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    [news_id] => 4875
    [news_heading] => UPL posts record FY26 profit growth, cuts debt sharply
    [language_id] => 1
    [parent_id] => 0
    [full_story] => 

MUMBAI, 12 May 2026: Mumbai-based UPL Limited reported a strong set of fourth-quarter and full-year FY26 results, outperforming its guidance across revenue, profitability, and leverage metrics despite ongoing global macroeconomic challenges in the agriculture sector.

The company posted consolidated Q4FY26 revenue of ₹18,335 crore, up 18 per cent year-on-year, while EBITDA rose 13 per cent to ₹3,646 crore. Contribution margins improved to 38.6 per cent, supported by higher capacity utilisation and lower input costs.

For the full financial year FY26, revenue increased 11 per cent to ₹51,839 crore, while EBITDA climbed 18 per cent to ₹9,588 crore. Profit before tax surged nearly four times compared to the previous year, and operational PATMI more than doubled.

UPL also significantly strengthened its balance sheet during the year. Gross debt declined by $850 million to $2.3 billion, while net debt fell by $405 million to $1.6 billion. Net debt-to-EBITDA improved to 1.6x from 2.1x a year ago, outperforming management guidance.

Strong global demand supports growth

According to Jai Shroff, Chairman and Group CEO of UPL, the company’s integrated manufacturing platform and innovation-led approach helped it navigate macroeconomic headwinds, including weak commodity prices, farm stress, and geopolitical disruptions.

The company witnessed broad-based growth across geographies, led by North America, Europe, and Latin America. UPL Corporation, the crop protection business, recorded FY26 revenue growth of 11 per cent to ₹38,277 crore, while EBITDA rose 20 per cent.

Seed business Advanta emerged as one of the strongest performers with 23 per cent revenue growth in FY26, driven by higher field corn volumes and improved operational efficiencies.

UPL’s specialty chemicals platform SUPERFORM also delivered margin expansion, supported by growth in contract manufacturing and super-specialty chemicals.

Focus on sustainability and farmer resilience

Management said rising global food demand continues to create long-term opportunities for crop protection, bio-solutions, and seed technologies. The company reiterated its focus on sustainable agriculture and farmer resilience through innovation-driven solutions.

Bikash Prasad, Group CFO, said UPL’s improved profitability and deleveraging were driven by disciplined capital management, operational excellence, and proactive refinancing measures aimed at enhancing liquidity and long-term financial stability.

The company said its future strategy will remain focused on accelerating profitable growth while expanding sustainable business streams across the agricultural ecosystem.

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