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L T Foods Results: Latest Quarterly Results & Analysis

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LT Foods Ltd. 31 Oct 2025 11:32 AM
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Q2FY26 Quarterly Result Announced for LT Foods Ltd.

Agricultural Products company LT Foods announced Q2FY26 results

  • Total revenue stood at Rs 2,772, crore; up 30% YoY.
  • Gross Profit stood at Rs 948 crore; up 30% YoY.
  • EBITDA stood at Rs 316 crore; up 24% YoY.
  • Profit After Tax stood at Rs 164 crore, up 9% YoY.
  • Cash Profit stood at Rs 224 crore; up 15% YoY.

Ashwani Arora, Managing Director & CEO, LT Foods, said: “I am pleased to share that we have concluded the H1FY26 on a strong and positive trajectory. Our resilient business model, unwavering commitment to quality, and deep consumer insights have collectively enabled us to deliver a robust 25% growth in revenue, underscoring the strength and agility of LT Foods.

Our Basmati and Other Specialty Rice business recorded a 24% (Normalised growth is 11.4%, excluding Golden Star and U.S. Tariffs) YoY growth in H1FY26, driven by enhanced brand investments and focused marketing initiatives that continue to strengthen consumer trust. Our Organic segment delivered a robust 26% year-on-year growth in H1FY26, reflecting the rising global demand for sustainable food choices and our strong presence across key international markets.

In India, the market share of our flagship brand DAAWAT® stands at 26.1% (MAT September’25; AC Nielsen Retail Survey Audit), reaffirming DAAWAT® ’s position as the most trusted and preferred brand among consumers. We continue to enjoy a leadership position in the majority of ECommerce and Q-Commerce platforms, leveraging digital-first strategies to reach new-age consumers and drive category growth. We also expanded our Meal Kit portfolio, with the launch of DAAWAT® Thai Green Curry Rice Kit, a strategic move focused on building a stronger Ready-To-Cook (RTC) and Ready-To-Eat (RTE) portfolio.

In the U.S., our flagship brand Royal® now holds over 54% market share in the region, and with the full acquisition of Golden Star, we now proudly lead as the #1 Jasmine rice brand.

Europe U.K. reported 31% YoY growth, driven by expanding market reach and rising demand for our differentiated offerings. Besides, we have made investments on people and infrastructure in the European Union (E.U). Our recent acquisition of Global Green Kft.for €25 million marks our entry in the canned food business. This acquisition is in line with the long-term strategy of the company for growth through packaged food and to further strengthen its RTH and RTE segment. This will allow us to make further inroads in Central and Southern Europe while adding synergies with its cross distribution network.

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.”

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Agricultural Products company LT Foods announced Q1FY26 results

  • Revenue: Rs 2,501 crore compared to Rs 2,088 crore during Q1FY25, change 20%.
  • Gross Profit: Rs 867 crore compared to Rs 700 crore during Q1FY25, change 24%.
  • EBITDA: Rs 302 crore compared to Rs 258 crore during Q1FY25, change 17%.
  • PBT: Rs 222 crore compared to Rs 198 crore during Q1FY25, change 12%.
  • PAT: Rs 169 crore compared to Rs 155 crore during Q1FY25, change 9%.

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Agricultural Products company LT Foods announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Revenue stood at Rs 2,260, crore; up 8% YoY
  • Gross Profit stood at Rs 828 crore; up 20% YoY
  • EBITDA stood at Rs 290 crore; up 11% YoY
  • Profit After Tax stood at Rs 161 crore, up 7% YoY
  • Cash Profit stood at Rs 214 crore; up 9% YoY 

FY25 Financial Highlights:

  • Total Revenue stood at Rs 8,770 crore; up 12% YoY
  • Gross Profit stood at Rs 3,030 crore; up 19% YoY
  • EBITDA stood at Rs 1,067 crore; up 8% YoY
  • Profit After Tax stood at Rs 612 crore; up 2% YoY
  • Cash Profit stood at Rs 797 crore; up 6% YoY

Ashwani Arora, Managing Director & CEO, LT Foods, said, “FY'25 has been a landmark year for LT Foods, as we crossed the USD 1 billion revenue milestone—a strong reflection of our resilient business model, portfolio of most loved global food brands and deep consumer commitment. Our resilient business model, unwavering focus on quality, and deep understanding of evolving consumer needs have helped us deliver a strong 12% year-on-year revenue growth.

