LT Foods

FMCG firm LT Foods has reported a consolidated net profit of Rs 163.85 crore in the second quarter ended September, up nearly 9 per cent on a year-on-year basis, driven by higher revenue. The company had reported a net profit of Rs 150.61 crore in the corresponding quarter a year ago, a regulatory filing on Thursday showed. During the quarter under review, LT Foods' total income rose to Rs 2,772.48 crore, from Rs 2,134.04 crore in the previous financial year. Its total expenses, however, also increased to Rs 2,544.19 crore, from Rs 1,942.92 crore, the filing showed. Ashwani Arora, Managing Director & CEO, LT Foods, said, "As we look ahead in FY26, our priority is to build a stronger, future-ready LT Foods -- one that deepens brand equity, accelerates market expansion, invests in digital transformation, and evolves through strategic partnerships. We remain steadfast in delivering products that embody trust, quality, and value for our consumers across the globe.

Home-grown FMCG firm LT Foods on Tuesday said it has agreed to acquire a 100 per cent stake in Hungary-based Global Green Europe Kft for approximately 25 million euros (about Rs 256 crore) to expand its presence in the European packaged food market. LT Foods owns basmati rice brands -- Daawat and Royal. It will pay 6 million euros upfront for the equity stake, with 1.8 million euros payable over two years through an earn-out mechanism, the company said in a regulatory filing. It will also assume the target's debt. The transaction includes the acquisition of Global Green International (UK) Limited and Greenhouse Agrar Kft, which serve as support and distribution entities. The deal, subject to foreign direct investment approval in Hungary, will be executed through LT Foods Europe Holdings Ltd, a wholly-owned subsidiary. The transaction, which will be executed through LT Foods Europe Holdings, a wholly-owned step-down subsidiary of Delhi-based firm, is in line with the long-term stra

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Shares of LT Foods, which own flagship rice brand 'Daawat', hit a new high of ₹509 today. The stock has rallied 26% in the past eight trading days after Iran-Israel announced ceasefire

LT Foods stock fell 4 per cent after the US authorities set a 340.27 per cent countervailing duty on exports of organic soybean meal by its unit

LT Foods stock was quoting at ₹370.75, up 2.06 per cent from previous session's close of ₹363.25 on the NSE

The company's revenue from operations in Q4FY25 rose 7.4 per cent to ₹2,228.36 crore while full-year revenue crossed $1 billion, driven by brand investments and segment growth

Rice stocks rose after the government permitted the export of 100% broken rice, following a surge in inventories that reached a record high in early February-almost nine times the government's target

LT Foods, a leading player in the basmati and speciality rice segment, on Monday posted 4.75 per cent drop in consolidated net profit at Rs 145.38 crore on higher expenses. The company had logged a net profit of Rs 152.64 crore in the year-ago period. Total income rose to Rs 2,288.25 crore from Rs 1,949.68 crore in the corresponding period of the previous year, according to a regulatory filing. Expenses rose to Rs 2,094.42 crore from Rs 1,757.67 crore. The Board reappointed Ashwani Kumar Arora and Surinder Kumar Arora as Managing Directors of the company, subject to approval of shareholders. It also approved the acquisition of 4 per cent stake in Raghunath Agro Industries. Shares of the company were trading down 7.08 per cent at Rs 370.30 apiece on BSE.

The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares

LT Foods stock has corrected 16 per cent from its 52-week high of Rs 447.95 reached on September 9, 2024, while soaring 134 per cent above its 52-week low of Rs 160.05 touched on March 14, 2024

The company reported a 8.4 per cent rise in its overall expenses, propelled by a 32.2 per cent rise in cost of its raw materials

The main markets for the company's organic range are Europe and America, which account for 85% of the brand's sales

