Coromandel International Limited, one of India’s leading agri-solutions providers, announced its financial results for the quarter and full year ended March 31, 2026. The company continued to strengthen its leadership across fertilisers, crop protection, bio-products, specialty nutrients, organic fertilisers, and agri-retail, while also expanding its footprint in agri-drone spraying and digital farming initiatives aimed at improving sustainability and farm productivity.
Nutrient Business Delivers Stable Growth
During FY26, the company’s Nutrient business operated its manufacturing plants at full capacity and efficiently managed raw material sourcing despite global supply disruptions and price volatility. As a result, Coromandel ensured timely fertiliser availability to farmers across key markets.
Further strengthening its backward integration capabilities, the company successfully commissioned a 2,000 tons per day (TPD) Sulphuric Acid plant and a 650 TPD Phosphoric Acid plant at Kakinada during Q4 FY26. With a total investment of around ₹1,100 crore, these projects are expected to enhance supply security and support India’s Atmanirbhar Bharat mission in the fertiliser sector.
In addition, the company’s rock phosphate project in Senegal ramped up production during the year, thereby securing raw material supplies for the newly commissioned phosphoric acid facility. Coromandel also confirmed that the fertiliser granulation capacity expansion project at Kakinada is progressing as planned and is expected to be completed by Q4 FY26-27.
Crop Protection Business Registers Strong Momentum
The company’s crop protection segment continued to perform strongly in both domestic and international markets. Growth was driven by sustained demand for key technical molecules, improved export volumes, and the launch of new products in India. To support future expansion, Coromandel is currently implementing multiple projects for key technical molecules that will enhance manufacturing capabilities and strengthen its long-term growth pipeline.
NACL Industries Achieves Turnaround
Coromandel’s subsidiary, NACL Industries Ltd, reported a successful turnaround during FY26. The company achieved a 28% increase in revenue and returned to profitability, supported by focused operational improvements and enhanced business efficiencies.
Agri Retail Network Expands Rapidly
As per the press release, the company’s agri-retail business continued its aggressive expansion strategy. During FY26, Coromandel expanded its retail network to 1,200 centres by adding more than 300 new stores across existing and new geographies, further strengthening farmer outreach and service capabilities. S. Sankarasubramanian, Managing Director and CEO of Coromandel International Limited, said, “Coromandel’s Nutrient business delivered a steady performance in FY26 despite operating in a dynamic environment marked by supply disruptions, volatile raw material prices, and sharp currency fluctuations. During the year, the company strengthened its position in the phosphatic fertiliser segment by registering 7% growth and achieving sales of 4.3 million tonnes, supported by strong farmer engagement and expansion into new markets. Our Crop Protection business also delivered strong momentum, recording 16% revenue growth and a 55% increase in profitability. This performance was driven by healthy demand for key molecules, improved export offtake, and successful new product introductions in domestic markets. In addition, our subsidiary NACL Industries achieved a successful turnaround during the year, while our Agri Retail business significantly expanded its national footprint.”