Coromandel International Limited has informed the Exchange about Transcript

Coromandel International reported strong Q1 FY26 results, with consolidated total income up 49% to ₹7,126 crores and EBITDA up 55% to ₹782 crores, driven by volume growth, higher subsidy rates, and margin expansion in crop protection. Fertilizer volumes grew 6% to 8.4 lakh tons with record primary sales of 11 lakh tons (up 31%), and NPK market share rose to ~18%. The Crop Protection segment revenue grew 31% to ₹725 crores with EBIT up 77% to ₹111 crores. Management reaffirmed the target of ₹5,000 per ton EBITDA on manufactured fertilizers, and indicated that NBS subsidy for H2 is 'logically' expected to rise while DAP prices should soften. Key strategic updates: Board approved increasing stake in Senegal's BMCC to 71.5% (from 53.8%); NACL acquisition has received Competition Commission approval and awaits SEBI clearance; a long-term DAP supply deal was signed with Saudi Arabia's Maaden; backward integration projects (phos & sulfuric acid) are 70% complete and due in Q4 FY26. Capex of ~₹2,000 crores is committed, with potential long-term debt funding.