L T Foods Ltd News

LT Foods, KRBL surge up to 10% after government removes MEP on basmati rice

Shares of LT Foods hit a record high of Rs 446.30, as they rallied 10% and KRBL soared 7% to Rs 324.30, after the government lifted the minimum export price on basmati rice.

LT Foods strengthens RTC, organic product lines for double-digit growth

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

LT Foods Q1 result: Profit up 13% to Rs 155.3 cr, revenue up 16.4%

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

LT Foods share price rises over 4% after opening new facility in UK

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

LT Foods, KRBL, Kohinoor: Rice stocks zoom up to 15% on Tuesday; here's why

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

LT Foods Q4 results: Net profit rises 14% to Rs 150 cr on strong sales

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