COROMANDEL Q4 FY26 Guidance vs Delivery (COROMANDEL Management Mirror)

Fertilizer EBITDA Margins

Management is actively engaging with the government for additional subsidies to offset sharp raw material cost increases for an intervening period (Jun'26 to Sep'26) and hopes for a yearly resolution, shifting from the Dec'25 Qtr guidance that maintained an annualized EBITDA target of INR 5,000 to INR 5,500 per ton despite short-term margin pressures, which originally reaffirmed the Sep'25 Qtr target of a minimum INR 5,500 EBITDA per ton. [Status: Downgraded]