UPL Shares Surge 6% on Strong Q3 Results, Maintains FY26 Guidance

• UPL's stock jumped 6% after its December quarter results surpassed market expectations.
• Revenue for the quarter increased by 12% year-on-year to ₹12,269 crore, exceeding the street's 5% growth projection.
• EBITDA grew 13% to ₹2,433 crore, driven by better product mix, higher capacity utilization, and lower input costs.
• The company maintained its FY26 revenue growth guidance of 4-8% and EBITDA growth guidance of 12-16%.
• Net debt reduced by ₹2,553 crore, though net working capital days increased to 116.

Why It Matters: UPL's Q3 performance exceeded expectations, leading to a stock surge and reaffirming its financial outlook.