Our Basmati and Other Speciality Rice segment grew by 10% YoY, reinforcing our position as the preferred brand for premium Basmati. Our Organic Food and Ingredients business recorded a 29% growth, reflecting the rising demand for health-forward and sustainable food options. The Readyto-Heat (RTH) and Ready-to-Cook (RTC) witnessed normalised growth of 21%. Our international business delivered a strong performance, with all key markets contributing to growth. What's particularly encouraging is the significant margin expansion we achieved, fully aligned with the guidance we shared earlier, and reflective of our operational discipline and strong brand equity globally.

In India, we continued to invest in strengthening a future-ready Sales & Distribution Network and successfully completed the rollout of our next-generation Go-to-Market platform. Growth was further accelerated by emerging channels like E-Commerce, Q-Commerce and Modern Trade, which are increasingly becoming key touchpoints for our consumers.

Innovation remained at the heart of our growth strategy. We launched a few new products during the year, across categories that meet rising consumer demand for Health & Wellness, Convenience, and Premiumization. This includes DAAWAT® Jasmine Thai Rice, a global gourmet food. We also continue to build and expand roasted glueten free snack range under brand ‘Kari Kari’ with launch of new product ‘Krispy Hopu’ with happy flavour ‘Sweet and Salty’

Going ahead, we stay committed to authenticity, convenience, and bringing wholesome goodness from farm to table. We are also accelerating our digital transformation across the value chain to enhance agility, transparency, and consumer engagement, while deepening and strengthening our Environment, Social and Governance (ESG) commitments to ensure sustainable and responsible growth.”

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Agricultural Products company LT Foods announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Total Revenue stood at Rs 2,288 crore; up 17% YoY.
  • Gross Profit stood at Rs 775 crore; up 22% YoY.
  • EBITDA stood at Rs 263 crore; up 7% YoY.
  • Profit After Tax stood at Rs 145 crore vs. Rs 153 crore in 9MFY25; down by 5% on account of lower profits from JVs & Associates.
  • Cash Profit stood at Rs 191 crore; up 1% YoY.

Ashwani Arora, Managing Director & CEO, LT Foods, said: “Our performance in 9MFY25 underscores our ability to adapt to evolving market conditions while aligning with consumer preferences across geographies. With a revenue growth of 14% YoY in 9MFY25, we have strengthened our position as a trusted global food brand. Our Basmati & Speciality Rice business reported remarkable growth of 12% YoY. Our Organic Food & Ingredients segment also reported a significant rise of 36% increase YoY for 9MFY25. Our remarkable growth is a testament to strong brand equity of our flagship brands, DAAWAT® and Royal®, and further strengthening of our well-entrenched global distribution network.

In India, our latest offering, DAAWAT® Jasmine Thai Rice, an authentic Thai Hom Mali sourced from Thailand, underlines our commitment to introducing global gourmet food to Indian consumers. We continue to leverage Artificial Intelligence (AI) for greater consumer engagement and greater penetration of our products across consumer segments,

In North America, our flagship brand, Royal®, continues to command a 55% market share, while our brand, ‘Golden Star’, stands firm as the #1 Jasmine Rice brand in North America. In Northern Europe, we have maintained our market share of 20%.

We further strengthened our footprints in the Middle East by taking our most loved brand, DAAWAT®, along with Hadeel and Mufaddal, to Saudi Arabia. Our new office in Riyadh will act as a hub for LT Foods’ regional operations.

Going ahead, we remain committed to Building Resilience and Growing Sustainably. We will continue to invest in brands, stay relevant to consumers and further strengthen our global wellentrenched distribution network. We will also continue to maintain a diversified portfolio, both in terms of category and geography and its expansion based on the changing consumer trends. Our focus on digitisation and sustainability enabled by investments on our brands will continue to strengthen our position as a global FMCG company in the consumer food space.”

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Agricultural Products company LT Foods announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total Revenue stood at Rs 2,134, crore; up 7% YoY
  • Gross Profit stood at Rs 727 crore; up 18% YoY.
  • EBITDA stood at Rs 256 crore; up 0.4% YoY.
  • Profit After Tax stood at Rs 151 crore; down 4% YoY.
  • Cash Profit stood at Rs 195 crore; up 1% YoY.

