Robust sustainable solutions segment to drive growth for UPL in FY22

Topics UPL | Latin America | Europe

Led by the strong show in Latin America (Latam), its biggest market, UPL reported a better-than-expected performance in the March quarter. Despite the currency depreciation in Brazil, the Latam market delivered a 40 per cent YoY growth, largely led by higher volume and a bit of price hike. While growth in the North American market was pegged back by supply constraints, Europe and India delivered 17-23 per cent growth due increased sales of sustainable solutions business and favourable weather respectively. The company reported a 233 basis point expansion of operating profit margin .....

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