UPL Q4 Results: Stock falls from the highs after FY26 revenue, EBITDA guidance disappoints

UPL Corporation expects revenue growth in financial year 2026 to be between 4% and 8%, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is seen growing between 10% and 14% during the new financial year.

However, the stock is off the highs of the day as the company’s revenue growth guidance is the same as financial year 2025, while its EBITDA growth guidance is well below the FY25 level of 50%.

For the March quarter, UPL reported 11% growth in its topline to ₹15,573 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 68% from last year.
EBITDA margin during the quarter increased to 20.79% from 13.7% during the same quarter last year.

Revenue growth during the quarter was led by volume growth and robust performances across businesses, UPL wrote in its post-earnings statement. For the full year, revenue growth was led by volume growth in crop protection, seeds and specialty chemical markets.

UPL also managed to reduce its net debt during the quarter to ₹8,320 crore from ₹13,860 crore during the same quarter last year, aided by strong operating free cash flow of ₹4,450 crore and proceeds from two capital transactions.

The company has also announced a dividend of ₹6 per share for its shareholders post the results.

Shares of UPL are now off the day’s high, currently trading 1.3% lower to ₹665. The stock is up 33% so far in 2025.