H1FY25 Financial Highlights:

  • Total Revenue stood at Rs 4,222 crore; up 12% YoY.
  • Gross Profit stood at Rs 1,427 crore; up 17% YoY.
  • EBITDA stood at Rs 514 crore; up 7% YoY.
  • Profit After Tax stood at Rs 306 crore; up 4% YoY.
  • Cash Profit stood at Rs 393 crore; up 7% YoY.

Ashwani Arora, Managing Director & CEO, LT Foods, said: “Despite a disrupting external environment, especially the Red Sea crisis, we remained resilient and delivered sustained growth this quarter. Revenue grew by 7% year-over-year, driven by accelerated brand investments and the expansion of our distribution network, particularly in the Basmati & Specialty Rice segment. This growth was further supported by strong performance in our Organic Food & Ingredients and Readyto-Eat (RTE) and Ready-to-Cook (RTC) segments.

The Basmati & Specialty Rice segment achieved impressive 9% YoY growth, while the Organic Food & Ingredients segment registered strong demand, growing by 41%. The RTE and RTC segment also performed well, with 8% YoY growth, highlighting our commitment to scaling these segments and positioning them as key drivers of future expansion.

Our premiumization strategy has been instrumental in further strengthening our brand’s reputation for delivering quality and innovation. We recently launched DAAWAT Jasmine Thai Rice (Thai Hom Mali), making us as the first Indian-origin global FMCG company to introduce international rice varieties to India. This is part of our ongoing effort to diversify and stay aligned with evolving consumer preferences. Our leadership in the E-Commerce space is evident, with over 40% market share across 5 out of 6 E-Commerce platforms.

In North America, our flagship brand Royal now commands a 55% market share, while our brand 'Golden Star' has become #1 Jasmine rice brand in the North America. In Northern Europe, our market share stands at 30%. In the Middle East, our market share has increased to 9.8%, gaining 320 BPS. We have also entered the Saudi Arabia market by appointing a distributor.

In the Far East, our brand DAAWAT witnessed ever highest sales in Australia, New Zealand and Indonesia. While in Australia the sales grew by 32%, we witnessed growth of 22% in New Zealand and 71% in Indonesia.

Separately, we continued to strengthen our Sales & Distribution infrastructure with digitisation driving various process encompassing paddy procurement, automation and financial management services. Going ahead, we will continue to execute our strategic priorities of transforming our portfolio while generating healthy EBITDA Margin and Cash Flow, thereby providing attractive returns to the shareholders”

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Agricultural Products company LT Foods announced Q1FY25 results:

  • Total Revenue stood at Rs 2,088, crore; up 17% YoY
  • Gross Profit stood at Rs 700 crore; up 16% YoY
  • EBITDA stood at Rs 258 crore; up 15% YoY
  • Profit After Tax stood at Rs 155 crore; up 13% YoY
  • Cash Profit stood at Rs 197 crore; up 14% YoY

Ashwani Arora, Managing Director & CEO, LT Foods, said, “Our strong Q1 FY25 performance is an outcome of our strategic focus on premiumization and our ability to adapt and grow in dynamic markets. 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 stay relevant to consumers.

We experienced impressive growth, with a 17% increase in revenue and a 13% increase in profitability Year-on-Year (YoY). The Basmati & Other Specialty Rice segment achieved remarkable growth, posting a 14% YoY increase. Our Ready-to-Eat (RTE) and Ready-to-Cook (RTC) segments, witnessed strong 37% year-on-year growth in the first quarter, positioning us for rapid growth in this high-potential segment.

Our unwavering focus on innovation, strong brand equity and well-entrenched distribution network have established a strong foundation for sustained growth and value creation for all stakeholders. Going ahead, our overarching goal is to continuously innovate and venture into new food segments that resonate with the evolving consumer preferences and behaviours, as well as further solidify our existing portfolio.”

