L T Foods Ltd(LTFOODS)

NSE: LTFOODSBSE: 532783

₹ 380.1-1.20%refreshed 23 Oct, 03:55 pm ISTMarket cap: ₹ 13,199 crNext results: 27 Oct 2026Website: www.ltgroup.in/Updated: 24 Oct 2026

About

LT Foods is an Indian-origin global FMCG consumer food company with over seven decades in speciality rice and rice-based foods, where branded speciality rice accounts for close to 85% of revenue (FY25). Its flagship DAAWAT leads the Basmati segment in India, while Royal is the No. 1 Basmati brand in the US. It also runs an organic foods business through Nature Bio Foods and a ready-to-heat/ready-to-cook segment. Revenue was Rs 10,945.56 Cr in FY26.^[1][2]

Business segments

Basmati & Specialty Rice was 90% of consolidated revenue in Q1 FY27, with ₹2,845 Cr revenue at a 13% EBITDA margin.^[3]
Organic Foods & Ingredients revenue was ₹254 Cr in Q1 FY27 (13% decline YoY), with EBITDA margin at 4% vs 10% as it shifted from wholesale to direct CPG/retail.^[3]
Ready-to-Heat & Ready-to-Cook revenue was ₹53 Cr in Q1 FY27 (+13% YoY), with EBITDA margin at -9%.^[3]
Geographic revenue in FY25: America ₹3,543.34 Cr, India ₹2,629.65 Cr, Europe incl. UK ₹1,606.56 Cr, Others ₹901.91 Cr.^[1]

Brands and products

Brand portfolio (FY25) includes DAAWAT, Royal, Rozana, Heritage, Devaaya, Golden Star, Indus Valley, Ecolife, Kari Kari and Leev.^[1]
Royal commands over 60% of US basmati rice import share as of Q1 FY27; Golden Star is the #1 jasmine rice brand in the US.^[3]
In North America the company held over 55% share in the branded Basmati rice category in FY25.^[1]
Daawat held 23.1% market share in India's basmati segment (MAT Jun'26) and reached 64.4 lakh households, up from 45.6 lakh in MAT'23.^[3]
Daawat Extra Long Basmati was named Product of the Year 2026 in the UK; HoReCa brand 'Daawat Hadeel' was launched in Saudi Arabia and the Middle East.^[4]
RTH/RTC portfolio includes Biryani kits, which grew 42% YoY in Q1 FY27.^[3]

Operations and manufacturing

Manufacturing sites (FY25): Bahalgarh (Haryana), Varpal and Bhikhiwind (Punjab), Mandideep (MP), Rotterdam, Houston, Harlow (UK) and Uganda.^[1]
Total manufacturing capacity of 2,190 MT/day in the Basmati and Other Specialty segment in India (FY25).^[1]
Bahalgarh packaging capacity was scaled up from 23,000 tons to 3,75,000 tons (FY25).^[1]
Plant utilisation was over 85% across the Group in FY25.^[1]
Rotterdam B2C organic facility, inaugurated in H1 FY26 with ~₹20 crores initial capex and ₹15 crores more planned over three years; it is set to handle 15,000 MT of organic products annually.^[5][1]
A new domestic packing unit in India came online in February 2026, able to support about ₹200 crores of additional revenue.^[6]
Procurement network of 30,000+ farmers, 97,000+ globally; sourcing spans India, Thailand, Myanmar, Africa, Turkey and other origins (FY25).^[1]
Nature Bio Foods, a wholly owned subsidiary, operates across India, Uganda, Turkey, the US and the Netherlands (FY25).^[1]

Key operating numbers

Sales volume was 7 lakh MT in the Basmati and Other Specialty segment in FY25.^[1]
Basmati branded volume grew 10% YoY in Q1 FY27; overall basmati segment volume grew 20% in 9MFY26.^[3]
Inventory days fell to 187 in Q1 FY27 from 221 in Q1 FY26; working capital days fell to 170 from 195.^[3]
Logistics cost was 4.7% of revenue in Q1 FY27.^[3]

Customers and distribution

International markets were 71% of consolidated revenue in Q1 FY27; North America alone was 50%, growing 49% YoY (27% normalized).^[3]
2,000+ distributors across 80+ countries in FY25, including over 1,700 in India and 150 in the US.^[1]
India distribution reached 172,000 outlets as of Q4 FY26; quick commerce and e-commerce grew over 45% in FY26.^[4]
Four of the top five UK grocery chains, including Sainsbury, Waitrose, Asda and Morrison, were onboarded (FY25).^[1]
Europe revenue grew 34% in FY26; UK revenue was about GBP 45 million in FY26.^[4]
Middle East and RoW grew 44% YoY in Q1 FY27; e-commerce business reached #1 category position in the Middle East.^[3]
Saudi Arabia branded revenue was ₹17 Cr in Q1 FY27; it doubled to ₹35 Cr in 9MFY26 from ₹17 Cr in 9MFY25.^[3]

Expansion and capex

FY27 capex guided at about ₹330 crores, with long-term steady-state capex of ~₹250 crores per year.^[4]
A new US RTH facility was expected to start in Q2 FY27 (July 2026), adding about 15 million pouches of capacity.^[3]
US RTH is targeted to grow from 15 million to 30 million pouches (~₹300 crores) within two years of the new plant starting.^[4]
RTH/RTC EBITDA breakeven is targeted at ₹400 crores revenue, expected within 2-3 years from Q1 FY27.^[3]
Rotterdam B2C organic facility is expected to add ₹400 crores revenue over five years, accelerating from FY27.^[5]
UK revenue is targeted at GBP 100 million by 2030, from about GBP 45 million in FY26.^[4]

Recent developments

September 2026: Nature Bio Foods B.V. agreed to buy a further 40.75% of Leev.nu B.V. (Netherlands) for EUR 1.735 million, taking its stake to 70.75%; completion expected October 2026.^[7]
February 23, 2026: US final CVD order on Ecopure's organic soybean meal revised the rate from 340.27% to 75.48%; LT Foods has appealed in the Court of International Trade.^[4]
Golden Star, acquired in FY26, was consolidated for the first time in Q1 FY27.^[3]
Hungary's Ministry of National Economy rejected the proposed acquisition of Global Green Group in Q3 FY26, citing national, economic and sectoral risks.^[6]

Market Cap

₹13,199 Cr

High / Low

₹491 / 332

Stock P/E

20.6

Price / Book

2.9

Book Value

₹130

EPS

₹18.0

No. of Shares

34.73 Cr

ROCE

17.6%

ROE

14.9%

OPM

9.0%

Debt / Equity

0.22

Sales

₹10,946 Cr

Net Profit

₹625 Cr

Promoter holding

51.0%

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