UPL Limited — Updates, 11-11-2024: Press Release

UPL Limited reported a 9% year-over-year revenue increase to ₹11,090 crore in Q2FY25, driven by a 16% rise in volumes. Despite the sales growth, contribution margins declined due to pricing pressure in the crop protection segment, resulting in a net loss of ₹443 crore. The seeds business showed positive margin growth. The company remains optimistic for the second half of FY25, focusing on cash generation and inventory optimization.