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LT Foods Q3 net profit up 16 pc at Rs 38 cr

Press Trust of India  |  New Delhi 

Leading rice firm today posted 16.28 per cent jump in its consolidated net profit at Rs 38.55 crore in the third quarter of this fiscal on strong sales.

Net profit stood at Rs 33.15 crore in the year-ago period, the company said in a regulatory filing.

Total income increased substantially to Rs 958.42 crore in the October-December period of the 2017-18 fiscal from Rs 798.03 crore in the year-ago period.

Expenses remained higher at Rs 899.74 crore as against Rs 751.44 crore in the said period.

said the company has made substantial investment in the last nine months.

"Our focus on building strong brands and diversifying product offerings has helped us to increase our market share by 28 per cent in the last quarter in as per AC Nielsen report," he said.

has launched a new ready to heat organic retort rice plant in the US and a in It has also launched a premium rice based snacks brand "Kari Kari" in partnership with Japanese snack

LT Foods is engaged in milling, processing and marketing of branded and non-branded basmati rice, and of in and the international market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 15:00 IST