UPL Ltd: Able to raise prices – 4 Nov 2022

UPL Ltd reported a strong revenue growth of 18% YoY, driven primarily by an increase in price realization (up 21% YoY).

However, volumes declined (down 7% YoY) in 2QFY23, led by rationalization of product mix toward high-margin products

Except for Europe (+1% YoY), all other key geographies registered a strong sales growth of over 20% YoY