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LT Foods Limited (LTFOODS)

₹379.85 -1.34% last close, 23 Oct

📊 NSE: LTFOODS 🏢 Food - Processing - Indian 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 27 Oct 2026 (board meeting)

LT Foods Limited's board meets on 27 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, LT Foods' revenue was ₹3,152 Cr (+27.9% year on year, +8.4% on the previous quarter), and net profit ₹183 Cr (+8.9% year on year); the operating margin was 11.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹3,152	+27.9%	+8.4%
Operating profit	₹354	+33.3%	+32.5%
Net profit	₹183	+8.9%	+34.9%
EPS (₹)	5.28	+8.9%	+35.0%
Operating margin	11.2%	—	—

Full quarterly financials → Results calendar →

LTFOODS delivery percentage

NSE end-of-day data for Fri, 23 Oct 2026

On Fri, 23 Oct 2026, 41.7% of the LTFOODS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.98%. That is close to its usual level.

41.7%Delivery, 23 Oct

42.98%Own 20-session average

1.0×Volume vs its average

₹379.85NSE close · -1.34%

Delivery in the last 5 sessions: 48.0% · 45.2% · 36.8% · 47.9% · 41.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

LT Foods Subsidiary Acquires Controlling 70.75% Stake in Dutch Firm Leev.nu for EUR 1.735M

🟢 POSITIVE ⭐ 6/10

M&A 📅 30 Sep 2026, 02:27 PM

LT Foods' step-down subsidiary, Nature Bio Foods B.V. (Netherlands), has signed a Share Purchase Agreement to acquire an additional 40.75% stake in Leev.nu B.V. for an equity value of EUR 1.735 million in cash. This increases Nature Bio Foods' shareholding from 30.00% to 70.75%, giving it majority control. Leev.nu operates in healthy plant-based snacking (lentil-based crackers/cakes) across Benelux retail with a stable turnover of around EUR 6 million. The transaction is expected to close in October 2026 and represents a tuck-in acquisition relative to LT Foods' TTM revenue of Rs 11,634 crore.

Nature Bio Foods B.V. acquires an additional 40.75% stake to raise its holding from 30.00% to 70.75%
Transaction agreed at an Equity value of EUR 1.735 million, settled via cash consideration
Target Leev.nu B.V. generates stable annual turnover of approximately EUR 6 million in the Benelux market
Acquisition completion expected within October 2026 without requiring governmental approvals

💡 Track the formal completion of the deal by October 2026 and look for commentary in upcoming quarterly updates on distribution synergies across European retail channels.

LT Foods to Acquire Remaining 49% JV Stake in Kameda LT Foods for ₹1.12 Cr

🟡 NEUTRAL ⭐ 4/10

M&A 📅 16 Sep 2026, 03:44 PM

LT Foods Limited has entered into a Share Purchase Agreement to acquire the entire 49% stake held by JV partner Kameda Seika Co., Ltd. in Kameda LT Foods (India) Private Limited for ₹1.12 crore. Following the acquisition of 2,80,26,726 shares, LT Foods' shareholding will rise from 51% to 100%, making it a wholly owned subsidiary. Kameda LT Foods reported a turnover of ₹14.03 crore for FY26 compared to ₹14.32 crore in FY25, representing less than 0.2% of LT Foods' TTM revenue of ₹11,634 crore. The transaction is slated for completion by December 31, 2026, subject to FEMA and customary regulatory filings.

Acquiring 49% stake (2,80,26,726 shares) for a total cash consideration of ₹1.12 crore
Shareholding increases from 51% to 100%, turning the JV into a wholly owned subsidiary
Target reported FY26 turnover of ₹14.03 crore (₹1,403 lakhs) vs ₹14.32 crore in FY25
Indicative completion timeline set for December 31, 2026, subject to FEMA regulations

💡 Track the completion of FEMA regulatory filings and closing of the buyout by the December 31, 2026 deadline.

