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L T Foods Ltd share Price

Company details

6M Return 69.45%
1Y Return 43.61%
Mkt Cap.(Cr) 5,740.09
Volume 394,481
Div Yield 0.60%
OI Chg %
Volume 394,481

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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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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

L T Foods Ltd Stocks COMPARISION


Equity Capital: 2,757.07 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 47,117.37 -471.49
LAST 6M 52,173.28 142,982.97
LAST 12M 128,656.49 169,390.95
L T Foods launches Daawat¿ Quick Cooking Red Rice`

Sep 28, 2023 l BSE Announcement

LT Foods Limited - Press Release

Sep 28, 2023 l NSE Announcement

LT Foods Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 26, 2023 l NSE Announcement

Date Action Type Ratio
Sep 21, 2023 Dividend 50
Aug 09, 2023 Dividend 50
Nov 10, 2022 Dividend 50

L T Foods Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • LT Foods Ltd is an India-based company. The company is engaged in the manufacture and sale of rice under the brand DAAWAT. They also manufacture and market parboiled rice. Their product is marketed in more than 50 countries. The company`s brand portfolio includes DAAWAT Traditional Basmati Rice, DAAWAT Biryani Basmati Rice, DAAWAT Pulav Basmati Rice, DAAWAT Super Basmati Rice and DAAWAT Rozana. Their product portfolio also includes brown rice, white rice, steamed rice, parboiled rice and organic rice. Their product range includes Select, Gold Basmati Rice, Super, Chef`s Secretz, Rozana, Devaaya Basmati Rice, Brown Rice, and Heritage. LT Foods Ltd was incorporated on October 16, 1990 as a private limited company with the name LT Overseas Pvt Ltd. In the year 1993, the company started their operations using certain processing facilities of Lal Chand Tirath Ram Rice Mills (LCTRRM), an associate concern, on lease. In the year 1993, they got their registration as manufacturer exporter from APEDA. In May 3, 1994, the company was converted into a public limited company and the name was changed to LT Overseas Ltd. During the year 1994-95, the company filed the draft prospectus with SEBI and Stock Exchanges in Mumbai, Delhi, Jaipur and Ahmedabad. The object of the issue was to part finance the expansion programme for setting up a milling plant with a capacity of 2 MTPH. They received the observation letter from SEBI but they did not take the matter forward on account of the then prevailing poor conditions in the capital markets. In the year 1995, the company set up milling capacity (paddy to rice) of 4 MTPH, at Sonepat. During the year 1995-96, the company registered the brand `DAAWAT` in United States of America. During the year 1997-98, they received `APEDA Export award` for outstanding contribution to promotion of agricultural and processed food products during the year 1996-97. In March 26, 1999, they took over the business of Lal Chand Tirath Ram Rice Mills having milling capacity of 6 MTPH, thus increasing the total milling capacity to 10 MTPH. During the year 1999-2000, the company was recognized as Star Trading House by Government of India. They launched the brand `DAAWAT` in Mauritius, Saudi Arabia and New Zealand. They started setting up a new manufacturing facility at Bahalgarh, Haryana and in December 2000, they commenced commercial production. During the next two years, they launched the brand `DAAWAT` in Australia and Canada. During the year 2002-03, the company increased the capacity in Bahalgarh unit from 4 TPH to 10 TPH, making the total capacity to 16 MTPH. During the year 2003-04, they received Award from APEDA for export promotion and quality development of Basmati Rice. During the year 2004-05, the company increased the capacity in Bahalgarh unit from 10 TPH to 12 TPH, making the total capacity to 18 MTPH. Also, they received India Star Award from Indian Institute of Packaging during the year. During the year 2006-07, the company increased the total production capacity from 18 MTPH to 27 MTPH. Also, they inaugurated the Silos Complex during the year. During the year 2007-08, the company set up a state of the art plant at Mandideep, Bhopal (MP). The production capacity of the company`s main plant at Bahalgarh was increased from 27 MTPH to 33 MTPH. With this addition, the total capacity increased to 50.50 MTPH. Also, they started Sales Depot operation in Chennai, to provide better services to our esteem customers of Tamil Nadu state. During the year, the company invested in LT Infotech (P) Ltd which is in to the business of telecommunication and which has entered in to a joint venture with Cordia International. In December 2007, the company`s wholly owned subsidiary LTO North America Inc acquired Kusha Inc, a largest distribution company in U.S. with the brand name `ROYAL`. With this acquisition, the company increased their market share in the US market from 7% to 52%. During the year 2008-09, the company incorporated LT Agri Services Pvt Ltd as a Wholly Owned Subsidiary of Daawat Foods Ltd. In September 25, 2008, the name of the company was changed from LT Overseas Ltd to LT Foods Ltd to match the vision of the company of becoming a Leading Global Food Company. The company was conferred with APEDA Export Award in this year for the performance pertaining to year 2007-08. Also, Daawat Foods Ltd, a wholly owned subsidiary company received Export Excellence award for their excellence in operations and export by State of Madhya Pradesh in their first full year of operations. During the year 2009-10, the company bagged the `Wheat Silos Project` on Build-Own-Operate (BOO) basis for a period of 30 years from Punjab State Grains Procurement Corporation Ltd, Government of Punjab for storage and handling of 50,000 MT of wheat. The company`s flagship brand, `Daawat` increased its presence across the length and breadth of the country. The company, together with their subsidiary companies, is embarking on new food products like Fast Cooking Brown Rice, Rice Cakes, Rice Chips and several rice based snacks. The company is also exploring other segments in the food industry in addition to contemplating line extensions in order to pursue sustainable growth.

Registered Address

Unit No 134 1st Fl Rectangle-1, Saket District Centre, New Delhi, New Delhi, 110017

Tel : 91-011-26857099
Email : ir:ltgroup.com
Website : http://www.ltoverseas.com

Big Share Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532783
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE818H01020

FAQ’s on L T Foods Ltd Shares

You can buy L T Foods Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy L T Foods Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 10:14 AM the closing price of L T Foods Ltd was ₹ 165.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 10:14 AM, the market cap of L T Foods Ltd stood at ₹ 5,740.09.

The latest PE ratio of L T Foods Ltd as of Oct 03, 2023 10:14 AM is 12.8

The latest PB ratio of L T Foods Ltd as of Oct 03, 2023 10:14 AM is 0.48

The 52-week high of L T Foods Ltd is ₹ 194.10 while the 52-week low is ₹ 90.00

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