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Agricultural Products company LT Foods announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Revenue stood at Rs 2,092, crore; up 14% YoY
  • Gross Profit stood at Rs 689 crore; up 13% YoY
  • EBITDA stood at Rs 262 crore; up 25% YoY
  • Profit After Tax stood at Rs 150 crore; up 14% YoY
  • Cash Profit stood at Rs 196 crore; up 17% YoY

FY24 Financial Highlights:

  • Total Revenue stood at Rs 7,822 crore; up 12% YoY
  • Gross Profit stood at Rs 2,544 crore; up 6% YoY
  • EBITDA stood at Rs 988 crore; up 33% YoY
  • Profit After Tax stood at Rs 598 crore; up by 41% YoY
  • Cash Profit stood at Rs 751 crore; up 37% YoY

Ashwani Arora, Managing Director & CEO, LT Foods, said, “We are thrilled to announce that LT Foods has delivered stellar growth in revenue and profitability for yet another year, despite facing a challenging external environment. Our three key segments - Basmati & Other Speciality Rice, Organic Food & Ingredients, and Ready-to-Eat (RTE) & Ready-to-Cook (RTC) - have collectively delivered an impressive 12% year-on-year growth. Specifically, our Basmati & Other Speciality Rice segment continued to outperform, showing a remarkable 17% YoY growth. Our RTE & RTC offerings, tailored for modern consumers, gained considerable traction, and the segment contributed to our overall revenue with a 23% YoY growth. This consistent performance underscores our strategic focus on continuous investment on brands across geographies and innovation, which has significantly bolstered our domestic and international market position.

The market share of our flagship brand in India stands at 30% (MAT March’24; AC Nielsen Retail Survey Audit). The number of households consuming LT Foods products grew by 10.2% (vs. branded package rice growth of 2.8%) to reach 50.22 Lakh households (Source: Kantar Households Panel Branded Basmati Rice MAT March‘24).

Internationally, our flagship brand, Royal , continues to command more than 50% market share in the United States (U.S.). In the Middle East, we reported a growth of 42%. In Europe, we have delivered a resilient business by growing at 11%. Globally, our premium segment grew by 9.7% during FY’24. This growth is a testament to our strong brand equity, well-entrenched distribution network, innovative product portfolio, and targeted marketing strategies.

Looking ahead, while solidifying our position further in the core Basmati and Specialty Rice segment, we will continue to strengthen our presence in the Organic Food and ingredients and RTE & RTC segment. We will continue to innovate to stay relevant to consumers and uphold our dedication to sustainable practices. With our commitment to excellence and innovation as our guiding principles, we remain committed to creating lasting value for all our stakeholders and pursuing continuous growth in the future.”

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Packaged Foods company LT Foods announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Total Revenue stood at Rs 1,992 crore; up 15% YoY
    • Gross Profit stood at Rs 615 crore
    • EBITDA stood at Rs 255 crore; up 43% YoY
    • Profit After Tax stood at Rs 157 crore; up 65% YoY
    • Cash Profit stood at Rs 193 crore; up 54% YoY
  • H1FY24:
    • Total Revenue stood at Rs 3,781 crore; up 13% YoY
    • Gross Profit stood flat on a YoY basis at Rs 1,219 crore
    • EBITDA stood at Rs 479 crore; up 35% YoY
    • Profit After Tax stood at Rs 295 crore; up by 55% YoY
    • Cash Profit stood at Rs 366 crore; up 46% YoY

Ashwani Arora, Managing Director & CEO, LT Foods, said, “We are pleased to announce yet another quarter of strong performance led by our unwavering commitment to excellence and innovation. Our ongoing efforts to expand our presence in India and International markets have yielded substantial results, with our total business growing by 13% during H1 FY’24 and Profit After Tax (PAT) grew by 55%.

We have continued our investment to enforce our brand equity and as a result, the market share of our Daawat ® brand in India surged to an impressive 30.2%, marking a consistent upward trajectory with a remarkable increase of 160 bps over the same period last year (MAT September 23; AC Nielsen Retail Survey Audit). Furthermore, we are thrilled to note that the number of Daawat ® consuming households has risen by a substantial 24% year-on-year, reaching a staggering 48 lakhs (Kantar MAT September 23) in India. Our accomplishments underscore our commitment to building a strong presence in the market and our dedication to delivering quality products to an ever-growing customer base across geographies. The brand ‘Royal’, has also further strengthened and gained 1.6% market share in North America.

In response to the evolving consumer trends and preferences, we ensure to grow our core business and innovate and stay ahead in the segment by introducing new product offerings and diversifying our product portfolio by leveraging our global distribution and strong brand equity. We are confident of continued improvement in our performance over the long term and in our ability to deliver consistent, sustainable, profitable, and responsible growth.”

