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Latest news about LT Foods

LT Foods' Acquisition Bid for Global Green Group Rejected by Hungarian Ministry Jan 29, 2026

The Ministry of National Economy in Hungary has denied LT Foods' bid to acquire Global Green Group, representing a significant regulatory setback for the Indian food company. This decision blocks the proposed acquisition that was part of LT Foods' international expansion strategy in the European market. The regulatory rejection highlights the challenges faced by Indian companies pursuing acquisitions in European markets and may prompt the company to explore alternative growth opportunities.

LT Foods Limited earnings call transcript for Q3FY26 held on January 30, 2026 under Regulation 30 Jan 28, 2026

LT Foods Launches DAAWAT I'm Organic Range with QR Code Traceability Technology Jan 23, 2026

LT Foods Limited Schedules Board Meeting for January 28, 2026 to Review Q3FY26 Results and Consider Interim Dividend Jan 21, 2026

LT Foods Limited Incorporates Dubai-Based Wholly Owned Subsidiary for Global Strategic Services Jan 21, 2026

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LT Foods, KRBL Shares Decline After Trump Announces 25% Tariff on Countries Trading with Iran

Basmati rice exporters LT Foods, KRBL, and Chaman Lal Setia Exports declined 2-3% following Trump's announcement of 25% tariffs on countries trading with Iran. KRBL reported export revenue of ₹1,473.00 crore in FY25, with 61% derived from Middle Eastern markets. Despite India's limited direct Iran trade exposure, concerns arise over indirect impacts on exporters with significant overseas presence in key markets.

Bandhan Mutual Fund Increases Stake in LT Foods to 5.02% Through Open Market Purchase

Bandhan Mutual Fund increased its stake in LT Foods Limited to 5.0213% by acquiring 93,006 shares (0.0268%) through open market purchase on January 09, 2026. The fund's total holding rose from 1,73,43,528 to 1,74,36,534 shares, distributed across five schemes with Bandhan Small Cap Fund holding the largest portion at 3.3310%. The disclosure was made under SEBI regulations, confirming the fund's non-promoter status in the food company.

LT Foods Establishes New Rice Manufacturing Facility in Raichur with ₹60 Million Investment

LT Foods has established a new manufacturing facility in Raichur with an annual production capacity of 30,000 metric tonnes, specifically focused on regional rice varieties. The project represents a capital expenditure of ₹60 million and demonstrates the company's strategic expansion in rice manufacturing capabilities. This facility enhancement aligns with LT Foods' growth strategy in the rice processing segment and commitment to diversifying its product portfolio.

LT Foods Sets Up New Rice Plant in Raichur with ₹60 Million Investment

LT Foods has established a new rice manufacturing facility in Raichur with an annual production capacity of 30,000 metric tonnes. The company has invested ₹60.00 million in this expansion, which aims to strengthen its manufacturing capabilities and serve both domestic and potentially international markets.

LT Foods Plans New Rice Unit in Karnataka with February 2026 Production Start

LT Foods Limited has announced establishment of a new manufacturing facility in Raichur, Karnataka, focusing on regional rice varieties with 30,000 metric tons annual capacity. The ₹6 crore investment will be funded through internal accruals with commercial production expected by February 2026, subject to regulatory approvals.

LT Foods Appoints Rohit Jaiswal as COO for Middle East Division Growth

LT Foods has strategically appointed Rohit Jaiswal as Chief Operating Officer for its Middle East division to accelerate regional growth and expansion. With 27 years of FMCG experience across multiple geographies and an MBA from IIM Bangalore, Jaiswal will work with CEO Gursajan Arora to shape the strategic roadmap for Middle East and Africa markets. The appointment supports LT Foods' 3.0 vision as a diversified global FMCG company with ₹8,773 crores consolidated revenue and strong growth trajectory.

LT Foods Secures IND AA/Stable Rating Upgrade on Strong Financial Performance

India Ratings and Research has upgraded LT Foods Limited's long-term bank loan facilities rating to 'IND AA/Stable' from 'IND AA-/Stable'. The upgrade reflects the company's strengthened business profile and robust financial performance. LT Foods has shown significant growth with consolidated EBITDA surpassing INR 10 billion and EBITDA margins improving to 12%. The company maintains a strong 55-60% share in the US basmati rice market and operates in over 80 countries. LT Foods demonstrates a conservative financial profile with net leverage below 1.0x and improved working capital management. Despite challenges such as US tariffs and market competition, the company is expected to maintain its strong market position and financial performance.

LT Foods Promoter to Acquire 11.54 Lakh Shares via Gift Transfer; Company Expands European Presence

LT Foods Limited has announced two key developments. Firstly, promoter Ashwani Kumar Arora will acquire 0.33% of the company's shares from Surinder Kumar Arora as an off-market gift transaction, scheduled for November 24, 2025. This inter-se transfer won't change the aggregate promoter group holding. Secondly, LT Foods has incorporated a new step-down subsidiary, 'LT Foods Hungary Holdings KFT,' in Hungary. This wholly-owned subsidiary of LT Foods Europe Holdings Limited has an initial capital of EUR 8,000 and will serve as an intermediate holding company for proposed Hungarian operations.

LT Foods Expands European Presence with New Hungarian Subsidiary

LT Foods Limited has incorporated a new step-down subsidiary, LT Foods Hungary Holdings Kft., in Hungary with an initial capital of EUR 8,000. The subsidiary, fully owned by LT Foods Europe Holdings Limited, is registered with the number 01-09-449137 and will serve as an intermediate holding company for Hungarian operations. This strategic move aims to strengthen LT Foods' presence in the European market and potentially streamline its operations in the region.

