LT Foods declares Q4FY22 result: Total Revenue at Rs. 1,537 crore; up 31% YoY Gross Profit at Rs. 515 crore; up 27% YoY EBITDA at Rs. 163 crore; up 18% YoY Profit Before Tax stood at Rs. 110 crore; up by 24% Profit After Tax stood at Rs. 75 crore; up by 26% Cash Profit at Rs. 110 crore; up 21% YoY Total Revenue at Rs. 5,451 crore; up 14% YoY Gross Profit at Rs. 1,836 crore; up 14% YoY EBITDA at Rs. 620 crore; up 4% YoY Profit Before Tax at Rs. 428 crore; up 6% YoY Profit After Tax at Rs. 309 crore; up 7% YoY Cash Profit at Rs. 432 crore; up 9% YoY EPS at Rs. 9.13; up 7% YoY Book Value per share at Rs 67.2; up by 14% YoY Free Cash flows stood at Rs. 373 crore, up by 8% Commenting on the financial results, Managing Director & CEO, Mr. Ashwani Arora said that, “I am pleased to inform you that we have delivered a robust performance in a challenging macro environment with an all-round growth in revenue and profits both in India & in International markets across all three segments — Basmati & Other Specialty Rice, Organic, and Health & Convenience segments. Our investments in targeted brands coupled with our expanding distribution network has enabled LT Foods to create a sustainable, growing business model. To cater to its growing customer base and further improve service levels, the Business has expanded its product portfolio in India and in the International market in the last year. We continue to expand our global footprint leveraging the equity of our leading brands — with a reach now spanning over more than 60 countries. The Company’s focus on its pillars of growth, relentless execution with a proactive supply chain management and incremental margin expansion measures in the face of external headwinds have enabled us to carve a niche for ourselves as one of the leading global specialty food company. We are optimistic on the outlook of the overall business and remain committed towards addressing emerging consumer needs and are confident of scaling newer heights in the years to come.” Result PDF
Packaged Foods firm LT Foods Limited declares Q3FY22 result: Total Revenue at Rs 1,369 crore; up 21% YoY Gross Profit at Rs 456 crore; up 15% YoY EBITDA at Rs 151 crore; up 10% YoY Profit After Tax at Rs 77 crore; up 11% YoY Cash Profit at Rs 107 crore; up 13% YoY EPS at Rs. 2.23; up 8% YoY Total Revenue at Rs 3,913 crore; up 9% YoY Gross Profit at Rs 1,322 crore; up 10% YoY EBITDA at Rs 456 crore Profit After Tax stood at Rs. 234 crore; up by 2% Cash Profit at Rs 322 crore; up 5% YoY Free Cash flows stood at Rs 159 crore Finance Cost at Rs 50 crore; down by 27% YoY Book Value per share at Rs 65.2; up 15% YoY Announced Interim Dividend of Rs. 0.50 per share Commenting on the financial results, Managing Director & CEO, Mr. Ashwani Arora said that, “LT Foods continues to deliver an all-round growth in revenue and profits in both India & International markets across all three segments – Basmati & Other Specialty Rice, Organic, Health & Convenience. Company has delivered this growth with a combination of accelerated brand investments and expansion of distribution network across geographies. These investments have aided us to premiumize our product portfolio and also double our distribution footprint in both India & International market in the last four years. Our global delivery hubs in US & Europe have expanded the reach of Organic ingredients into both mainstream & ethnic channels. Despite the pandemic induced headwinds & disruptions right through the year, we have maintained a relentless focus on our Strategic Pillars of Growth, Margin Expansion and Strengthening the Financial Metrics. As we continue to make sustained investments in strengthening the culture of customer centricity & business excellence across all our domains, we are optimistic on the outlook of the overall business and remain committed towards building a purposive, profitable & progressive organization for the future.” Result PDF
Highlight Total Revenue at Rs. 1,323 crore; up 7% YoY Gross Profit at Rs. 453 crore; up 11% YoY EBITDA stood at Rs. 157 crore Profit After Tax at Rs. 81 crore; up 4% YoY Cash Profit at Rs. 110 crore; up 5% YoY Total Revenue at Rs. 2,545 crore; up 3% YoY Gross Profit at Rs. 866 crore; up 7% YoY EBIDTA stood at Rs. 305 crore Profit After Tax stood at Rs. 157 crore Cash Profit at Rs. 215 crore; up 1% YoY Free Cash flows stood at Rs. 478 crore: up by 22% YoY Finance Cost at Rs. 33 crore; down 34% YoY Book Value per share at Rs. 63.3; up 15% YoY Announced Interim Dividend of Rs. 0.50 per shares Commenting on the financial results, Managing Director & CEO, Mr. Ashwani Arora said that, “During the quarter, we delivered resilient performance with steady growth in revenue and margins across segments and geographies. Our balance sheet has further strengthened with free cash flow being utilized towards debt reduction. Moreover, to tap the vast market opportunity and to drive future growth, we continued our focus towards building strong brand equity, wide global distribution network, product innovation, leadership team and strong backend infrastructure. With the economy moving back towards normalcy and the nation-wide vaccination drive, the HORECA segment has seen substantial recovery and has now bounced back to the pre-COVID levels. We are confident that the Company will continue to perform well on all its key strategic focus areas and will continue to work towards maximizing its shareholder’s value as well as serving the community and people at large.” Result PDF