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.” Result PDF
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