LT Foods Reports 25% Revenue Growth to Rs 5,273 Crores in H1FY26

LT Foods Limited, a leading player in the rice industry, has reported a robust financial performance for the first half of FY26. The company's total revenue increased by 25% year-on-year to Rs 5,273 crores, while EBITDA grew by 20% to Rs 619 crores.

H1FY26 Performance Highlights

Total Revenue: Rs 5,273 crores (up 25% YoY)
EBITDA: Rs 619 crores (up 20% YoY)
Basmati and Other Specialty Rice: 24% growth (11.4% normalized growth excluding Golden Star and U.S. Tariffs)
Organic Segment: 26% expansion

Market Share and Regional Performance

India: Flagship brand DAAWAT maintained a 26.1% market share
U.S.: Brand Royal holds over 54% market share in its region
Europe and U.K.: Operations reported 31% growth

Q2FY26 Specific Results

Total Revenue: Rs 2,772 crores (up 30% YoY)
Profit After Tax: Rs 164 crores (up 9% YoY)

Strategic Expansion

LT Foods acquired Global Green Kft. for €25 million, marking its entry into the canned food business and strengthening its Ready-To-Heat and Ready-To-Eat segments.

Segment Performance

The company's Ready-To-Heat and Ready-To-Cook segment generated Rs 95 crores in revenue during H1FY26.

Financial Performance Overview

The following table summarizes LT Foods' key financial metrics for Q2FY26:

Metric	Current Quarter	Previous Year Quarter	YoY Change
Revenue	27.66 billion	21.00 billion	+31.7%
EBITDA	3.09 billion	2.29 billion	+34.9%
EBITDA Margin	11.19%	10.89%	+30 bps
Net Profit	1.64 billion	1.48 billion	+10.8%

Market Position

The strong financial results reflect LT Foods' resilient business model and its ability to capitalize on market opportunities. The company's focus on operational excellence and strategic initiatives has contributed to its growth trajectory across various segments and geographical regions.

Note: All figures are in Indian Rupees unless otherwise stated.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	-0.31%	-1.78%	-3.34%	+4.34%	+115.06%

LT Foods Limited, a prominent player in the Indian food industry, has made a strategic move to diversify its portfolio by acquiring three European food processing companies for a total consideration of €7.8 million. This acquisition marks LT Foods' entry into the shelf-stable fruits and vegetables business, signaling a significant expansion of its product offerings and geographical reach.

Acquisition Details

LT Foods has executed a Share Purchase Agreement to acquire 100% shareholding in three companies:

Global Green Europe Kft.
Greenhouse AGRAR Kft.
Global Green International (UK) Limited

The acquisition will be carried out through LT Foods Europe Holdings Limited, a subsidiary of LT Foods Limited. The financial structure of the deal is as follows:

Component	Amount (in EUR)
Upfront Payment	6.00 million
Earn-out Mechanism	1.80 million
Total Consideration	7.80 million

The earn-out portion is contingent upon future earnings, demonstrating a performance-based approach to the acquisition.

About the Acquired Entities

The acquired companies specialize in the production and distribution of shelf-stable fruits and vegetables, with operations primarily based in Hungary. Key highlights of their business include:

Serving over 30 countries across Europe
Two manufacturing sites spread across 45 hectares in Hungary
Annual production capacity of 117 million jars and cans
Workforce of over 170 employees

Their product range includes:

Sweet corn in cans
Gherkins in jars
Silver skin onions in jars
Sour cherries in jars

Financial Performance

The acquired entities have demonstrated consistent financial performance over the past three years:

Year	Turnover (in EUR million)
2022	40.80
2023	37.00
2024	40.30

Strategic Implications

This acquisition aligns with LT Foods' long-term vision of becoming a more diversified and resilient food company. By entering the processed ambient fruits and vegetables business, LT Foods is expanding its product portfolio and gaining a foothold in the European market.

Regulatory Aspects and Timeline

The completion of the acquisition is subject to FDI clearance in Hungary and is expected to conclude in Q3 FY2025-26. LT Foods has confirmed that this transaction does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the entities being acquired.

Market Impact

This strategic move by LT Foods is likely to enhance its global presence and diversify its revenue streams. The acquisition provides LT Foods with established manufacturing facilities, a skilled workforce, and access to a wide European customer base, potentially accelerating its growth in the international processed foods market.

As LT Foods integrates these new entities into its operations, investors and industry observers will be keen to see how this expansion impacts the company's overall performance and market position in the coming years.