LT Foods Ltd on Thursday reported a 13 per cent increase in consolidated net profit to Rs 155.28 crore for the first quarter ended on June 30, 2024. It had reported a net profit of Rs 137.44 crore for the April-June quarter a year ago, according to a regulatory filing from LT Foods Ltd, which owns basmati rice brands Daawat and Royal. Its revenue from operations was up 16.44 per cent to Rs 2,070.50 crore during the quarter under review compared to Rs 1,778.07 crore a year ago. Total expenses for LT Foods in the June quarter were at Rs 1,890.30 crore, up 16.54 per cent. LT Foods' total income was at Rs 2,088 crore in the June quarter, up 16.72 per cent from the corresponding quarter a year ago. Commenting on results, LT Foods Managing Director & CEO Ashwani Arora said, "Our premiumization strategy continues to yield significant results, driving higher margins and reinforcing our brand's reputation for providing quality products to consumers and continuously innovating ourselves to

Shares of FMCG firm LT Foods surged up to 4.54 per cent at Rs 293.15 per share on the BSE in Friday's intraday trade

Rice export curb: According to reports, the government may consider scrapping a 20 per cent tax on parboiled rice exports

LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier. Total income rose to Rs 2,091.73 crore during the January-March quarter of 2023-24, from Rs 1,834.95 crore in the same period a year ago, the company said in a regulatory filing. Expenses remained higher at Rs 1,898.46 crore versus Rs 1,685.92 crore a year earlier. For the full fiscal year 2023-24, LT Foods reported a 41.35 per cent increase in net profit at Rs 597.59 crore, compared with Rs 422.75 crore in the previous year. Total income rose to Rs 7,822.05 crore from R 6,978.81 crore a year earlier. Commenting on the performance, LT Foods Managing Director Ashwani Arora said the company has delivered stellar growth in revenue and profitability for yet another year, despite facing a challenging external environment. The

LT Foods Ltd on Thursday reported 52.07 per cent rise in consolidated net profit at Rs 152.64 crore for the third quarter ended December 2023. It had logged a net profit of Rs 100.37 crore in the year-ago period, according to a regulatory filing by LT Foods, which owns basmati rice brands Daawat and Royal. Revenue from operations was up 9.17 per cent to Rs 1,941.72 crore during the quarter under review as against Rs 1,778.47 crore a year ago. Total expenses were up 5.46 per cent to Rs 1,757.67 crore. Total income was at Rs 1,949.68 crore, higher by 8.8 per cent from the corresponding quarter a year ago. Meanwhile, the board of LT Foods in a meeting held on Thursday, also approved issuance and listing of commercial papers for an amount of Rs 500 crore. Shares of LT Foods on Thursday settled at Rs 196.05 apiece on BSE, down 4.01 per cent from the previous close.

LT Foods Ltd on Monday reported a 64.86 per cent rise in consolidated net profit to Rs 157.26 crore for the second quarter ended September 30, helped by expansion in domestic and foreign markets. It had reported a net profit of Rs 95.39 crore for the July-September quarter a year ago, according to a regulatory filing by LT Foods Ltd, which owns basmati rice brands -- Daawat and Royal. Its revenue from operation increased 14.66 per cent to Rs 1,977.78 crore during the quarter under review. It was Rs 1,724.83 crore a year ago. The total expenses in the September quarter surged 11.94 per cent to Rs 1,792.33 crore. Its total income in the September quarter rose 15.02 per cent year-on-year to Rs 1,991.81 crore. LT Foods Managing Director and CEO Ashwani Arora said: "Our ongoing efforts to expand our presence in India and International markets have yielded substantial results, with our total business growing by 13 per cent during H1 FY24 and profit after tax (PAT) grew by 55 per cent".

LT Foods Ltd, which owns basmati rice brands -- Daawat and Royal, is looking at 'Convenience & Health' segment as a "growth enabler' for the company, as it targets up to 8 to 10 per cent revenue from this category in the next five years, its MD & CEO Ashwani Kumar Arora said. The company is leveraging existing brands and distribution strength for its ready-to-cook and ready-to-eat products in the Convenience & Health segment, a category where consumption has increased in Indian homes, particularly after the pandemic. "The goal is to take 8-10 per cent of the total revenue from the third vertical (Convenience & Health). Our target is the next five years," Arora told PTI. The Delhi-based company entered this segment around four years ago with the brand extension of Dawat in the US market and has subsequently extended it in the Indian market. "We have achieved an impressive 3-year Compound Annual Growth Rate (CAGR) of 30 per cent, resulting in this segment contributing ...