Coromandel International Buys 53% Stake in NACL for ₹820 Crore 🌾

Big Acquisition in Agrochemicals

Coromandel International has bought a 53% stake in NACL Industries for ₹820 crore, making it a key player in India’s crop protection industry. They may also acquire another 26% through an open offer soon.

Why This Deal Matters

This move will expand Coromandel’s reach, boost contract manufacturing, and broaden its product portfolio. NACL has plants in Andhra Pradesh and an R&D center near Hyderabad, adding value to Coromandel’s business.

Strong Financial Performance

Coromandel reported a 2x jump in net profit in Q3 FY25, reaching ₹507.91 crore (vs. ₹228.11 crore last year). Revenue grew 27.63% to ₹7,048.86 crore.

What’s Next?

The deal should be completed in a few months, strengthening Coromandel’s position in agrochemicals while unlocking new growth opportunities.