NewsEarningsLT Foods Approves £5 Million Equity Infusion in UK Subsidiary, Reports Strong H1 FY'26 PerformanceLT Foods Approves £5 Million Equity Infusion in UK Subsidiary, Reports Strong H1 FY'26 Performance
LT Foods Limited announced a £5 million equity infusion into its UK subsidiary, LT Foods UK Limited, to improve financial ratios and expand specialty rice business. The company also reported robust H1 FY'26 results with revenue up 25% to ₹5,273 crores, EBITDA up 20% to ₹619 crores, and PAT up 9% to ₹332 crores. Key growth areas include Basmati and Specialty Rice (24% YoY), Organic segment (26% YoY), and Europe/UK operations (31% YoY). LT Foods maintains strong market positions with DAAWAT® at 26.1% share in India and Royal® over 54% in the US.
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LT Foods Limited , a global FMCG company specializing in rice and rice-based products, has announced two significant developments: a strategic equity infusion in its UK subsidiary and robust financial results for the first half of fiscal year 2026.
Equity Infusion in UK Subsidiary
The Board of Directors of LT Foods has approved an additional equity infusion of £5 million into LT Foods UK Limited, a step-down subsidiary of the company. The funding will be split as follows:
- £2 million from LT Foods Limited
- £3 million from LT Foods Americas Inc.
LT Foods UK Limited, which operates in the specialty rice and rice food manufacturing and distribution business, had a net worth of £5.40 million and a turnover of £21.00 million as of March 31, 2025. The company was incorporated on July 17, 2023, and began production in July 2024.
This equity infusion aims to improve the financial ratios of LT Foods UK Limited and expand its specialty rice business. The company plans to complete this capital injection by December 2025.
Strong Financial Performance in H1 FY'26
LT Foods has also reported impressive financial results for the first half of fiscal year 2026:
| Financial Metric | H1 FY'26 (₹ crores) | YoY Growth |
|---|---|---|
| Revenue | 5,273.00 | 25% |
| EBITDA | 619.00 | 20% |
| Profit After Tax | 332.00 | 9% |
Key highlights of the financial performance include:
- The Basmati and Other Specialty Rice business recorded a 24% year-on-year growth (normalized growth of 11.4%, excluding Golden Star and U.S. Tariffs).
- The Organic segment delivered a robust 26% year-on-year growth.
- In India, the market share of the flagship brand DAAWAT® stands at 26.1%.
- In the U.S., the Royal® brand now holds over 54% market share.
- Europe and U.K. operations reported 31% year-on-year growth.
Mr. Ashwani Arora, Managing Director & CEO of LT Foods, commented on the results: "I am pleased to share that we have concluded the first half of FY'26 on a strong and positive trajectory. Our resilient business model, unwavering commitment to quality, and deep consumer insights have collectively enabled us to deliver a robust 25% growth in revenue, underscoring the strength and agility of LT Foods."
The company also highlighted its recent acquisition of Global Green Kft. for €25.00 million, marking its entry into the canned food business and strengthening its Ready-to-Heat (RTH) and Ready-to-Eat (RTE) segments.
As LT Foods looks ahead in FY'26, its priorities include building stronger brand equity, accelerating market expansion, investing in digital transformation, and evolving through strategic partnerships.
With these developments, LT Foods continues to strengthen its position in the global food industry, focusing on growth through packaged food and expanding its presence in international markets.
Historical Stock Returns for LT Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.80% | -1.28% | +3.67% | +21.34% | +7.77% | +121.49% |
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