LT Foods Schedules Virtual Analyst Meet with Nuvama PCG for September 16, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Sep 2026, 11:39 AM

LT Foods Limited has informed the exchanges of an upcoming investor interaction scheduled for September 16, 2026, starting at 3:30 PM IST. The virtual meeting will be held with Nuvama PCG. Company representatives attending include the Chief Executive Officer, Chief Corporate Development Officer, and Chief Financial Officer. Such meetings are part of routine corporate investor relations activities.

Virtual meeting scheduled with Nuvama PCG on September 16, 2026, starting at 3:30 PM IST
Key management attending includes the Chief Executive Officer, Chief Corporate Development Officer, and CFO
Filing submitted under Regulation 30 of SEBI LODR Regulations on September 11, 2026

💡 Monitor post-meet disclosures or investor presentations on the exchanges to check if any new strategic guidance or commentary on LT Foods 3.0 Vision is shared.

LT Foods Schedules Virtual Investor Meeting with RBC Global on September 11, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 09:29 PM

LT Foods Limited has informed the exchanges of a scheduled virtual meeting with institutional investor RBC Global on September 11, 2026, starting at 11:30 AM IST. Senior leadership including the Chief Executive Officer, Chief Corporate Development Officer, and Chief Financial Officer will attend the session. This is a standard regulatory intimation pursuant to Regulation 30 of SEBI LODR Regulations. No unpublished price-sensitive information is expected to be shared.

Virtual meeting scheduled with RBC Global on September 11, 2026, from 11:30 A.M. (IST)
Senior management attending includes CEO, Chief Corporate Development Officer, and CFO
Filing submitted under Regulation 30 of SEBI LODR Regulations on September 8, 2026

💡 Track subsequent post-meet disclosures or presentations uploaded to exchanges to check for any operational commentary or guidance.

LT Foods Releases FY2025-26 BRSR Report with Reasonable Assurance from BDO India

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 11:46 PM

LT Foods Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY2025-26 pursuant to Regulation 34 of SEBI LODR. The standalone reporting showed turnover of Rs 4,128.16 crore and net worth of Rs 1,922.16 crore, with rice accounting for 95.21% of product sales and exports contributing 28% of turnover. Independent reasonable assurance on BRSR core indicators was provided by BDO India Services Private Limited. This is a routine statutory sustainability compliance filing with no impact on near-term financials.

Rice accounted for 95.21% of standalone turnover, with staples and rice food products at 0.16% and 0.47% respectively
Exports represented 28% of the total standalone turnover across 40 international countries
Standalone turnover reported at Rs 4,128.16 crore and net worth at Rs 1,922.16 crore for CSR reporting purposes
Total workforce includes 798 permanent employees and 2,041 workers (529 permanent and 1,512 non-permanent)
BDO India Services Private Limited provided reasonable assurance on non-financial core BRSR indicators

💡 Track the upcoming Q2 FY27 financial performance and monitor global trade developments such as export tariffs and countervailing duties affecting overseas subsidiaries.

LT Foods Convenes 36th AGM on Sept 29, 2026; Proposes ₹1/Share Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Sep 2026, 10:38 PM

LT Foods Limited has issued the notice for its 36th Annual General Meeting scheduled for September 29, 2026, via Video Conferencing. Key ordinary business includes the adoption of FY26 financial statements and approval of a final dividend of ₹1 per equity share (face value ₹1). This is in addition to the interim dividend of ₹2 per share previously declared and paid during FY26. The meeting will also consider the reappointment of retiring director Mr. Alrumaih Sulaiman Abdulrahman S.

36th Annual General Meeting convened for Tuesday, September 29, 2026, at 11:30 AM IST
Final dividend of ₹1 per equity share of face value ₹1 recommended for FY26
Interim dividend of ₹2 per equity share already declared and paid for FY26 confirmed
Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026

💡 Track the AGM voting results on September 29, 2026, and watch for record date announcements regarding the ₹1 final dividend payout.

