Global sustainable agriculture and crop protection giant UPL Ltd.  has released its financial results for the first quarter of fiscal year 2027 (ended June 30, 2026), demonstrating a clear recovery trajectory driven by broad-based volume growth and stronger regional demand.

The agrochemical major’s first quarter revenue from operations increased to Rs. 10,181 crore from Rs. 9,216 crore, a year ago. Total income for the quarter stood at Rs. 10,398 crore, for the period.

The company significantly narrowed its financial losses for the first quarter of FY27, posting a net loss of Rs 73 crore compared to a Rs 176 crore loss in Q1 FY26. The company's loss before exceptional items and tax also saw an improvement, dropping to Rs 100 crore from Rs 181 crore in the year-ago period. EBITDA was at Rs. 1,500 crore, an increase of 15% from prior year. The company reported profit attributable to owners of the Parent of Rs. 10 crore compared to a loss of Rs. 88 crore, last year.

The bottom-line recovery was largely supported by disciplined cost management, lower net finance costs, and improved contribution margins across core operational platforms. Regional sales showed resilience, led by steady demand across Latin American and European agricultural sectors despite ongoing global supply chain and pricing shifts.

The company described the June quarter as its seventh consecutive quarter of revenue and EBITDA growth, adding that it delivered its strongest first-quarter net income in three years.

Growth was broad-based across all units, led by Advanta at 26%, SUPERFORM at 14%, and UPL Corp at 7%. India and the Americas drove regional gains, supported by global markets. Margins rose 180 basis points due to better pricing, higher plant use, and a strong product mix.

Jai Shroff, Chairman & Group CEO, UPL Limited said, “Rising global food demand continues to keep seeds, crop protection and bio-solutions at the heart of agriculture, a structural need that endures despite the current macro uncertainty. Against this very backdrop, we have begun FY27 with strong momentum and high-quality, profitable growth, backed by the resilience of our integrated platforms.

We continue to see significant opportunities to create value for our shareholders, through the proposed single, focused global crop protection platform and the value unlocking of our seeds & post-harvest businesses, while leveraging the synergies of our shared manufacturing, R&D and innovation. At this vantage point, our focus remains absolute, "Accelerating Profitable Growth” as we convert this clarity into long-term value for all our stakeholders.”

Bikash Prasad, Group CFO, UPL Limited, added, “This was a quarter of disciplined, high-quality execution, extending our track record of profitable growth into FY27. With broad-based topline growth across platforms, our focus on profitable growth is clear in our expanding margins and improving return ratios, even as we maintained net debt and improved gearing despite the seasonality led increase in working-capital.

This financial strength continues to be validated, with CARE Edge upgrading UPL's long-term rating to CARE AA+ (Stable), a strong endorsement of our strengthened credit profile. Backed by this foundation and our confidence in the year ahead, we are guiding for full-year revenue growth of 7–11% and EBITDA growth of 10–14%. With a resilient core, a stronger balance sheet and disciplined execution, we are well positioned to deliver another year of profitable, high-quality growth.”

Looking ahead to the remainder of fiscal 2027, UPL management issued a confident growth projection with revenue growth guidance estimated between 7% and 11%. EBITDA Growth Guidance is projected to range from 10% to 14%.