UPL Delivers Strong Q1 FY27 Results; Notes Seventh Consecutive Quarter of Revenue and EBITDA Growth

UPL Delivers Strong Q1 FY27 Results; Notes Seventh Consecutive Quarter of Revenue and EBITDA Growth​

UPL Limited reported robust unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), showcasing broad-based growth across its platforms despite prevailing macro headwinds. The company announced that it achieved its strongest net income in three years, highlighted by continued margin expansion and improved gearing ratios.

The consolidated figures showed UPL achieving revenue of ₹10,181 crore, a 10% increase year-over-year (YoY). Contribution from sales reached ₹4,607 crore, marking a 15% YoY rise with a margin of 45.2%, which is an improvement of 180 basis points (bps). EBITDA stood at ₹1,500 crore, reflecting a 15% YoY increase and achieving a margin of 14.7%, or 60 bps higher.

The company successfully managed its balance sheet, maintaining Net Debt despite the quarter's performance. Net Debt in Q1 FY27 was reported at $2.5 billion compared to $2.5 billion in June 2025. Furthermore, the Net Debt/EBITDA ratio improved to 2.4x from 2.6x recorded in June 2025.

Broad-based revenue growth across most platforms and regions was noted, with overall pricing rising by 3% compared to the previous year, aided by favorable foreign exchange conditions.

Segment Performance and Operational Highlights​

The Q1 FY27 results were driven by strong performances across UPL Corporation Ltd., Advanta, and SUPERFORM Chemistries Ltd. (SUPERFORM).

UPL Corporation Ltd. (UPL Corp)
UPL Corp recorded revenue of ₹6,374 crore, up 18% YoY. Its contribution reached ₹2,437 crore, registering a 38.2% increase—a rise of 340 bps—while the EBITDA was ₹532 crore, growing by 38% and achieving an 8.4% margin (up 190 bps). Mike Frank, CEO of UPL Corp, commented that international crop protection business showed resilience against a challenging macro backdrop, noting strategic pricing actions drove margins despite volume pressure in Europe.

Advanta
The Advanta segment saw revenue increase by 26% YoY, reaching ₹1,754 crore. The contribution reached ₹340 crore, marking a 29.8% rise, and EBITDA stood at ₹359 crore, growing 24% YoY with a margin of 20.4%.

SUPERFORM Chemistries Ltd.
SUPERFORM generated revenue of ₹2,919 crore. Its contribution grew by 14% YoY to ₹727 crore, while EBITDA reached ₹358 crore, showing a 7% YoY increase with a margin of 12.3%.

Regional and Platform Breakdown​

The consolidated company demonstrated balanced growth across its operational areas:


In terms of platform performance, the breakdown is as follows:

Management Commentary and Future Guidance​

Bikash Prasad, Group CFO of UPL Limited, highlighted that the results reflect a quarter of disciplined execution, extending the company’s profitable growth track record. He stated that financial strength was validated by CARE Edge upgrading UPL's long-term rating to CARE AA+ (Stable).

Looking ahead, UPL is guiding for full-year revenue growth between 7% and 11%, and EBITDA growth of 10% to 14%. Jai Shroff, Chairman & Group CEO, reiterated that global food demand continues to support the agricultural sector, emphasizing opportunities in the proposed single, focused global crop protection platform and unlocking value from seeds and post-harvest businesses.

UPL Stock Price Movement​

As of 3:28 PM, shares of UPL Limited are rallying as their stock price rises up 2.84%, trading strongly at ₹621.45. The company's equity maintains a dynamic profile during live market activity, seeing over 2.13 million shares changing hands.