LT Foods Schedules Non-Deal Roadshow in Mumbai on September 9-10, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Sep 2026, 01:54 PM

LT Foods Limited has informed the exchanges that its senior leadership, including the CEO, Chief Corporate Development Officer, and CFO, will participate in an in-person Non-Deal Roadshow in Mumbai. The meetings are scheduled across two days on September 9, 2026 (starting at 10:00 AM IST) and September 10, 2026. This is a routine investor interaction under SEBI Regulation 30. No unpublished price-sensitive information or material operational update was disclosed in the filing.

Non-Deal Roadshow scheduled for September 9, 2026 (from 10:00 AM IST) and September 10, 2026
In-person meetings to take place in Mumbai
Key management attendees include the CEO, Chief Corporate Development Officer, and CFO

💡 Track post-meet disclosures or investor presentations, if any are uploaded to the exchanges following the roadshow.

LT Foods to Attend Ashwamedh Elara India Dialogue 2026 on September 2

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 05:42 PM

LT Foods Limited has intimated that its Chief Corporate Development Officer and Chief Financial Officer will attend an in-person investor conference. The meeting, organized under 'ASHWAMEDH - ELARA INDIA DIALOGUE 2026', is scheduled for September 02, 2026, starting at 11:00 AM IST. This is a standard regulatory intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

In-person investor meeting scheduled at ASHWAMEDH- ELARA INDIA DIALOGUE 2026
Scheduled date and time: September 02, 2026, starting from 11:00 A.M. (IST)
Attending executives: Chief Corporate Development Officer and Chief Financial Officer

💡 Monitor exchange filings post-September 02, 2026, for any investor presentation or transcript uploaded following the conference.

LT Foods Sets Sep 18, 2026 as Record Date for Rs 1/Share Final Dividend

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 27 Aug 2026, 05:14 PM

LT Foods Limited has fixed Friday, September 18, 2026, as the record date to determine eligible shareholders for a final dividend of Rs 1 per equity share (face value Rs 1) for FY26. The dividend is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 29, 2026. Following AGM approval, dividend payments will be dispatched within 30 days.

Final dividend recommended at Rs 1 per equity share of face value Rs 1
Record date established as Friday, September 18, 2026
AGM scheduled to take place on September 29, 2026
Dividend payment to be completed within 30 days from date of declaration

💡 Investors seeking dividend eligibility should ensure shareholding prior to the ex-dividend date ahead of September 18, 2026, and track shareholder approval at the September 29 AGM.

LT Foods Schedules Virtual Analyst Meeting with Arihant Capital on August 19, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Aug 2026, 09:39 PM

LT Foods Limited has informed the exchanges that its Chief Corporate Development Officer and Chief Financial Officer will participate in an analyst/institutional investor meeting. The virtual interaction is scheduled with Arihant Capital on August 19, 2026, starting at 11:30 AM IST. This filing is a routine statutory disclosure submitted under Regulation 30 of the SEBI LODR Regulations, 2015. No unpublished price-sensitive information or material business changes were disclosed in the intimation.

Virtual meeting scheduled with Arihant Capital on August 19, 2026, from 11:30 AM IST
Company represented by Chief Corporate Development Officer and Chief Financial Officer
Intimation filed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 on August 16, 2026

💡 Track post-meet investor presentations or disclosure transcripts filed with the stock exchanges to review any strategic updates or guidance shared.

LT Foods to Meet Investors at Emkay Confluence 2026 on August 13

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 03:54 PM

LT Foods has scheduled a physical meeting with analysts and institutional investors at the Emkay Confluence 2026 conference. The meeting is set for August 13, 2026, starting at 11:00 AM IST. Senior management, including the Chief Corporate Development Officer and the Chief Financial Officer, will represent the company. This interaction comes as the company maintains a TTM revenue of ₹10,946 Cr and a healthy ROCE of 17.0%.

