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26-Apr-2024

Coromandel International

Margin pressure


'Consolidated net sales (including other operating income) of Coromandel International has declined 28.55% to Rs 3912.72 crore.  Sales of Nutrient & Other Allied Business segment has gone down 30.95% to Rs 3,370.23 crore (accounting for 85.66% of total sales).  Sales of Crop Protection segment has gone down 8.29% to Rs 564.41 crore (accounting for 14.34% of total sales).  Inter-segment sales rose Rs 20.26 crore to Rs 21.91 crore. 

Profit before interest, tax and other unallocable items (PBIT) has slumped 27.13% to Rs 314.63 crore.  PBIT of Nutrient & Other Allied Business segment fell 25.80% to Rs 251.52 crore (accounting for 79.94% of total PBIT).  PBIT of Crop Protection segment fell 31.97% to Rs 63.11 crore (accounting for 20.06% of total PBIT). 

PBIT margin of Nu...



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