UPL FY26 Net Profit Surges 2.5x, Debt Down $850M

UPL reported record FY26 performance with operational PATMI exceeding 2.5x prior year and PBT nearly 4x higher, beating all guidance metrics.
The company significantly deleveraged its balance sheet, reducing gross debt by $850 million and net debt by $405 million year-over-year.
Revenue growth of 11% YoY to ₹51,839 crore was driven by volumes and favorable FX, with contribution margin expanding 220 bps to 41.2%.
All major platforms showed strong growth with UPL Corp up 20%, Advanta up 23%, and SUPERFORM up 10% in Q4, while regions led by Americas and Europe.