Physical meeting scheduled for August 13, 2026, at 11:00 AM IST
Participation in the Emkay Confluence 2026 investor conference
Company represented by the Chief Financial Officer and Chief Corporate Development Officer
LT Foods currently operates with a TTM revenue of ₹10,946 Cr and PAT of ₹626 Cr
Company maintains a low Debt-to-Equity ratio of 0.07

💡 Investors should watch for any post-conference investor presentations or transcripts released by the company for updates on their 'LT Foods 3.0 Vision' and expansion into the European canned food market.

LT Foods Dissolves Hungarian Step-down Subsidiary via Voluntary Liquidation

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 10:12 AM

LT Foods Limited has announced the dissolution of its step-down wholly owned subsidiary, LT Foods Hungary Holdings Kft., effective August 5, 2026. The dissolution was carried out through a voluntary liquidation process and finalized by the Metropolitan Court of Budapest. This move appears to be a procedural simplification of the company's international corporate structure. Given LT Foods' TTM revenue of Rs 10,946 Cr, the impact of this specific holding entity's closure is expected to be immaterial to consolidated financials.

Dissolution of LT Foods Hungary Holdings Kft. effective from August 5, 2026
The entity was a step-down wholly owned subsidiary incorporated in Hungary
Liquidation was voluntary and ordered by the Metropolitan Court of Budapest (Company Court)
Company maintains a significant Hungarian presence via its recent EUR 25 million acquisition of Global Green Kft

💡 Investors should treat this as a routine administrative cleanup of the corporate structure. No specific action is required, though one may check for any minor one-off impacts in the next quarterly report.

LT Foods to Meet Seven Canyon Advisors on August 11, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Aug 2026, 05:35 PM

LT Foods Limited has scheduled a virtual meeting with Seven Canyon Advisors for August 11, 2026, at 06:30 P.M. IST. The meeting will be attended by the company's Chief Corporate Development Officer and Chief Financial Officer. This is a routine regulatory disclosure under SEBI Regulation 30. The company currently maintains a TTM revenue of ₹10,946 Cr and a market capitalization of ₹14,571 Cr.

Virtual meeting scheduled for August 11, 2026, at 06:30 P.M. IST
Participation from Chief Corporate Development Officer and CFO
Interaction with institutional investor Seven Canyon Advisors
Company TTM revenue stands at ₹10,946 Cr as of the latest reporting period

💡 Investors should monitor for any subsequent filing of the presentation or transcript from this meeting to gain insights into management's progress on the 'LT Foods 3.0 Vision'.

26% Revenue Growth in Q1 FY27; US Basmati Market Share Exceeds 60%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 05 Aug 2026, 03:02 PM

LT Foods reported a strong Q1 FY27 with consolidated revenue growing 26% YoY to 3,161 Cr, driven by a 34% surge in the core Basmati segment. While EBITDA grew 20% to 363 Cr, margins slightly compressed to 11.5% from 12.1% due to restructuring in the organic segment. The company maintains a dominant 60%+ share in the US Basmati import market and is expanding its Jasmine rice presence. Management aims to double Ready-to-Heat (RTH) revenue over the next three years.

Consolidated revenue reached 3,161 Cr, representing 26% YoY growth and 8% QoQ growth
US Basmati import market share surpassed 60%, with North America revenue growing 49%
India market share reached 23.1% with household penetration at 64.4 lakh households
Core Basmati and specialty rice volume grew by 11% YoY
US tariffs on certain products reduced significantly from 50% to 10%

💡 Monitor the margin recovery in the organic segment and the execution of the 'LT Foods 3.0 Vision' targeting 14% EBITDA margins. Watch for the ramp-up of the new Ready-to-Heat capacity which is expected to double segment revenue in 3 years.

