| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 749.43 | 26.5% | 5.8% |
| Total Income | 749.43 | 26.5% | 5.8% |
| Expenditure | 681.78 | 22.0% | 6.6% |
| PBT | — | ||
| Net Profit | 34.17 | 302.0% | 31.7% |
| OPM | 9.03% | 3.32pp | 0.68pp |
| NPM | 4.56% | 3.13pp | 0.90pp |
| EPS | 1.36 | 300.0% | 30.8% |
Universal Corporation Reports Q2 2026 Revenue Up 6%, Operating Income Down 2%
04 May 2026 · 4 May, 8:01 am
Summary
Universal Corporation announced its financial results for the second quarter and first half of fiscal year 2026. Revenue increased by 6% to $754.2 million for the quarter and 3% to $1,347.9 million for the first half. Operating income rose 18% for the first half but decreased 2% for the second quarter. The Ingredients Operations segment saw an 18% revenue increase, while the Tobacco Operations segment's revenue grew by 5% during the quarter.
Key Highlights
- 1
Universal Corporation reported a 6% increase in revenue to $754.2 million for the second quarter of 2026.
- 2
For the first half of fiscal year 2026, revenue increased by 3% to $1,347.9 million.
- 3
Operating income for the first half of fiscal year 2026 increased by 18% to $101.5 million.
- 4
Net income attributable to Universal Corporation increased by 32% to $34.2 million for the second quarter of 2026.
- 5
Ingredients Operations segment revenue increased by 18% in the second quarter of 2026.
- 6
Tobacco Operations segment revenue increased by 5% in the second quarter of 2026.
- 7
Diluted earnings per share increased by 32% to $1.36 for the second quarter of 2026.
Management Comments
Preston D. Wigner
We are proud of the strong operational performance of both of our business segments in the first half of fiscal year 2026. Our Tobacco Operations segment achieved solid results. Customer demand has remained firm following several years of undersupply, despite significantly larger tobacco crops this fiscal year. Tobacco buying has been completed in most key growing regions, and green tobacco prices have softened in certain regions compared to the previous fiscal year. Shipments are progressing smoothly, and current crop tobacco is being shipped earlier than in the prior fiscal year. Overall, the segment has once again demonstrated effective management in navigating market dynamics. Our Ingredients Operations segment maintained positive momentum, achieving higher sales and volume in both the quarter and six months ended September 30, 2025. Continued interest in new value-added products has translated into an active pipeline, supported by Universal Ingredients' enhanced production and operational capabilities. Demand for our new products remains solid, while fixed costs, product mix, and market challenges, including weakness in the consumer-packaged goods industry and tariff uncertainty, had a negative impact on earnings. The segment’s proactive approach to meeting customers’ strategic needs, focusing on organic growth, and converting customer interest into sales will continue to build scale and generate returns on our investments. We believe the segment continues to be well-positioned to capitalize on its investments and drive future growth. Our continued progress in expanding renewable electricity use demonstrates Universal’s commitment to operational efficiency and environmental stewardship. Investing in clean energy supports our sustainability goals and strengthens the resilience of our operations while creating long-term value for our stakeholders.
Gregory A. Trojan
Universal is an industry leader with a long history of delivering shareholder value and building strong relationships across its global network of customers, farmers and suppliers. I’m excited to join the Board at a moment where we are positioning the company for long-term growth and look forward to contributing to Universal’s continued success.
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