UPL Ltd Reports Double-Digit EBITDA Growth in Q1FY26, Driven by Contribution Margin and Improved Leverage

UPL Ltd, a leading global provider of sustainable agriculture solutions, has reported a robust Q1FY26 performance with double-digit EBITDA growth led by contribution margin. The company's revenue contribution stands at 29,216 Cr, 42% YoY, with a margin of 43.4%. The net debt is at 21,371 cr, 2.6X a vs. 5.4x Jun’24. The company's revenue growth is driven by improved pricing and favorable foreign exchange rates. The regional performance shows robust growth in India, North America, and Europe, offset by Latin America and Rest of World. The networking capital is at 86 days, and the net debt is reduced by 6,129 cr vs. LY. The company has also announced the redemption of perpetual bonds of €3,409 cr ($400Mn) on its first call date in May’25 and the second and final call for rights issue partly-paid equity shares for balance $200Mn.