Vanguard Invests Over ₹800 Crore in GHCL and UPL During Q3FY26

Global investment giant Vanguard Fund has made strategic fresh investments in two Indian companies during Q3FY26, signaling renewed confidence in India's growth story. The investments, totaling over ₹800.00 crore, demonstrate Vanguard's continued interest in quality domestic companies with strong fundamentals and long-term value creation potential.

Vanguard's Investment Portfolio in India

As per the latest corporate shareholdings filed, Vanguard Fund publicly holds 42 stocks with a combined net worth of over ₹67,242.90 crore. The fund's recent additions to its Indian portfolio reflect its strategic approach to identifying companies with steady earnings visibility and growth prospects in a resilient market environment.

GHCL Limited Investment Details

Vanguard Fund acquired 957,674 equity shares in GHCL Limited, representing a 1.04% stake in the company as of December 2025. The investment is valued at ₹52.79 crore, marking the fund's entry into this diversified Indian company.

GHCL Limited operates as a diversified company with strong presence in soda ash manufacturing and textiles. The company is among India's leading soda ash producers, serving glass, detergent, and chemical industries, while its textile business focuses on premium home furnishings with growing domestic and export reach. In Q2FY26, the company reported revenue of ₹721.00 crore and net profit of ₹107.00 crore.

UPL Limited Investment Strategy

Vanguard Fund made a substantial investment in UPL Limited by acquiring 9,725,220 equity shares, equivalent to a 1.15% stake in the company as of December 2025. This investment, valued at ₹749.00 crore, represents the larger of the two fresh investments made by the fund.

UPL Limited operates as a global agrochemicals and crop protection company, offering seeds, crop nutrition, and post-harvest solutions. With operations across 130+ countries, the company focuses on sustainable agriculture, integrated farming solutions, and helping farmers improve productivity while reducing environmental impact. The company reported impressive financial performance in Q2FY26 with revenue of ₹12,019.00 crore and net profit of ₹612.00 crore.

Market Performance Analysis

The two companies show contrasting recent performance trends. GHCL Limited's stock declined 17.59% over the past year, though it maintains strong long-term returns of 162.82% over five years. UPL Limited demonstrates more positive momentum with gains of 45.00% over the past year and 17.00% in the last six months, reflecting sustained investor confidence.

Strategic Investment Implications

Vanguard's fresh investments in these two companies highlight the fund's diversified approach to the Indian market. The selection spans different sectors - manufacturing and agrochemicals - indicating confidence in India's structural growth across various industries. These investments demonstrate institutional faith in companies with established market positions and strong operational fundamentals.