Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Mar. 31, 2025	Sep. 30, 2024
ASSETS
Cash and cash equivalents	$ 88,652	$ 260,115	$ 80,118
Accounts receivable, net	445,257	625,876	537,602
Advances to suppliers, net	121,569	169,385	139,766
Accounts receivable—unconsolidated affiliates	114,071	7,143	66,646
Inventories—at lower of cost or net realizable value:
Tobacco	1,138,630	806,332	1,070,655
Other	222,505	189,610	211,476
Prepaid income taxes	23,066	19,595	20,771
Other current assets	85,928	78,041	84,884
Total current assets	2,239,678	2,156,097	2,211,918
Property, plant and equipment
Land	26,285	26,113	25,972
Buildings	335,300	333,398	330,407
Machinery and equipment	746,284	723,935	705,246
Total property, plant and equipment	1,107,869	1,083,446	1,061,625
Less accumulated depreciation	(735,473)	(710,472)	(685,883)
Property, plant and equipment, net	372,396	372,974	375,742
Other assets
Operating lease right-of-use assets	37,319	34,260	32,487
Goodwill, net	213,815	213,840	213,872
Other intangibles, net	52,650	57,836	63,263
Investments in unconsolidated affiliates	84,526	79,317	78,774
Deferred income taxes	18,238	16,539	15,526
Pension asset	13,393	12,819	12,293
Other noncurrent assets	38,424	45,870	41,711
Total other assets	458,365	460,481	457,926
Total assets	3,070,439	2,989,552	3,045,586
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable and overdrafts	539,583	455,039	579,132
Accounts payable	99,599	98,036	87,106
Accounts payable—unconsolidated affiliates	299	1,999	174
Customer advances and deposits	2,782	3,763	6,837
Accrued compensation	30,776	44,646	29,266
Income taxes payable	14,573	12,586	7,948
Current portion of operating lease liabilities	11,809	10,742	10,325
Accrued expenses and other current liabilities	129,210	123,350	128,634
Current portion of long-term debt	0	0	0
Total current liabilities	828,631	750,161	849,422
Long-term debt	618,196	617,918	617,641
Pensions and other postretirement benefits	36,490	35,336	36,734
Long-term operating lease liabilities	23,584	20,608	19,038
Other long-term liabilities	26,228	22,901	28,425
Deferred income taxes	33,160	42,090	36,322
Total liabilities	1,566,289	1,489,014	1,587,582
Shareholders' equity
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding	0	0	0
Common stock, no par value, 100,000,000 shares authorized 24,913,747 shares issued and outstanding at September 30, 2025 (24,715,625 at September 30, 2024 and 24,715,625 at March 31, 2025)	352,909	351,626	349,064
Retained earnings	1,188,283	1,186,981	1,158,658
Accumulated other comprehensive loss	(71,210)	(80,051)	(87,156)
Total Universal Corporation shareholders' equity	1,469,982	1,458,556	1,420,566
Noncontrolling interests in subsidiaries	34,168	41,982	37,438
Total shareholders' equity	1,504,150	1,500,538	1,458,004
Total liabilities and shareholders' equity	$ 3,070,439	$ 2,989,552	$ 3,045,586