UPL Limited Reports 18% Revenue Growth Amid Global Crop Demand Recovery
UPL posts 18% revenue rise on global crop protection recovery
The Economic TimesImage: The Economic Times
UPL Limited, based in Pune, India, reported an 18% increase in quarterly revenue, reaching ₹18,335 crore ($2.2 billion USD) due to a global recovery in crop protection demand. Despite a 9% decline in sales in India, the company's annual revenue rose 11% to ₹51,839 crore ($6.3 billion USD), bolstered by strong performance in North America and Europe.
- 01UPL's quarterly revenue rose by 18% to ₹18,335 crore ($2.2 billion USD).
- 02Annual revenue increased by 11% to ₹51,839 crore ($6.3 billion USD).
- 03Sales in India declined by 9% despite overall growth.
- 04Net profit for the fourth quarter reached ₹1,294 crore ($156 million USD), up from ₹1,079 crore ($130 million USD) the previous year.
- 05The company's gross debt was reduced by $850 million compared to March 2025.
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UPL Limited, a major agrochemical and seed manufacturer based in Pune, India, reported an 18% increase in quarterly revenue, amounting to ₹18,335 crore ($2.2 billion USD) for the quarter ending March. This growth was attributed to a recovery in global demand for crop protection products and a 23% increase in its seeds business, Advanta. Despite this, sales in India experienced a 9% decline. For the fiscal year, UPL's total revenue rose 11% to ₹51,839 crore ($6.3 billion USD), while net profit for the fourth quarter climbed to ₹1,294 crore ($156 million USD) from ₹1,079 crore ($130 million USD) the previous year. The company's earnings before interest, tax, depreciation, and amortization (EBITDA) also rose by 18% to ₹9,588 crore ($1.15 billion USD), with margins expanding to 18.5%, indicating improved operating efficiency. UPL further strengthened its balance sheet by reducing gross debt by $850 million compared to March 2025, aided by robust cash flows and improving market conditions.
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The decline in sales in India could affect local farmers' access to crop protection products, potentially impacting agricultural productivity.
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