LT Foods On-boards Chef Ranveer Brar for DAAWAT Delight Campaign; FY26 Revenue at ₹11,023 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 11:20 AM

LT Foods has appointed celebrity chef Ranveer Brar as the brand ambassador for its flagship brand DAAWAT, specifically for the 'DAAWAT Delight' Basmati rice campaign. The campaign focuses on 'Superior Flavour Absorption' and will be rolled out across TV, digital, and social media platforms. This marketing initiative aims to strengthen the company's premium positioning in the branded rice segment, which supported a consolidated revenue of approximately ₹11,023 crore in FY26. While marketing spends are routine, the choice of a high-profile chef aligns with the company's 'LT Foods 3.0 Vision' of premiumization.

Appointed Chef Ranveer Brar as brand ambassador for the DAAWAT brand to drive premiumization.
Reported consolidated revenue of approximately ₹11,023 crore for FY26.
Maintains a global footprint across 85+ countries with a network of 1,400+ distributors.
Campaign targets the everyday dining segment through Q-Commerce, Modern Trade, and General Trade channels.

💡 Monitor the impact of increased advertising and promotion (A&P) expenses on operating profit margins (OPM), which were 10.6% in FY26. Watch for market share growth in the domestic branded rice segment in upcoming quarterly results.

View All LTFOODS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Basmati and Specialty Rice grew 24% in H1 FY26 (normalized 11.4% excluding acquisitions); Organic segment grew 26% YoY in H1 FY26 and 29% in FY25 to reach INR 933 Cr; Convenience segment (RTE/RTC) grew at a healthy CAGR but remains loss-making due to small scale.

Geographic Revenue Split

Middle East contributes 10% of total revenue; US operations represent a significant portion with 55-60% market share in the branded Basmati segment; UK and Europe are key growth drivers following the July 2024 manufacturing facility launch.

Profitability Margins

Gross profit reached INR 3,030 Cr in FY25; Operating margins moderated slightly to 12% in FY25 from 12.5% in FY24 due to higher freight costs; PAT has sustained a 5-year CAGR of 21% through FY25.

EBITDA Margin

EBITDA margin was 11.4% in Q2 FY26, down 60 basis points from 12% in Q2 FY25, primarily due to increased brand investments and digitalization costs; FY25 consolidated EBITDA margin stood at 12.1%.

Capital Expenditure

Acquisition of Global Green Kft in Hungary for an Enterprise Value of approximately EUR 25 million (INR 225 Cr approx.) to expand into the EUR 15 billion European processed canned food market; UK manufacturing facility commissioned in July 2024 to serve top grocery retailers.

Credit Rating & Borrowing

CRISIL rating of AA-/A1+ with a positive outlook as of July 2025; Ind-Ra rating reflects low net leverage of 0.5x to 0.6x; Company issued INR 25 Cr in Commercial Papers in June 2024.

⚙️ Operational Drivers

Raw Materials

Basmati paddy, non-Basmati rice, organic soybeans (representing INR 50 Cr sales for ESL), lentils, chickpeas, kidney beans, and spices like turmeric and cumin.

Import Sources

Sourcing is diversified across India, Thailand, Myanmar, Africa (Uganda for organic soya), and Turkey to mitigate regional supply shocks and regulatory shifts.

Key Suppliers

Deep-rooted relationships with Indian farmers and Organic Farmer Producer Organisations (FPOs); procurement also involves international sources in Thailand and Africa.

Capacity Expansion

Current milling capacity of 123 tonnes per hour in India and 8 tonnes per hour in Europe; expansion includes a third manufacturing hub in Hungary via the Global Green Kft acquisition.

Raw Material Costs

Raw material costs are subject to agro-climatic risks and seasonality; Basmati requires 12-18 months of aging, leading to high inventory carrying costs; reliance on borrowings for working capital reduced to less than 20% in FY25.

