UPL Shares Soar 8% on Strong Q3 Earnings Beat; Analysts Raise Target Prices

• UPL Ltd. shares jumped 8% after reporting Q3 results that exceeded estimates, driven by robust revenue growth and margin improvement.
• Brokerages like Kotak Institutional Equities and Investec revised their target prices for UPL, with Investec maintaining a 'Buy' rating.
• Q3 EBITDA rose 13% year-on-year, 12% above estimates, fueled by strong revenue and margin performance across regions.
• The company saw significant growth in Europe (21%) and Rest of the World (32%), with Advanta business growing 22% and specialty chemicals surging 42%.
• UPL maintained its FY26 guidance for revenue growth of 4-8% and EBITDA growth of 12-16%, expecting net debt to EBITDA to decline.

Why It Matters: UPL's strong Q3 performance, driven by revenue and margin growth, led to an 8% share rally and analyst target price hikes.