Coromandel International Limited has announced its financial performance for Q2 Results 2026-27

Coromandel International Limited Posts Q2 FY27 Results

National, 06th November 2026: Coromandel International Limited (BSE: 506395, NSE: COROMANDEL),
one of India’s leading agri-solutions providers, announced its financial results for the quarter and halfyear ended September 30, 2026. The Company continues to strengthen its leadership across fertilisers, crop protection, bio-products, specialty nutrients, organic fertilisers and agri-retail while making notable advances in agri-drone spraying and other digital initiatives that drive sustainability and farm
productivity.

The Company reported 6% revenue growth during the quarter and 10% in H1; however, EBITDA declined, largely reflecting the margin pressure in Fertiliser business due to spurt in raw material costs triggered by ongoing Middle East crisis not adequately covered by subsidy.

Update on Key Initiatives
Company’s long term strategic initiatives remain on track. The new NPK fertiliser capacity is progressing well and is expected to be completed by Q4 FY27. In Crop Protection, additional capacity for one of its key molecules is expected to come on stream during Q3. The Company also plans to set up a launch plant for fluoro intermediates to support phased R&D-to-commercial scale-up and
strengthen its capabilities in speciality chemistry. The Retail business continued expansion of its store footprint and opened close to 100 new stores during the quarter, taking the network to over 1300 stores.

Commenting on the results, Mr. S. Sankarasubramanian, Managing Director & CEO, Coromandel International Limited, said:
“Coromandel delivered a resilient performance in a challenging business environment experienced during Q2, reflecting the strength of its diversified portfolio, customer connect and market presence across Indian and global geographies. The Company sharpened its focus on differentiated offerings, launching ten new products across the Nutrients and Crop Protection businesses during the quarter.

In the Fertiliser business, deficit rainfall, elevated raw material prices and lower Nutrient Based Subsidy rates for the Kharif season impacted product offtake and margins in the NP/NPK segment. Despite these headwinds, Coromandel continued to support the farming community, supplying ~3.3 million tons of fertilisers during H1, while strengthening its leadership in the phosphatic segment, with market share improving to 19% from 17% last year.

The newly commissioned Phosphoric acid and sulphuric acid plant at Kakinada helped mitigate external supply disruptions and enabled value accretion through timely support by the Government. Going forward, we expect the NBS rates for the Rabi season to appropriately reflect movements in raw material prices and support the continued promotion of balanced nutrition.

The Crop Protection business recorded revenue growth of 22% during the quarter, supported by healthy performance in export markets. In the domestic market, amid softer consumption conditions, we continued to strengthen the portfolio with a sharper focus on differentiated and unique combination products.

The Retail business widened its reach across key agricultural markets while broadening its portfolio of products and services. Its speciality nutrients, organic and biological businesses delivered strong performance, reflecting increasing farmer adoption of differentiated and sustainable crop solutions.”

About Coromandel

Coromandel International Limited is amongst India’s pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertilizers, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertilizer in India. The Company’s Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water soluble fertilizers, secondary & micronutrients and Nano fertilizers products. The Company is leading marketer of Organic fertilizers in India. The Bio Products business of the company focusses on plant extractions for various applications. It also operates a network of more than 1200 rural retail outlets across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Through these Retail outlets, the Company offers agri inputs and farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company currently has 8 R&D centers and a strong Regulatory setup, supporting the businesses in process development and new product introduction. The Company currently has 21 manufacturing facilities, spread widely across India, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers.

The Company clocked a turnover of Rs. 31,827 Crores during FY 25-26. Its efforts towards environment have been well recognized by international organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the Murugappa Group with a turnover of INR 105,582 crore in FY 25-26.

For more details, visit www.coromandel.biz

About Murugappa Group

A 126-year-old conglomerate with presence across India and the world, the INR 1,056 billion (₹105,582 crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.

The Group has 10 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, E.I.D.-Parry (India) Limited, NACL Industries Limited, Shanthi Gears Limited, Tube Investments of India Limited, and Wendt (India) Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, CG Semi, Shanthi Gears, CUMI, Gromor, Paramfos, Parry’s are part of the Group’s illustrious stable.

Abrasives, technical ceramics, electrominerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea, and several other products make up the Group’s business interests.

Guided by the Five lights — integrity, passion, quality, respect, and responsibility — and a culture of professionalism, the Group has a workforce of 1,06,224 employees.

For more details, visit www.murugappa.com