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L T Foods Ltd share Price Today

Company details

254.59
266.99
124.05
266.99
6M Return 22.48%
1Y Return 110.98%
Mkt Cap.(Cr) 9,165.40
Volume 2,372,594
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 2,372,594

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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.”

Result PDF

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L T Foods Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • New 52 week high today

Weakness (1)

  • Declining profits every quarter for the past 2 quarters

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 269.1
R2 274.2
R3 281.5
Pivot

261.84

S1 256.7
S2 249.4
S3 244.3
EMA SMA
229.8
217.3
207.3
191.9
222.3
217.2
201.4
194.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ABAKKUS ASSET MANAGER LLP Bulk Purchase 2024-03-19 162.04 3393543 BSE
BRIGHT METAL REFINERS Bulk Purchase 2022-10-27 133.12 1930000 NSE
XTX MARKETS LLP Bulk Purchase 2022-09-14 109.52 1611998 NSE
Name Category Shares
ASHOK KUMAR ARORA PROMOTER 6.62%
LATE GURUCHARAN DASS ARORA PROMOTER 6.13%
SAKSHI ARORA PROMOTER 2.41%
ANITA ARORA PROMOTER 2.19%
VANDANA ARORA PROMOTER 1.75%
RANJU ARORA PROMOTER 1.56%
RAGHUVESH HOLDINGS PRIVATE LIMITED PROMOTER 9.61%
ASHWANI KUMAR ARORA PROMOTER 6.62%
SURINDER KUMAR ARORA PROMOTER 6.62%
VIJAY KUMAR ARORA PROMOTER 6.62%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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L T Foods Ltd Stocks COMPARISON

Financials( in Cr) L T Foods Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 263.94 2,479.75 2,542.50 1,639.25 1,392.95
% Change 2.74 -0.31 -0.36 3.85 -1.16
Mcap Cr 9,165.40 582,639.83 245,136.92 213,004.80 142,473.71
Revenue TTM Cr 6,935.79 61,896.00 17,423.38 16,042.58 13,315.97
Net Profit TTM Cr 422.76 10,282.00 2,390.52 2,101.81 1,702.46
PE TTM 15.41 56.71 76.90 98.38 74.33
1 Year Return 110.98 -7.33 13.04 103.00 31.98
ROCE 17.61 25.00 59.47 27.83 16.35
ROE 17.78 20.26 108.52 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,757.07 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05
LT Foods Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 14, 2024 l NSE Announcement

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

Jun 13, 2024 l NSE Announcement

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

Jun 12, 2024 l NSE Announcement

Date Action Type Ratio
May 30, 2024 Dividend 50
Sep 21, 2023 Dividend 50
Aug 09, 2023 Dividend 50

L T Foods Ltd Information

Stock PE (TTM)
15.41
Promoter Holding
51%
Book Value
97.0942
ROCE
17.61%
ROE
17.78%
Description
  • LT Foods Ltd was incorporated on October 16, 1990 as a private limited company with the name LT Overseas Pvt Ltd. On May 3, 1994, the company was converted into a public limited company and the name was changed to LT Overseas Ltd. In September, 2008, the name of the company was changed from LT Overseas Ltd to LT Foods Ltd. 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. In 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. 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. 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. In 2010-11, the Company ventured into foodgrain storage business and also into biomass based power generation business. It made pioneering entry into foodgrain storage business and developed storage capacity of 50,000 MT of wheat in modern silos at Mulechak near Amritsar. It launched 6 new variants of Basmati special grains rice under `Daawat Chef`s Secretz` brand in November 2010. It launched four new variants of Daawat Basmati Rice namely Daawat Biryani Basmati Rice, Daawat Traditional Basmati Rice, Daawat Super Basmati Rice and Daawat Pulav Basmati Rice. In 2012, it launched Daawat in Trinidad & Tobago, introduced the brand in Costco, Australia and launched Daawat Biryani in Singapore & Australia. It also launched fast cooking brown rice and procured bulk sales for the same in Europe and US. It ventured into International Trading business division during FY 12. Another notable launch of FY 13 was Daawat Tibar. Initiation of wheat flour export to USA and Australia was also a key milestone that underlined growth during FY 13. The launch of Atta under the Royal brand in USA and Australia, leveraging the strong dealer network in the two countries, became a significant step towards further diversification. It also introduced "Organic Quick Cooking Brown Rice" in America. It introduced Devaaya staples namely Atta (wheat flour), Suji (semolina), Besan (gram flour), Poha (flattened rice), Dalia (bulgur) and Maida (refined flour) in 2014. In 2014-15, the Company developed and delivered two grain silos to Madhya Pradesh Warehousing and Logistics Corporation (one each at Bhopal and Indore). In 2015-16, it acquired two iconic brands - Gold Seal Indus Valley and Rozana to strengthen its foothold in the Middle East region. It incorporated a Company by the name of LT Foods International Limited in United Kingdom. It acquired iconic brand 817 Elephant brand of rice through its UK subsidiary to further strengthen its presence in Canada, US and Dubai. In 2016-17, it opened a branch and established a plant in Rotterdam to strengthen its presence in Europe. It formed a JV with Japanese Snack Food major Kameda to manufacture and market rice based snacks in India. Further, it entered in a JV with Future Group for sourcing and manufacturing of regional rice. It opened a plant for the same in Tumkur, Karnataka. It expanded geographic reach with addition of 300 new distributor towns and retail outlets in India. During the year 2017-18, the Company acquired 100% stake of Deva Sing Sham Singh Export Private Limited which became the wholly-owned subsidiary of the Company. Also, it acquired 92% Stake of M/s Raghunath Agro Industries Private Limited from its another subsidiary namely Daawat Foods Limited.

Registered Address

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

Tel : 91-011-26857099
Email : ir:ltgroup.in
Website : http://www.ltgroup.in
Registrar

Big Share Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532783
NSE Code : LTFOODS
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 Jun 14, 2024 03:59 PM the closing price of L T Foods Ltd was Rs.263.94.

The latest PE ratio of L T Foods Ltd as of Jun 14, 2024 03:59 PM is 15.41

The latest PB ratio of L T Foods Ltd as of Jun 14, 2024 03:59 PM is 0.37

The 52-week high of L T Foods Ltd share price is Rs. 266.99 while the 52-week low is Rs. 124.05

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 Jun 14, 2024 03:59 PM, the market cap of L T Foods Ltd stood at Rs. 9,165.40.

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