Coromandel International delivered a strong performance in FY24-25, with net sales (including other operating income) rising 27.49% to ₹4,988.39 crore for the quarter. The Nutrient & Other Allied Business segment, which makes up 86.08% of total sales, grew 28.21% to ₹4,320.95 crore, while the Crop Protection segment increased 23.80% to ₹698.72 crore. Profit before interest and tax (PBIT) rose 26.64% to ₹398.44 crore. Segment-wise, PBIT from the Nutrient business grew 18.21% to ₹297.33 crore, accounting for 74.62% of total PBIT, and the Crop Protection segment saw a 60.21% jump in PBIT to ₹101.11 crore. While the overall PBIT margin slightly dropped from 8.00% to 7.94%, the operating profit margin improved from 6.98% to 8.56%, driving a 56.37% increase in operating profit to ₹426.91 crore.
The company improved cost efficiency as raw material costs (as a percentage of sales) fell from 67.38% to 60.36%, even though the purchase cost of finished goods increased to 11.65%. Other income rose sharply by 49.71% to ₹125.05 crore, pushing PBIDT up 54.81% to ₹551.96 crore. Despite a 6.72% rise in interest costs to ₹65.87 crore, profit before tax (PBT) soared 72.82% to ₹400.69 crore. Net profit attributable to shareholders surged 261.59% to ₹579.67 crore. The company also strengthened its balance sheet with higher cash and bank balances (₹3,538.34 crore), increased investments (₹1,030.76 crore), and higher fixed assets (₹4,250.30 crore).
Read More: Praj Industries Plunges 6.72%: What’s Really Behind the Profit Crisis?
Over the full financial year, net sales increased 9.19% to ₹24,085.24 crore. The Nutrient business contributed ₹21,652.28 crore (up 9.49%), while the Crop Protection segment grew 7.31% to ₹2,637.05 crore. Annual PBIT rose 4.60% to ₹2,569.05 crore, driven by a 25.36% rise in Crop Protection PBIT. Operating profit improved 9.57% to ₹2,628.32 crore, with a higher margin of 10.91%. PBIDT for the year rose 13.57% to ₹2,987.04 crore, and PBT grew 9.90% to ₹2,434.22 crore. Net profit for the year increased 25.84% to ₹2,066.46 crore.
Also See: Wall Street Drops Suddenly — Is a Recession Coming Soon?
Managing Director and CEO Mr. S. Sankarasubramanian attributed the growth to strong execution, higher sales volumes, and operational efficiencies. He highlighted key initiatives such as expansion into new states, addition of 100 retail stores, progress on new manufacturing projects at Kakinada, and capacity enhancements in Crop Protection. With increasing self-reliance in fertiliser production and investments in future-ready technologies like agri-drones and nano fertilisers, the company remains optimistic about sustaining its growth momentum. The promoters held a 56.96% stake as of 31 March 2025, and the company’s stock is currently trading at ₹2,214.
