UPL’s performance for the December quarter (Q3) was lower than expectations due to softer-than-anticipated sales in Latin America. As a result, its stock corrected about 12 per cent in the past fortnight.
However, considering future growth prospects of UPL, which has a diversified geographical presence, established portfolio with branded products aiding margins, and pending launches, analysts said the correction offered a good entry point. In Q3, UPL’s sales were up 7 per cent at Rs 41.94 billion mainly due to a tepid 5 per cent increase in Latin American sales. ...
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First Published: Tue, February 13 2018. 05:54 IST
