Coromandel International Limited , a leading Indian fertilizer and crop protection company, has reported robust financial results for the first quarter of the fiscal year, along with strategic expansion moves in its mining operations.

Strong Financial Performance

The company delivered a stellar quarterly performance with consolidated net profit surging to ₹505.01 crore, marking a significant 62.4% increase from ₹310.97 crore in the same period last year. This impressive growth was backed by a substantial rise in revenue, which climbed to ₹7,042.30 crore, up 48.9% from ₹4,728.83 crore year-over-year.

Coromandel's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a notable improvement, reaching ₹780 crore compared to ₹510 crore in the previous year, representing a 52.9% increase. The EBITDA margin expanded to 11.11% from 10.7%, indicating enhanced operational efficiency.

Segment Performance

The company's financial results revealed strong performances across its two main business segments:

Both segments contributed significantly to the overall growth, with the Nutrient and Other Allied Business segment showing particularly strong results.

Strategic Expansion Moves

Increased Stake in Senegal Mining Subsidiary

Coromandel International announced plans to acquire an additional 17.69% stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal, through its wholly-owned subsidiary Coromandel Chemicals Limited (CCL). This acquisition, valued at USD 7.70 million, will increase CCL's ownership in BMCC from 53.82% to 71.51%.

BMCC, incorporated in 2011, is engaged in the mining and production of Rock Phosphate, a crucial raw material for manufacturing phosphoric acid and complex fertilizers. This move aligns with Coromandel's strategy to secure long-term, sustainable supply of raw materials for its core business.

New Bagging Plant at Kakinada

The company also approved capital expenditure plans for setting up a new bagging plant at Kakinada as part of its granulation capacity expansion. The facility will have a capacity of 3,888 MTPD with 6 bagging machines, to be installed at 90% efficiency on design capacity. The project, estimated to cost ₹137 crore, is expected to be completed within 18 months.

This in-house bagging plant is anticipated to reduce operational costs, improve operational efficiency, and provide better control over end-to-end operations compared to the previous third-party bagging arrangement.

Management Changes

In other corporate developments, Coromandel International noted the resignation of Mr. Arulraj K, Senior Associate Vice President – Head Legal, effective July 28, 2025.

Conclusion

Coromandel International's strong Q1 performance, coupled with its strategic moves in raw material sourcing and operational expansion, positions the company for continued growth in the fertilizer and crop protection sectors. The increased stake in BMCC and the new bagging plant investment demonstrate the company's commitment to strengthening its supply chain and enhancing operational capabilities.

As Coromandel International continues to build on its robust financial performance and strategic initiatives, it remains well-positioned to capitalize on opportunities in the agricultural inputs market.

Shares of Coromandel International experienced a significant uptick, rising 4% to reach Rs 2,369.40 following a key regulatory approval for its strategic acquisition plans.

CCI Approves NACL Industries Stake Acquisition

The Competition Commission of India (CCI) has given its nod to Coromandel International's proposed acquisition of a substantial 53.13% stake in NACL Industries. This approval marks a crucial step forward in Coromandel's expansion strategy within the agrochemical sector.

Details of the Acquisition

The approved deal encompasses the following key aspects:

• Coromandel International will purchase 10.69 crore equity shares from various entities.
• An additional 11,000 shares are set to be acquired from public shareholders.

Market Response

The market reacted positively to this development, with Coromandel International's stock price climbing by 4% to Rs 2,369.40. This price movement reflects investor optimism regarding the potential synergies and growth opportunities that may arise from this acquisition.

Strategic Implications

This acquisition is likely to strengthen Coromandel International's position in the agrochemical market. NACL Industries, known for its crop protection solutions, could complement Coromandel's existing portfolio of agricultural inputs and services.

The approval from the Competition Commission of India ensures that the acquisition does not raise any anti-competitive concerns, paving the way for Coromandel International to proceed with its strategic plans.

Investors and industry observers will be keenly watching how this acquisition unfolds and its potential impact on Coromandel International's market presence and financial performance in the coming quarters.