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Pabhudas Lilladher Report
Coromandel International Ltd. reported in-line set of results with topline/Ebitda/adjusted profit after tax growth of 8%/16%/26%.
The tailwinds of supportive raw material cost environment in fertiliser segment will likely convert to headwinds with rising prices.
India contracted price of phosphoric acid for Q4, has been set at $795/trillion (up 35% YoY and 15% month-on-month).
Price of rock phosphate, sulphur and ammonia are also on upward trajectory.
Moreover, the company will unlikely have support of healthy volume growth in FY22 due to high base and capacity constraints and lower marketing and travel cost.
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