LT Foods Ltd

LT Foods announced it's collaboration with the finest global superstar, Shah Rukh Khan, for the world's finest basmati brand - DAAWAT'.  The moment marks the coming together of the Bollywood icon, who has enthralled the audiences with his finest performances, with DAAWAT' known for delivering the finest food experiences across millions of homes globally.Powered by Capital Market - Live

Net profit of L T Foods declined 5.24% to Rs 143.26 crore in the quarter ended December 2024 as against Rs 151.18 crore during the previous quarter ended December 2023. Sales rose 17.15% to Rs 2274.81 crore in the quarter ended December 2024 as against Rs 1941.73 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2274.811941.73 17 OPM %10.9812.29 - PBDT243.63239.77 2 PBT197.84203.68 -3 NP143.26151.18 -5 Powered by Capital Market - Live

However, revenue from operations increased 17.15% to Rs 2,274.81 crore in Q3 FY25 compared with Rs 1,941.72 crore in Q3 FY24. Profit before tax (PBT) fell 2.87% to Rs 197.83 crore in Q3 FY25 compared with Rs 203.68 crore posted in corresponding quarter last year. Total expenses increased 19.16% to Rs 2,094.42 crore during the quarter compared with Rs 1,757.67 crore in Q3 FY24. Cost of material consumed stood at Rs 1,604.45 crore (up 10.85% YoY), employee benefit expenses was at Rs 125.07 crore (up 15.69% YoY), finance cost was at Rs 23.64 crore (up 27.85% YoY) during the period under review. Meanwhile, the company's board has declared fourth interim dividend of Rs 0.50 per share for FY25. It has fixed the record date as Tuesday, 4 February 2025. The interim dividend will be paid to the entitled shareholders within 30 days from the date of declaration. Further, the company's board approved re-appointment of Ashwani Kumar Arora and Surinder Kumar Arora as managing director with effect from 21 June 2025. Furthermore, the company's board has approved the acquisition of 4% stake in Raghunath Agro Industries Private, wholly owned subsidiary of the company. LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world.Powered by Capital Market - Live

The Board of L T Foods at its meeting held on 27 January 2025 has approved the acquisition of 4% Stake in Raghunath Agro Industries, subsidiary company from DAWAAT Foods, a wholly owned subsidiary of the company for a consideration of Rs 2.70 crore. Powered by Capital Market - Live

L T Foods has fixed 04 February 2025 as record date for 4th interim dividend of Rs 0.50 per share for FY 202-25. Powered by Capital Market - Live

LT Foods announced that the Board of Directors of the Company at its meeting held on 27 January 2024, has recommended a Fourth Interim dividend of Rs.0.5 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live

LT Foods will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

NBFL is a public company. Its main object inter-alia is to dealing into organic food and its ingredients business. Its turnover was Rs 463.29 crore. In order to facilitate the exit of existing investor i.e. India Agri Business Fund II from NBFL, the company had agreed to acquire the investors stake in NBFL. Post acquisition Nature Bio-Foods has become a wholly owned subsidiary of the company. LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world. The company's consolidated net profit declined 4.23% to Rs 150.61 crore on 6.57% increase in revenue from operations to Rs 2107.78 crore in Q2 FY25 over Q2 FY24. The counter fell 0.53% to end at Rs 419.25 on Tuesday, 31 December 2024.Powered by Capital Market - Live

LT Foods has launched a Non-Genetically Modified Organism (Non-GMO) Certified global gourmet food - DAAWAT' Jasmine Thai Rice for Indian consumers. Known for its naturally fragrant aroma and soft texture, DAAWAT' Jasmine Thai Rice is the authentic Thai Hom Mali, sourced from Thailand. This latest addition to the DAAWAT' portfolio underlines the company's commitment to introducing global gourmet food to Indian consumers, catering to the aspirations of those seeking diverse global culinary experiences at home. It also marks another milestone in the company's journey to diversify its product range and align with the evolving food preferences of consumers.Powered by Capital Market - Live

The company plans to invest SAR 185 million in warehousing, stocks, and people over the next five years in the Kingdom. It is eyeing revenue of SAR 435 million over the next five years. With Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, the company will also set up local manufacturing facilities in the Kingdom. Vijay Arora, chairman & managing director, LT Foods said, 'We have built successful businesses in every market where we have set up our operations. We have provided quality products and premium food offerings to consumers. LT Foods has also added significant value to the economy and to its operations. We are now very excited to expand our footprint in Saudi Arabia. Our trusted brands, DAAWAT' , Hadeel and Mufaddal, have long been a part of the Kingdom of Saudi Arabia (KSA). With SALIC being a stragetgic shareholder in LT Foods, we are now expanding our footprint in the KSA with warehouses and are prepared to establish local manufacturing.' Gursajan Arora, CEO - Middle East Business, LT Foods, said, 'Saudi Arabia is one of the largest importers of rice and a key market for us. We see tremendous potential for growth in the market and are excited to bring our legacy of quality, innovation, and trust to the region. With our Riyadh office, we aim to deepen our connections with local consumers and partners, tailoring our offerings to meet their specific preferences.' LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world. The company's consolidated net profit declined 4.23% to Rs 150.61 crore on 6.57% increase in revenue from operations to Rs 2107.78 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live