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Worst is over; new products to drive growth, says UPL
Mint Ahmedabad
|May 13, 2025
North America accounted for 13% of UPL's FY25 revenue, a shade higher than it earned in India
Leading maker of agricultural chemicals and seeds UPL Limited is betting on new products and further diversification from the agricultural sector to sustain the recovery it recorded in FY25 further in the current fiscal.
The company's revenue had grown 8% in FY25 after declining 20% in FY24. It also clocked a ₹1,383 crore loss in FY24 due to adverse market conditions, its first annual loss in nearly two decades.
Currently, the company also stands to gain from the US-imposed tariff escalation, which would make it a preferable supplier over Chinese companies to American companies, said Jai Shroff, chairman and group CEO, UPL Ltd.
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