COROMANDEL INTERNTL. LTD

During the earnings conference call held on July 24, 2026, management provided an overview of the challenging business environment, highlighting a 23% deficit in rainfall impacting fertilizer offtake. They noted a mixed picture in crop acreages, with some recovery in sowing momentum due to improved monsoon activity. Management discussed the government's active role in policy announcements, including a national investment policy for urea and a coal gasification scheme. They reported a resilient performance in the fertilizer business despite elevated raw material costs, with production moderated to optimize inventory. The company achieved a consolidated total income of INR 8,215 crores, a 15% increase year-on-year, although EBITDA decreased by 3% due to higher input costs. Management emphasized the importance of subsidy revisions to support production viability and highlighted growth in non-fertilizer segments, particularly in crop protection and specialty nutrients, which contributed positively to overall performance.

Management highlighted both challenges and resilient performance across various segments.