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UPL reported revenue of Rs 11,090 crore in 2QFY25, up 9 per cent Y-o-Y, with volume growth of 16 per cent offsetting price decline of 7 per cent
The management said the market is witnessing pricing pressure given the high base of previous year and aggressive price competition has seen from the Chinese post patent exporters.
UPL reported Rs 8,963 cr in revenue with India accounting for Rs 2,054 crore of the total revenue. Ebitda down 32% at Rs 1,593 cr
Lower debt levels, inexpensive valuations are positives
Higher demand to keep revenue growth strong in the second half of FY23
KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.
The company's net profit stood at Rs 1,065 crore in the corresponding quarter of the previous financial year, UPL said in a statement
As India and Europe business saw muted performance, Latin America growth pulls up UPL's performance
UPL's management had already cut growth guidance to 8-10 per cent