LT Foods Ltd. share price target

Q3FY22 consolidated revenue grew by 26%YoY (+4%QoQ) aided by strong growth across segments. Basmati & Other specialty rice segment grew by 23%, Organic Foods segment by 17% and Health & Convenience segments by ~73% on YoY basis. Accelerated brand investments along with re-opening of HoReCa (Hotel, Restaurants and Catering) is aiding topline growth. The company targets 5Yr revenue CAGR of 1012% supported by continuous focus on expanding product portfolio and strengthening...

witnessed a 100% demand recovery in the Indian markets in both the HORECA and retail side, however, markets such as Middle East is yet to see a good recovery. The company has targeted to grow at a CAGR of 10-12% for the next five years with a modest margin expansion target of 140-150bps. We expect LTF to easily achieve this target with the continued growth and expansion...

Evolving from a rice trader to consumer food company LT Foods (LTF) is a global consumer specialty company with a focus on Basmati rice, Organic Foods and Rice based Convenience Products and...

LT Foods Ltd (LTF) witnessed a muted quarter with decline in revenues by 6% mainly due to stocking up in March last year with onset of Pandemic. Operating margins also contracted marginally due to investments made in strengthening its international operations. EBIDTA margins was marginally lower by 26bps with increase in gross margins led by improving product mix. For the full year FY21, the company registered a revenue growth of 12% led by growth in the US, Europe and Organic business. Increase in gross profits and savings in interest cost led to expansion in...

rice and saut sauces. LTF has major brands in: Rice business - Daawat, Devaaya, Royal, Indus Valley, 817 Elephant, Chef's Secret, Heritage and Rozana; Organic Business Daawat and EcoLife; New Product Business Kari Kari, Daawat and Royal. LTF has exports in more than 60 countries with presence in major geographies like North America, Middle East, Europe and Africa among others. The company generates around 85% of its revenues from the core rice business followed...

LT Foods Limited has posted Q1FY20 earnings report, exceeding our estimates.

European business stabilizes, Focus shifts to Margin improvement For Q4FY19, on a consol. basis, LT Foods (LTFL) reported weak operational performance. Revenue/EBITDA down 6%/5% YoY with EBITDA margin flat at 8.8%. PAT declined 38% YoY on account of higher depreciation and finance cost. In order to achieve better profitability, the company is likely to focus on better margin business in India (premium segment of branded basmati like Daawat) & higher profitable geographies. Company's European business has ramped up...

Subdued Quarterly and Full Year Operating Performance: LT Foods Limited has posted subdued set of consolidated numbers for Q4FY19wherein its revenue at Rs. 10087 Mn (as against our estimate of Rs. 12700...

For Q3FY19, LT Foods Ltd (LTFLs) revenue grew 21% YoY largely driven by pick up in branded consumer business and better realization both in India (+2%) and international (+8%) market. In Q3FY19, branded business (both domestic and international combined) saw a growth of 2% YoY driven by better realization in international branded segment (up 8% YoY). Organic segment de-grew by 12% YoY in value terms largely on account of consolidation. For Q3FY19, growth was triggered by India unbranded segment and other value added products which together grew by 63% YoY. Other Income Adj. PAT Adj. PAT Margin % Market share in India Basmati rice industry for the company stands at 29% while in USA it is 45% (Royal Brand). Branded business as % of overall sales up 100bps YoY for 9MFY19 to 69% from 68%. In Q3FY19, other income was down significantly on account of lower forex gains of INR50mn vs INR220mn gains for the corresponding quarter last year.

Mixed Q3FY19 - Impressive Top-line But Subdued Bottom-line: LT Foods Limited has posted good set of consolidated numbers for Q3FY19 wherein its revenue at Rs. 11139 Mn (against our estimate of Rs. 10028 Mn) registered growth of 21% on YoY basis. EBITDA at Rs. 1095 (against our estimate of Rs. 1003 Mn) grew at 27% on YoY basis. EBITDA margin at 10% met our estimate and expanded by 48 bps on YoY basis.