Manufacturing Efficiency

Digital transformation aims to drive 1.5x to 2x business value; parboiling, aging, and milling units are certified under FSSC 22000 and BRC standards for global compliance.

Logistics & Distribution

Distribution network includes 1,400+ distributors and 195,000+ outlets in India; freight cost increases in FY25 caused a 50 bps margin compression, though costs have since stabilized.

📈 Strategic Growth

Expected Growth Rate

16%

Growth Strategy

Achieving growth through 'LT Foods 3.0 Vision' focusing on premiumization, expanding into the Middle East and Far East, and inorganic growth like the EUR 25 million Global Green acquisition; targeting +14% EBITDA margins within 4 years.

Products & Services

Branded Basmati rice, Jasmine rice, organic pulses, oilseeds, spices, and Ready-To-Eat (RTE) / Ready-To-Cook (RTC) meals like Quick Cooking Red and Black rice.

Brand Portfolio

Daawat, Royal, Devaaya, Rozana, Heritage, Golden Star, and Chef’s Secretz.

New Products/Services

Launched Daawat Quick Cooking Red Rice and Black Rice; expansion into the EUR 15 billion European canned food market via Global Green Kft acquisition.

Market Expansion

Opening a subsidiary and office in Saudi Arabia to capture Middle East demand; expanding UK private label presence with 4 of the top 5 grocery retailers.

Market Share & Ranking

Holds 55-60% market share in the US branded Basmati market; leading position in the global Basmati and specialty rice industry.

Strategic Alliances

Partnership with SALIC (FII holding 9.2% stake); acquisition of 100% stake in Golden Star to consolidate US market leadership.

🌍 External Factors

Industry Trends

Shift toward sustainable and organic food (Organic segment grew 26%); rising demand for convenience (RTE/RTC); industry is evolving toward digital supply chains and seed-to-shelf traceability.

Competitive Landscape

Competes in the global specialty rice and organic food market; maintains leadership through premiumization and a robust distribution network of 1,400+ distributors.

Competitive Moat

Moat built on 70+ years of industry experience, strong brand recall (Daawat/Royal), and a massive aging infrastructure that competitors cannot easily replicate; sustainability is reinforced by ESG initiatives and FPO networks.

Macro Economic Sensitivity

Sensitive to global food inflation and trade policies; revenue grew 12% in FY25 despite geopolitical volatility, showing resilience in non-discretionary food categories.

Consumer Behavior

Increasing consumer preference for health-oriented and convenience-seeking products, driving the launch of quick-cooking specialty rice varieties.

Geopolitical Risks

Susceptible to trade restrictions and export regulations; currently managing a 340% US countervailing duty case and Indian government restrictions on non-Basmati exports.

⚖️ Regulatory & Governance

Industry Regulations

Subject to stringent international food safety standards (FSSC 22000, BRC, ISO); impacted by US Department of Commerce 'adverse facts available' methodology in duty assessments.

Environmental Compliance

First Indian food company to receive the CII Food Safety Award; implementing blockchain-based traceability and climate-resilient farming training for FPOs.

Taxation Policy Impact

Effective tax rates not specified, but the company adheres to Ind AS; dividend distribution is governed by a formal policy linked to SEBI Regulation 43A.

Legal Contingencies

Pending final determination (expected Nov 17, 2025) on a 340% countervailing duty (INR 170 Cr) levied by the US Department of Commerce against subsidiary Ecopure Specialities Limited.

⚠️ Risk Analysis

Key Uncertainties

Final verdict on US CVD could impact organic segment profitability; rainfall variability in Haryana and Punjab (1-1.5% output growth) affects raw material availability.

Geographic Concentration Risk

Diversified across 80+ countries, but US and India remain primary revenue hubs; Middle East accounts for 10% of revenue.

Third Party Dependencies

High dependency on farmer networks and FPOs for organic sourcing; sourcing diversified across Thailand and Africa to reduce single-country regulatory risk.