UPL Targets 7–11% Revenue Growth In FY27! Why Is Management Cautious On H2? | Business News | ET Now
ET Now · 11 Nov 2026 · 9 min
Management interview of UPL Ltd (UPL), with 11 key numbers discussed.
- Bikash Prasad, Group CFO, UPL
UPL reported its eighth consecutive quarter of margin, EBITDA, and operational PATMI growth in Q2 FY27, led by strong performance in seeds platform Advanta and specialty chemicals business Superform. The company maintained its full-year FY27 guidance of 7-11% revenue growth and 10-14% EBITDA growth. Management raised its FY27 capex and investment plan to around USD 425mn, up from the typical USD 225mn. While global headwinds and farmer income stress in Latin America persist, management expects seasonal cash releases in Q4 to bring net debt to USD 1.6-1.7bn by March 2027.