LT Foods

LT Foods Limited executed a Share Purchase Agreement to acquire 100% shareholding in Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited from Global Green International N.V. The acquisition will be undertaken through LT Foods Europe Holdings Limited for a total consideration of EUR 7.8 million - EUR 6 million payable at closing and EUR 1.8 million through earn-out mechanism based on future earnings. The acquired entities operate in shelf-stable fruits and vegetables business, with Hungarian operations serving over 30 countries across Europe. The companies produce sweet corns in cans and gherkins, silver skin onions, and sour cherries in jars through 2 manufacturing sites across 45 hectares in Hungary, with annual capacity of 117 million jars and cans and over 170 employees. The entities reported turnover of EUR 40.8 million in 2022, EUR 37.0 million in 2023, and EUR 40.3 million in 2024. The acquisition supports LT Foods' strategy to diversify into processed ambient fruits and vegetables business and is expected to complete in Q3 FY2025-26, subject to FDI clearance in Hungary.

LT Foods has launched a new meal kit featuring Daawat Thai Green Curry Rice, targeting the global gourmet market. The product launch represents the company's expansion into the ready-to-eat meal segment under its Daawat brand.

LT Foods delivered its highest ever quarterly revenue of ₹2,501 crores and EBITDA of ₹302 crores for Q1 FY26, representing growth of 20% and 17% respectively compared to the same period last year. EBITDA margin stood at 12.1% versus 12.4% in the previous year, with the 30 basis points decline attributed to increased brand investments. The Basmati and Other Specialty Rice segment grew 18%, while the organic business reported 32% growth, largely driven by soya meal. North America contributed 43% of revenue with 32% growth (18% normalized excluding Golden Star acquisition), while European Continental operations grew 57% year-on-year. India contributed 31% of revenue with 10% growth. The company completed acquisition of the remaining 45% stake in Golden Star in May 2025, making it the number one Jasmine rice brand in the US. LT Foods' organic arm Nature Bio Foods launched a new facility in Rotterdam capable of handling 15,000 metric tons annually. The company maintains guidance of 12.5% to 13% EBITDA margin and expects to deliver ROCE of 21% plus. Starting Q2 FY26, the company will conduct earnings calls semiannually instead of quarterly.