The Board of Directors of Coromandel International Limited has approved the financial results of the company for the quarter and year ended 31st March 2025. Additionally, The Board has recommended final dividend of Rs. 9 per share (900% on face value of Rs. 1 per equity share) for the financial year 2024-25.

The Board has also approved the appointment of Natarajan Srinivasan as Executive Vice Chairman. He brings with him a wealth of experience and strategic acumen, further strengthening the leadership team as the company enters its next phase of growth and transformation.

Commenting on the financial results, S Sankarasubramanian, Managing Director & CEO, Coromandel International: We are pleased to report a strong performance for FY24-25, driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and disciplined execution of strategic initiatives.

Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive – Agri drone spraying and Nano fertilisers. The Retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark.

On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8%. The upcoming Phosphoric acid and sulphuric acid project at Kakinada is progressing as per plan and will be commissioned early next year. Alongside this, the setting up of the new Granulation Train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain.

In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally.