UPL Reports Strong Q1 FY26 Performance with Double-Digit EBITDA Growth
By ScanX News Team
UPL Limited reported robust Q1 FY26 results with revenue up 2% to ₹9,216.00 crore and EBITDA growing 14% to ₹1,303.00 crore. The company saw improved margins and reduced net debt by ₹6,129.00 crore. Performance varied across platforms, with UPL SAS and Advanta showing strong growth, while UPL Corp faced challenges in Latin America. Regionally, India grew 21%, North America and Europe 8% each, while Latin America and Rest of World declined 10%. The company maintains its FY26 guidance of 4-8% revenue growth and 10-14% EBITDA growth.
*this image is generated using AI for illustrative purposes only.
UPL Limited , a global provider of sustainable agricultural products and solutions, has reported robust financial results for the first quarter of fiscal year 2026, demonstrating resilience in challenging market conditions.
Key Financial Highlights
- Revenue increased by 2% year-over-year to ₹9,216.00 crore
- EBITDA grew by 14% to ₹1,303.00 crore, with margin expanding to 14.1%
- Contribution margin improved significantly by 390 basis points to 43.4%
- Net debt reduced by ₹6,129.00 crore compared to June 2024
Platform Performance
UPL's performance across its various platforms showed mixed results:
| Platform | Revenue (₹ crore) | Growth (%) | Key Drivers |
|---|---|---|---|
| UPL SAS | 1,136.00 | 13 | Volume growth and new product launches |
| Advanta | 1,182.00 | 20 | Led by corn, grain sorghum, and sunflower seeds |
| SUPERFORM | 2,558.00 | 9 | Robust performance in super specialty chemicals |
| UPL Corp | 5,957.00 | -3 | Lower volumes in Latin America |
Regional Performance
- India: Robust growth of 21%, supported by strong performance in seeds and crop protection segments
- North America and Europe: Both regions reported 8% growth
- Latin America and Rest of World: Faced challenges, with revenues declining by 10% in each region
Management Commentary
Jai Shroff, Chairman & Group CEO of UPL Ltd., stated, "We are pleased to report a strong start to FY26, reflecting the strength of our portfolio. All the platforms have been able to improve margins and cash generation. The remarkable resilience demonstrated by all our platforms reaffirms that UPL is on the path of sustainable value creation."
Bikash Prasad, Group CFO, added, "We are pleased to report a robust financial performance in Q1FY26, underpinned by improved operational efficiency, focus on bottom line and prudent financial management. Effective capital management, reduction in net debt and improved gearing ratios reflect our continued focus on balance sheet strength and long-term sustainable value creation."
Outlook and Strategic Initiatives
UPL's management expressed confidence in the company's future prospects, maintaining its FY26 guidance of 4-8% revenue growth and 10-14% EBITDA growth compared to FY25. The company is also exploring opportunities to create value for shareholders through potential restructuring, strategic investments, and liquidity events.
Conclusion
Despite facing challenges in certain markets, UPL's diversified portfolio and focus on operational efficiency have enabled the company to deliver a strong performance in Q1 FY26. With improved financial metrics and strategic initiatives underway, UPL appears well-positioned for sustainable growth in the coming quarters.
Historical Stock Returns for UPL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.49% | -7.90% | -0.88% | +10.12% | +23.72% | +53.36% |
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