Coromandel International

Coromandel International reported a modest decline in net profit for the third quarter, with earnings slipping 4 percent year over year, reflecting a challenging operating environment for the agri-inputs sector. The performance was shaped by fluctuating raw material costs, uneven fertilizer demand and pricing pressures across key markets. Despite the dip, the company maintained operational stability, supported by disciplined cost controls and a diversified portfolio spanning fertilizers, crop protection and specialty nutrients.

Coromandel International has announced plans to set up a state-of-the-art research center at the Indian Institute of Technology (IIT) Madras, aimed at advancing agricultural innovations, sustainable crop solutions, and next-generation agrochemicals. The collaboration seeks to combine Coromandel’s industry expertise with IIT Madras’s academic research capabilities, fostering innovation in crop nutrition, precision agriculture, and environmentally responsible practices.

In a strategic diversification move, Coromandel Chemicals Ltd, a wholly owned subsidiary of Coromandel International Ltd, has formed a joint venture with Sakarni Plaster India Pvt Ltd to manufacture and market eco-friendly construction materials derived from phospho gypsum. The initiative signals Coromandel’s pivot from its traditional agri-inputs business into the green building space, while also strengthening Sakarni’s leadership in the gypsum products segment.

In a significant update to its global equity benchmarks, MSCI has announced the inclusion of FSN E-Commerce Ventures Ltd (parent of Nykaa) and Coromandel International in its MSCI India Index, effective May 30, 2025. The move, stemming from MSCI’s quarterly review of its Global Standard Indexes, is expected to impact foreign fund flows into these stocks. Simultaneously, the MSCI Global Smallcap Indexes will see the addition of 11 new companies and the exclusion of 22, reflecting ongoing recalibrations in market capitalization thresholds and investor interest.