 crore in the same period.
For the full 2025-26 fiscal, its consolidated net profit fell 7.62 per cent to Rs 1,898.14 crore from Rs 2,054.71 crore in the preceding fiscal year, while total income surged to Rs 31,827.45 crore from Rs 24,443 crore.
Its Managing Director and CEO S Sankarasubramanian said the company's nutrient business delivered a steady performance in FY26 despite supply disruptions, volatile raw material prices and sharp currency movements.
The phosphatic fertiliser segment registered 7 per cent volume growth, with sales reaching 4.3 million tonnes, aided by stronger farmer engagement and entry into new markets.
The crop protection business recorded a 16 per cent revenue growth and a 55 per cent rise in profitability, supported by higher export volumes and new domestic product launches.
Its subsidiary NACL Industries returned to profitability during the year, reporting 28 per cent revenue growth following focused operational improvements.
The company's Agri Retail network expanded to 1,200 centres, with over 300 stores added across existing and new geographies in FY26.
On the capital expenditure front, Coromandel commissioned a 2,000 tonne-per-day sulphuric acid plant and a 650 TPD phosphoric acid plant at Kakinada in the fourth quarter at a combined outlay of approximately Rs 1,100 crore.
The projects are aimed at strengthening backward integration and supporting domestic self-sufficiency in fertilisers.
Its rock phosphate project in Senegal also ramped up output during the year to supply the new phosphoric acid facility. A fertiliser granulation capacity expansion at Kakinada is on track for completion by Q4 FY27.
Published on May 8, 2026