Coromandel International Q1 Profit Dips Amid Margin Pressure

!Coromandel 📊 Quarterly Performance Snapshot: Q1 FY24 vs Q1 FY23 ✅ Net Profit: ₹380 Cr, down from ₹505 Cr YoY ✅ EBITDA: ₹760 Cr, slightly lower than ₹780 Cr YoY ✅ EBITDA Margin: 9.3%, decreased from 11.1% YoY 🔍 What’s Driving the Change? - Decline in net profit reflects rising input costs and margin compression - EBITDA held relatively steady despite challenging commodity prices 🚦 Forward Look: - If input cost pressures ease, margins could stabilise in upcoming quarters - Monitor raw material trends and government policies impacting fertiliser subsidies