LT Foods H1 Revenue rises 22 Pc to Rs 6,414-Cr, Net Profit Up 9 Pc
New Delhi, Oct 27 (TNT): LT Foods Ltd, a leading global FMCG company in the consumer food space, on Tuesday reported a 22 per cent year-on-year growth in consolidated revenue to Rs 6,414 crore for the first half of FY27, while net profit increased nine per cent to Rs 364 crore.
EBITDA rose 17 per cent to Rs 721 crore during the April-September period, the company said in a statement.
For the second quarter ended September 30, consolidated revenue increased 17 per cent to Rs 3,253 crore from Rs 2,772 crore in the corresponding period last year.
Net profit rose 10 per cent to Rs 180 crore, while EBITDA increased 13 per cent to Rs 358 crore.
The company’s Basmati and other specialty rice business registered 27 per cent growth in the first half.
The ready-to-eat, ready-to-cook and ready-to-heat segment grew eight per cent to Rs 102 crore, while the organic food and ingredients segment reported revenue of around Rs 520 crore amid business restructuring.
India recorded 24 per cent growth during the first half, while North America registered 20.8 per cent growth.
The Middle East and other international markets posted 24.6 per cent growth.
On a standalone basis, revenue rose 14.1 per cent to Rs 2,417 crore in H1 FY27.
EBITDA increased 33.5 per cent to Rs 223 crore, while net profit grew 23.9 per cent to Rs 134 crore.
Managing Director and CEO Ashwani Arora said the performance reflected the strength of the company’s brands, diversified global business and execution across markets.
The company reported a 15 per cent increase in gross profit to Rs 2,087 crore during the first half. However, the gross profit margin declined 190 basis points to 32.5 per cent, while the EBITDA margin fell 50 basis points to 11.2 per cent, partly due to restructuring of the organic segment and increased brand investments.
LT Foods also said its CRISIL ESG rating improved to 61 from 54, moving from the ‘Adequate’ to the ‘Strong’ category.
The company markets specialty rice and rice-based food products under brands including Daawat and Royal and has a presence in more than 85 countries.
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