 

 

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Packaged Foods company LT Foods announced Q1FY24 results:

  • Total Revenue stood at Rs 1,789 crore; up 10% YoY
  • Gross Profit stood at Rs 604 crore; up 6% YoY
  • EBITDA stood at Rs 224 crore; up 27% YoY
  • Profit After Tax stood at Rs 137 crore; up by 44% YoY
  • Cash Profit stood at Rs 173 crore; up 39% YoY
  • Current Ratio improved from 1.79 to 1.96 in Q1FY24.
  • Interest Coverage Ratio stood at 8.6 in Q1FY24 compared to 8.7 in Q1FY23.
  • Debt-Equity declined to 0.38 in Q1FY24 compared to 0.54 in Q1FY23.
  • Debt-EBITDA declined to 1.2 in Q1FY24 compared to 1.7 in Q1FY23 on annualized basis.
  • The Return on Capital Employed improved to 19.4% in Q1FY24 compared to 17.7% in Q1FY23. The Normalized Return on Capital Employed, on account of an insurance claim, stood at 20.1%.
  • The Return on Equity improved to 19.2% for Q1FY24 compared to 17.3% in Q1FY23.

Ashwani Arora, Managing Director & CEO, LT Foods, said, “We are delighted to announce a robust quarterly performance, led by a topline growth of 10% YoY along with earnings growth of 44%. We witnessed significant improvements in margins and return ratios. Our core business of Basmati and Other Specialty Rice reported a resilient growth of 24%. This is the result of our continuous investments in our brands, i.e. Daawat, Royal, Heritage, etc., as well as the expansion of our distribution network.

Our market share in India has increased to 29.8%, displaying a consistent upward trend of 210 bps over the same period last year. In addition, in Q1FY24, LT Foods experienced an impressive offtake volume growth of 17.2% and this growth rate outperformed the category's growth rate, which stood at 9.0% during the same period.

We are committed to growing our market presence and solidifying our position through a combination of organic and inorganic routes. The company will continue to invest in Marketing & Brand building initiatives, Research & Development (R&D), and Product Innovation to enhance its competitive edge by expanding its market share and distribution reach. With an unwavering focus on having a sustainable, scalable, and profitable business, we are also optimistic about maintaining the growth momentum this year and further solidifying our position in consumer space in India as well as globally.”

 

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Packaged Foods company LT Foods announced Q4FY23 & FY23 results:

Q4FY23:

  • Total Revenue stood at Rs 1,836 crore; up 19% YoY
  • Gross Profit stood at Rs 609 crore; up 18% YoY
  • EBITDA stood at Rs 210 crore; up 29% YoY
  • Profit After Tax stood at Rs 132 crore; up by 75% YoY
  • Cash Profit stood at Rs 167 crore; up 52% YoY

FY23:

  • Total Revenue stood at Rs 6,979 crore; up 28% YoY
  • Gross Profit stood at Rs 2,402 crore; up 31% YoY
  • EBITDA stood at Rs 744 crore; up 20% YoY
  • Profit After Tax stood at Rs 423 crore; up 37%YoY
  • Cash Profit stood at Rs 550 crore; up 27% YoY
  • EPS stood at Rs 12.59; up 38% YoY
  • Book Value Per Share stood at Rs 80.06; up by 20% YoY

Mr. Ashwani Arora, Managing Director & CEO, LT Foods said, “We are delighted to announce that despite challenging macroeconomic conditions, we have achieved robust revenue growth for yet another year. All three segments - Basmati & Other Speciality Rice, Organic Food & Ingredients, Health & Convenience, have collectively contributed to an impressive 28% YoY increase in growth.

Our continued commitment to building brands and innovation has helped us strengthen our position in the market and our share in India continues to grow. Our India volume market share continues to increase and currently stands at 29.6% (MAT March’23; AC Nielsen Retail Survey Audit). LT Foods reported an offtake volume growth of 18.2% for FY23 vs the category growth of 9.0% in the same period. Number of households consuming LT Foods offerings grew by 31.26% (vs category growth of 5.5%) to reach 45.38 Lakh households. (Source: Kantar Households Panel Branded Basmati Rice MAT March’23)

With an unwavering focus on providing greater value to our consumers, we continue to diversify our product offering across domestic and international markets. The dedication and skills demonstrated by our team, HR transformation, a robust distribution network, digitization, emphasis on sustainability are key pillars that will further help us strengthen our position as an internationally recognized speciality food company. We remain confident of scaling newer heights, meeting our consumer’s needs and drive sustained growth in the years to come.”

 

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