Coromandel International Limited stock analysis

The retail business delivered an outstanding performance in the current quarter, benefiting from strong farmer engagement, expanded store network and higher sale of fertilizers, specialty nutrients and organic products. Revenue of retail business increased by 85% year -on-year, reflecting improved scale, operating leverage and profitability across the network. 76% of the stores were profitable during the quarter comp

While also expanding its digital and omnichannel capabilities through e - commerce and farmer engagement initiatives. The Nano business delivered stable performance with sales volume growing 2% year -on-year, supported by sustained demand for Nano DAP and a market leadership position with nearly 60% of market share. The business also initiated exports during the quarter an d sees encouraging opportunities to expand i

Our strategic project of setting up T-MAP plant at Kakinada and seaweed granulation plant are progressing well and will enhance our ability to offer differentiated crop solutions. The Crop Protection business delivered a record performance in Q1, driven by strong growth in exports and B2B sales despite softer demand environment in the domestic formulation segment. Revenue grew by 20% year -on-year to INR870 crores, w

It's more towards creation of network and providing additional supply chain capabilities. Sir, also on NACL, so this time, we have seen margin improvement in NACL. So we are more or less this is the intended level of margin or this is kind of -- we'll be stabilizing at this level or we see further scope for improvement in NACL margins?

The point of sales increased by 13% to 7.9 lakh tons, resulting in market share improving to 16%. SSP business continued its strong growth trajectory with volumes increasing by 19% - we have been focusing on differentiated products like GroPlus and Urea-SSP, which constituted more than 50% of the total SSP sales, highlighting the success of company's strategy to drive premiumization and improve product mix. At our Se

Our average EBITDA, which used to be INR5,000 need to go up to INR6,500 per metric ton. Sankarasubramanian: That is the improvement we are looking for as far as the nutrient business is concerned and rest of the capex towards acquisition is towards Senegal operations or towards new capacity creation in Crop Protection business. The way the margins are accruing to Crop Protection business, we see the payback of less t

Further progress was made on our CDMO strategy through engagement with the leading global innovators, while long-term raw material security was enhanced through strategic sourcing and supply arrangements. Our innovation pipeline continues to strengthen wit h new product registrations, novel combinations and patent filing. We remain focused on bringing differentiated solutions to the market and plan to introduce sever

At our Senegal operations, the rock phosphate mining project produced over 1.1 lakh tons for this quarter, broadly in line with our plan. Building on the strength of this backward integration, Coromandel International Limited July 24, 2026 Page 5 of 20 the company is evaluating establishment of SSP facility at Senegal to cater to international markets and unlock additional value from its phosphate resources. Specialt