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Latin America and India are key growth markets for UPL in H2FY20

The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20

Ram Prasad Sahu 

The stock of India’s largest agrochemical company has corrected after muted September quarter results, on margin front worries, and higher debt. While the company will continue to face pressures in North America because of a supply glut and weak demand conditions in Europe, this is expected to be offset by growth in its largest market, Latin America, and a better Rabi season in the domestic market.

The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20. A muted 2018-19 Rabi season saw a 4 ...

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First Published: Fri, December 27 2019. 02:52 IST
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