UPL Ltd.

NSE: UPL | BSE: 512070 | ISIN: INE628A01036 |Industry: Agrochemicals
|Expensive Star

UPL Ltd.    
10 Jan 2019
933.55
-0.20%
buy
Hold: UPL Ltd.
Geojit BNP Paribas
LATAM drives revenue growth; steady volume growth Revenue rose by 13% YoY in Q2FY19 led by strong performance in India and LATAM businesses (contributing around 66% of total sales). LATAM business registered a strong revenue growth of 26% YoY in Q2FY19 led by decent growth across geographies in the region especially Brazil barring Argentina which was impacted by currency depreciation and overall economic situation. LATAM's revenue contribution has increased to 41% during the quarter from 37% in Q2FY18. Management expects strong performance to continue in LATAM in H2FY19 as well led by advance orders received in Brazil. Going ahead, we expect LATAM revenue to grow at a CAGR of 13% over FY18-20E on the back of strong...
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UPL Ltd. has an average target of 808.00 from 11 brokers.
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