Coromandel International Q1 FY27: Revenue Up 10%, Profit Down 26%
Coromandel International Limited announced its Q1 FY27 financial results, reporting a 10% increase in total income to ₹7,792 crore on a standalone basis and 15% to ₹8,215 crore on a consolidated basis. However, net profit saw a significant decline of 26% to ₹377 crore (standalone) and ₹382 crore (consolidated). This downturn is attributed to elevated raw material costs stemming from the Middle East crisis, impacting the Fertiliser business, while subsidy rates remained inadequate. The company highlighted progress in key initiatives, including the stabilization of new acid plants and ongoing expansion projects. The Crop Protection business showed strong performance with a 20% revenue growth and 44% EBITDA increase, driven by exports and B2B sales. The retail segment also continued its growth trajectory.
Key Highlights
- Q1 FY27 revenue grew 10% standalone, 15% consolidated.
- Net profit declined 26% standalone and consolidated.
- Middle East crisis impacted raw material costs, affecting fertiliser business.
- Crop Protection business revenue grew 20%, EBITDA up 44%.
- Expansion projects in fertilisers and crop protection are progressing.
Price Impact
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