Coromandel International: H2 Looks Promising Owing To Better Rabi Season, Says Motilal Oswal
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Motilal Oswal Report
In this report, we have analyzed the sowing movement in Coromandel International Ltd.’s key states and corresponding fertilizer volume data. Here are the key highlights -
Nitrogen, phosphorous and potassium fertilizer is driving overall manufacturing volumes, with double-digit growth in key states in Q3 FY21 (as per the Ministry of Fertilizers).
Andhra Pradesh, Telangana, and Maharashtra would lead NPK fertilizer’s growth.
An increase in rabi paddy and chilly sowing acreage in the company’s key markets would prove beneficial.
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