LT Foods Reports Record Q2 Revenue, Launches 'Rice Your Awareness' Initiative

LT Foods achieved its highest-ever quarterly revenue of Rs 2,772 crores in Q2 FY26, a 30% year-on-year growth. The company's EBITDA grew by 24% to Rs 316 crores. North America accounted for 46% of revenue with 47% growth, while India contributed 30% with 13% growth. LT Foods acquired Hungary-based Global Green Kft for $25 million, entering the £15 billion European processed food market. The company launched the 'Rice Your Awareness' initiative under its DAAWAT® brand to promote mindful rice consumption, featuring a #OnlyRiceNovember challenge and expert-curated meal plans.

LT Foods Launches 'Rice Your Awareness' Campaign with 'Only Rice November' Challenge

LT Foods has initiated a nationwide campaign called 'Rice Your Awareness' under its DAAWAT® brand. The four-week initiative aims to promote conscious rice consumption and highlight Basmati rice's nutritional benefits. The campaign features the #OnlyRiceNovember challenge, offering expert-curated meal plans, participation from fitness experts and influencers, and actor Neha Dhupia as an early participant. The challenge gained over 10,000 participants on launch day. The campaign aims to spotlight Basmati rice's goodness, address consumption myths, and position it as a modern-day staple. Participants can access meal plans, earn badges, and share progress online throughout November.

LT Foods Eyes 15% Revenue Growth by FY26, Bolstered by Global Expansion and Premiumisation

LT Foods aims for 15% normalized revenue growth by FY 2026, driven by recent acquisitions and focus on premium segments. The Global Green Europe acquisition is expected to add €40 million to turnover and enter the €15 billion European processed canned food market. Growth strategies include rising basmati exports, premiumisation in ready-to-heat and organic segments, and global expansion. Financial targets include EBITDA margin above 14% and ROCE of 22% within 4 years. H1 FY 2026 results show 25% YoY revenue growth to ₹5,273 crores. The company has a market cap of ₹14,000 crores and an AA credit rating.

LT 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.

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

LT Foods Limited reported strong financial results for H1FY26 with total revenue up 25% to Rs 5,273 crores and EBITDA up 20% to Rs 619 crores. The company saw growth across its Basmati and Specialty Rice segment (24%) and Organic segment (26%). DAAWAT maintained a 26.1% market share in India, while Royal holds over 54% in the U.S. LT Foods acquired Global Green Kft. for €25 million, entering the canned food business. Q2FY26 saw revenue increase by 30% YoY to Rs 2,772 crores with PAT up 9% to Rs 164 crores.

LT Foods Expands into European Processed Foods Market with €7.8 Million Acquisition

LT Foods Limited is acquiring three European food processing companies for €7.8 million, marking its entry into the shelf-stable fruits and vegetables business. The acquisition includes Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited. The deal involves an upfront payment of €6 million and an earn-out of €1.8 million. The acquired entities serve over 30 European countries, have two manufacturing sites in Hungary, and produce 117 million jars and cans annually. Their product range includes canned sweet corn, gherkins, silver skin onions, and sour cherries in jars. The acquisition is expected to conclude in Q3 FY2025-26, subject to FDI clearance in Hungary.

LT Foods Expands Global Gourmet Portfolio with Daawat Thai Green Curry Rice Kit

LT Foods has launched the Daawat Thai Green Curry Rice Kit, expanding its Ready-to-Cook (RTC) and Ready-to-Eat (RTE) offerings. The kit includes Jasmine Rice from Thailand, a pre-mixed green curry paste, and whole spices, aiming to provide an authentic Thai cuisine experience at home. This launch follows the success of the Daawat Biryani Kit, which has achieved over 1 million units in annual consumption. The new product is available on e-commerce and quick commerce platforms, aligning with LT Foods' strategy to meet evolving consumer demands for convenient, global meal solutions.

LT Foods Reports Record Q1 FY26 Revenue of ₹2,501 Crores, Up 20% YoY

LT Foods achieved its highest ever quarterly revenue of ₹2,501.00 crores in Q1 FY26, a 20% year-on-year growth. EBITDA reached a record ₹302.00 crores, up 17% YoY. Basmati and specialty rice segment grew 18%, while organic business saw 32% growth. North America contributed 43% to revenue with 32% growth. The company completed the acquisition of Golden Star, expanded operations in Europe, and increased brand investments. Management maintains guidance of 12.5-13% EBITDA margin and expects ROCE of 21% plus.

LT Foods Declares Rs 1 Interim Dividend, Reports Mixed Q1 Performance

LT Foods announced an interim dividend of Rs 1 per share for FY2025-26. Q1 financial results show 20% revenue growth to Rs 2,501 crores, with EBITDA increasing to Rs 302 crores. The Basmati segment grew 14%, while Organic Food saw 34% growth. However, the Ready-to-Heat segment declined 16%. The company completed acquisition of Golden Star Trading Inc. and faces potential countervailing duty on organic soybean meal exports to the US.

LT Foods Reports 20% Revenue Growth in Q1 FY2026 Results

LT Foods announced robust Q1 FY2026 financial results, with revenue increasing 20% to ₹2,501.00 crores. Gross profit rose 24% to ₹867.00 crores, EBITDA grew 17% to ₹302.00 crores, and PAT increased 9% to ₹216.00 crores. The Basmati & Other Specialty Rice segment led growth with an 18% revenue increase, while the Organic Food and Ingredients segment saw 32% growth. The company maintains leading market positions in Canada, USA, and India, and aims to achieve a 14%+ EBITDA margin within four years.

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