• Q4 earnings performance: UPL posted 18% revenue growth, 13% EBITDA growth, and 18% bottom-line growth, with adjusted EBITDA growth reaching 23% and margins improving to 22% after factoring in a ₹350 crore precautionary provision.
• Full-year guidance delivery: For the full financial year, the company exceeded its targets by achieving 11% revenue growth against a 4–8% guidance and 18% EBITDA growth against a revised 12–16% target.
• Balance sheet deleveraging: Gross debt was reduced by 40% from $3.8 billion to $2.3 billion, while net debt fell 48% from $3.1 billion to $1.6 billion, bringing the net debt-to-EBITDA ratio below 1.6 times.
• First-quarter outlook: Citing global uncertainties and the Middle East conflict, UPL deferred full-year guidance and guided Q1 revenue growth at 10–14% and EBITDA growth at 14–18%, supported by 100–110 days of inventory cover.