UPL Q4 FY26 Results: Revenue Rises 18%, EBITDA Up 13%

UPL Limited reported strong Q4 FY26 results, with growth in revenue, contribution margin and Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA). The company said it also improved profitability sharply during FY26 while reducing debt levels and outperforming its guidance across key metrics.

Revenue rose 18% year-on-year (YoY) to ₹18,335 crore. Contribution increased 19% YoY to ₹7,069 crore, while contribution margin improved by 50 basis points to 38.6%.

On 11 May 2026, UPL’s share price increased by 3.56% to close at ₹669 on the National Stock Exchange.

Q4 FY26 Performance

EBITDA for the quarter stood at ₹3,646 crore, up 13% YoY. However, EBITDA margin declined by 90 basis points to 19.9%. The company said growth was driven mainly by higher volumes and favourable foreign exchange movement.

UPL added that performance during the quarter was supported by strong growth across platforms, with UPL Corp growing 20%, Advanta rising 23%, and SUPERFORM increasing 10%. Region-wise, North America and Europe led the growth.

The company also reported a 37% YoY rise in profit before tax (PBT) during Q4 FY26.

FY26 Summary

For the complete FY26, UPL reported revenue of ₹51,839 crore, up 11% YoY. Contribution rose 17% to ₹21,338 crore, while EBITDA increased 18% to ₹9,588 crore. EBITDA margin improved by 110 basis points to 18.5%.

UPL also reduced its gross debt by $850 million year-on-year to $2.3 billion, while net debt declined by $405 million to $1.6 billion. Net debt-to-EBITDA ratio improved to 1.6x from 2.1x in March 2025.

The company’s board has recommended a dividend payout of ₹6 per share, once approved by its members.

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Source:

Company Press Release