Earnings Outlook
South Indian mkt share seen driving Coromandel Q2 results
This story was originally published at 18:04 IST on 28 October 2025
Register to read our real-time news.Informist, Tuesday, Oct. 28, 2025
By Udita S. Jaiswal
MUMBAI – Coromandel International Ltd. is expected to report healthy growth in sales and net profit for the September quarter, driven by strong market share in its key south Indian market. However, the profit and revenue growth gains are expected to be limited due to the impact of an extended monsoon.
Though the kharif season was off to a strong start, it ended on a bad note due to excessive rainfall at the end of the southwest monsoon, Nuvama Wealth Management Ltd. said.
The agrochemicals company is expected to report a net profit of INR 7.52 billion in the September quarter, up over 13% on year, according to the average of estimates from four brokerages. The estimates for net profit range from
INR 7.07 billion by Nuvama to INR 7.87 billion by Nirmal Bang Equities Pvt. Ltd.
The company's net sales are expected to be INR 86.54 billion during the quarter, up over 16% year on year, according to the average of estimates. The lowest estimate for net sales is INR 81.00 billion by Nuvama and the highest is INR 96.52 billion by Nirmal Bang.
The rise in the company's sales will also be driven by high single-digit growth in its crop protection segment, Motilal Oswal Financial Services Ltd. said. The company's fertiliser manufacturing volume is expected to grow by 9%, while trading growth is seen at a much lower 2%, according to Nuvama.
Coromandel International is an agrochemicals company that actively manufactures, markets, and trades a wide array of farm inputs and solutions across the entire agricultural value chain. The company primarily operates in two segments: nutrient and crop protection. The company's earnings before interest, tax, depreciation, and amortisation is seen at INR 11.12 billion, up from INR 9.75 billion in the same quarter last year, according to the average estimate from four brokerages.
Of the six brokerage reports on the company available with Informist, five have a "buy" recommendation on the stock with an average target price of INR 2,632 and one has a "hold" rating.
Tuesday, the company's shares ended at INR 2,241 on the National Stock Exchange, down 0.2% from the previous close. The stock is down nearly 8% since the company announced its June quarter earnings.
Coromandel's sales in the June quarter rose 48.9% on year to INR 70.42 billion and its net profit rose 62% to INR 5.05 billion. The company will announce its September quarter earnings on Thursday.
Following are the Jul-Sept earnings estimates for Coromandel International from four brokerage firms in descending order of the estimate of net profit:
Broking Firm | Net sales (in INR million) | Net profit (in INR million) | EBITDA (in INR million) |
Nirmal Bang Equities Pvt Ltd. | 96,524 | 7,867 | 11,570 |
Motilal Oswal Financial Services Ltd. | 85,817 | 7,687 | 11,176 |
Elara Securities (India) Pvt Ltd. | 82,836 | 7,472 | 10,987 |
Nuvama Wealth Management Ltd. | 81,000 | 7,065 | 10,730 |
Average | 86,544.25 | 7,522.75 | 11,115.75 |
End
Edited by Saji George Titus
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