Coromandel Expands Global Reach With Baobab Stake Buy; Q1 Revenue Hits ₹70.42 Billion

Coromandel International Ltd has deepened its international footprint by acquiring an additional 17.69 percent stake in Baobab Mining and Chemicals Corp, a strategic move aimed at securing upstream raw material access for its phosphatic fertilizer operations. The announcement coincides with the company’s Q1 FY26 financial results, which reflect steady performance amid global volatility.

 

Key Highlights From The Baobab Acquisition

 

- The stake increase brings Coromandel’s total holding in Baobab Mining to over 26 percent, strengthening its control over rock phosphate sourcing from Senegal

- The transaction aligns with the company’s backward integration strategy and supports its Kakinada acid complex expansion

- Baobab’s assets include high-grade phosphate reserves critical for Coromandel’s NPK and DAP production

 

Q1 FY26 Financial Performance

 

- Consolidated revenue from operations stood at ₹70.42 billion, driven by stable volumes in crop nutrition and protection segments

- Net profit came in at ₹5.05 million, impacted by higher input costs and seasonal demand fluctuations

- EBITDA margin contracted slightly due to raw material price volatility and delayed monsoon onset in key markets

 

Strategic Outlook

 

- The Baobab stake acquisition complements Coromandel’s recent USD 7.7 million overseas buy and ₹1.37 billion capex for its Kakinada bagging plant

- These moves reinforce the company’s ambition to become a vertically integrated agri-solutions provider with global sourcing capabilities

- Management remains focused on scaling nano fertilizers, drone spraying services, and expanding retail reach across India

 

Sources: Economic Times, Business Standard, Coromandel International Filings, Indian Chemical News, Moneycontrol, Screener.in.