UPL Limited filed its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026 (Q1 FY27) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

Consolidated Results:

  • Revenue: ₹10,181 crore, up 10% year-over-year (YoY) from ₹9,216 crore in Q1 FY26.
  • Contribution: ₹4,607 crore, up 15% YoY, with a margin of 45.2% (expanded by 180 basis points YoY).
  • EBITDA: ₹1,500 crore, up 15% YoY, with a margin of 14.7% (expanded by 60 basis points YoY).
  • Profit Before Tax (PBT): Improved by ₹80 crore compared to the previous year.
  • This represents the seventh consecutive quarter of revenue and EBITDA growth.
  • Net income (PATMI) was the strongest for a Q1 in the past three years.

Balance Sheet & Leverage:

  • Gross Debt: $3.0 billion, decreased from $3.1 billion in June 2025.
  • Net Debt: $2.5 billion, maintained at the same level as June 2025.
  • Net Debt to EBITDA: 2.4x, improved from 2.6x in June 2025.
  • Net Debt to Equity: 0.6x, maintained from June 2025.
  • Net Working Capital: 110 days, an increase of 24 days compared to June 2025, attributed to a strategic build-up of inventory and FX translation impact.

Platform-wise Performance

UPL Corporation Ltd:

  • Revenue: ₹6,374 crore, up 7% YoY.
  • Contribution: ₹2,437 crore, up 18% YoY, with a margin of 38.2% (expanded by 340 bps YoY).
  • EBITDA: ₹532 crore, up 38% YoY, with a margin of 8.4% (expanded by 190 bps YoY).
  • Growth was broad-based across regions, led by North America and Latin America.

UPL SAS (UPL Sustainable Agri Solutions Ltd.):

  • Revenue: ₹1,140 crore, described as 'positive' vs. ₹1,136 crore in Q1 FY26.
  • Contribution: ₹474 crore, up 28% YoY, with a margin of 41.6% (expanded by 890 bps YoY).
  • EBITDA: ₹340 crore, up 34% YoY, with a margin of 29.8% (expanded by 750 bps YoY).
  • Strong pricing action offset delayed weather conditions, leading to flat revenue but significant margin expansion.

Advanta Enterprises Ltd:

  • Revenue: ₹1,754 crore, up 26% YoY.
  • Contribution: ₹971 crore, up 24% YoY, with a margin of 55.4% (contracted by 50 bps YoY).
  • EBITDA: ₹359 crore, up 24% YoY, with a margin of 20.4% (contracted by 20 bps YoY).
  • Growth was led by field corn and sunflower, through higher volumes and pricing.

SUPERFORM Chemistries Ltd. (formerly UPL Speciality Chemicals Ltd.):

  • Revenue: ₹2,919 crore, up 14% YoY.
  • Strong growth in specialty chemicals (+51% YoY, driven by volume and price) and agchem (led by pricing).
  • Strong contribution growth was offset by higher overheads, leading to a 7% growth in EBITDA YoY.

Regional Revenue Performance (YoY Growth)

  • India: ₹2,602 crore, up 15% from ₹2,262 crore.
  • North America: ₹1,582 crore, up 18% from ₹1,337 crore.
  • Latin America: ₹2,603 crore, up 8% from ₹2,401 crore.
  • Europe: ₹1,598 crore, up 4% from ₹1,535 crore.
  • Rest of World: ₹1,797 crore, up 7% from ₹1,680 crore.

Management Commentary & Guidance

Jai Shroff, Chairman & Group CEO: Highlighted strong momentum and high-quality, profitable growth driven by resilient integrated platforms. Mentioned ongoing value creation opportunities through the proposed global crop protection platform and the value unlocking of seeds & post-harvest businesses.

Bikash Prasad, Group CFO: Emphasized disciplined execution and a track record of profitable growth. Noted that CARE Edge upgraded UPL's long-term rating to CARE AA+ (Stable). Provided full-year guidance for FY27:

  • Revenue Growth: 7% to 11%
  • EBITDA Growth: 10% to 14%

Investor Call Details

An earnings conference call was scheduled for 16:30 hrs IST on Monday, August 3, 2026. Dial-in numbers were provided for Singapore, Hong Kong, USA, UK, and a universal line. A replay was available until August 10, 2026.