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UPL witness robust growth of 24% in revenues in Q4 FY22qrcode

May. 10, 2022

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May. 10, 2022

UPL Ltd. (NSE: UPL & BSE: 512070, LSE: UPLL), has reported financial results for the fourth quarter of FY22 (Jan-Mar 2022).

Financial Performance Update


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  • Q4 FY22 Revenue witnessed robust growth of 24% YoY to reach INR 15,860 crore, led by better product realizations (+19%), higher volumes (+3%) and currency impact (+2%)

  • Q4 FY22 EBITDA grew by 26% YoY to INR 3,591 crore as against INR 2,839 crore in Q4 FY21. Improved realizations, backward integration linkages for key products and effective supply chain management aided in delivering higher EBITDA margins (+46 bps)


Commenting on the performance, Mr. Jai Shroff, CEO – UPL Ltd.,saidWe are delighted to share a strong set of results for Q4 2022, and another record year for UPL. Thanks to the dedication, agility and tenacity of our team, we have been able to significantly outperform the guidance given at the start of the year, with nearly every region seeing double-digit growth. FY22 was a year of challenging macro-environment, input cost inflationary pressures and supply chain disruptions and we chose to prudently invest towards ensuring reliable growth going forward.

Guided by our OpenAg purpose to create sustainable growth for all, we achieved important milestones in our mission to build a network that Reimagines Sustainability for the entire agricultural industry. In a significant achievement for this mission, our digital platform nuture.farm became the first company to successfully forward sell agricultural-related carbon credits in India.

As we look ahead into the new year, we feel very well-positioned to further power our growth trajectory as the demand outlook continues to be constructive supported by strong agri commodity prices. The positive traction in our differentiated & sustainable solutions business is expected to continue, led by new launches and a strong go-to market strategy. Further, we will continue to improve our leverage ratios and ROCE profile.


Regional Performance Update

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Other Developments for the Quarter


  • ‘UPL’ was included in the ‘S&P Global Sustainability Yearbook 2022’ for the second year running in recognition of its strong performance in environmental, social and governance risk management and its achievements in Reimagining Sustainability within the global food industry

  • ‘Nurture.farm’, UPL’s digital platform for sustainable agriculture, became the first company to successfully generate and forward sell agricultural-related carbon credits in India with its Alternate Wetting and Drying & Dry Seeded Rice (AWD-DSR) project covered 22,000 acres of rice paddy fields and involved over 2,500 smallholder farmers. The project helped save 15-30% in water consumption and generated 20,000 carbon credits (final verification and credit generation is currently in progress).


Source: UPL

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