)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
UPL
UPL (UPL) investor relations material
UPL Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary2 Nov, 2026
Executive summary
Eighth consecutive quarter of margin and EBITDA improvement despite difficult agricultural markets and elevated input, freight and energy costs.
Q2 EBITDA rose 5% and H1 EBITDA 9%; margins expanded 120 bps in Q2 and 80 bps in H1.
Advanta and SUPERFORM growth partly offset softer crop-protection performance and weather-related demand pressure.
Financial highlights
Q2 revenue was ₹11,860 crore, down 1% YoY; volumes fell 10%, pricing was flat and currency contributed 9%. H1 revenue rose 4% to ₹22,041 crore.
Q2 EBITDA rose 5% to ₹2,312 crore, with margin up 120 bps to 19.5%; H1 EBITDA rose 9% to ₹3,812 crore, with margin up 80 bps to 17.3%.
Q2 consolidated net profit was ₹452 crore and H1 net profit ₹379 crore; operational PATMI was ₹422 crore in Q2 and ₹441 crore in H1.
Q2 contribution grew 1% to ₹5,087 crore, with margin up 100 bps to 42.9%; H1 contribution rose 7% to ₹9,693 crore, with margin up 140 bps to 44%.
Exceptional items were ₹1 crore in Q2 and ₹10 crore in H1, versus losses of ₹142 crore and ₹133 crore, respectively, in the prior-year periods.
Outlook and guidance
FY27 revenue growth guidance remains 7%-11% and EBITDA growth 10%-14%; management remains comfortable subject to macro developments.
H1 represented ~40% of revenue, with ~60% expected in seasonally larger H2; crop-protection volumes are expected to increase, though cost pressures may moderate growth.
Guidance assumes no further adverse weather, including El Niño, and no major West Asia escalation disrupting logistics or input prices; priorities include margin improvement, higher PATMI and deleveraging.
Medium-term leverage guidance remains 1.5x; FY28 guidance was considered premature amid weather and market uncertainty.
SUPERFORM expects revenue and EBIT momentum to continue for the next two quarters if macro conditions remain unchanged.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from UPL
- Sales and exports grew, but surging interest costs cut PAT 43%.UPL
Q4 96/97 - Lower agrochemical prices cut FY98 profit as exports held steady and risks persisted.UPLQ4 97/98
- Search Chem’s sharp loss contrasted with profitable subsidiaries and a recovery plan built on new plants and exports.UPLQ4 98/99
- Mixed subsidiary results: Search Chem struggled as service and trading units delivered profits.UPLQ4 99/00
- Flat sales, lower profits; export growth and weather-dependent recovery ahead.UPLQ4 00/01
- Revenue surged on global expansion, but net profit stayed flat and operating cash flow turned negative.UPLQ4 11/12
- Sales rose 13% and PAT more than doubled, despite material Search Chem and accounting risks.UPLQ4 01/02
- Exports lifted results amid drought as a manufacturing demerger awaited court approval.UPLQ4 02/03
- Demerger-driven growth, export strength and acquisitions lifted FY04, with currency and weather risks persisting.UPLQ4 03/04
Next UPL earnings date
Q3 26/271 Feb, 2027
UPL
Next UPL earnings date
Q3 26/271 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
UPL Limited engages in the provision of sustainable agriculture products and solutions in India and internationally. It offers crop protection, seed protection, and nutrition products, as well as integrated agri-inputs and productivity solutions through genetically modified seeds. The company's Agriculture Solutions segment makes bio-stimulants and biopesticides; micronutrients; and seed treatment products, including seed treatment chemicals that inhibit germination of weed seeds. Its Performance Products segment provides customized specialty performance chemicals for use in various industries, such as personal care, agrochemical intermediates and fine chemical applications, food ingredients, industrial biocides, pharmaceutical intermediates, oilfield chemicals and specialty water treatment chemicals.