For Q3FY24, UPL’s revenue declined by 27.7% YoY and 2.8% QoQ to INR 98,870 Mn due to a 5.0% YoY decline in volume and 24.0% YoY decline in price realization which was marginally offset by forex benefit of 1.0%. The revenue in Latin America (43.4% of revenue) declined by 28.3% YoY (-15.0% QoQ) to INR 42,860 Mn due to challenges in pricing in key herbicides and insecticides, and overall volume growth was offset by a decline in price realization.