L T Foods Ltd
LTFOODS NSE
L T Foods Ltd
FMCGNSE: LTFOODS BSE: 532783 Agricultural Products
Key Fundamentals
MicrocapAgricultural ProductsFMCGMarket Cap
₹14,543 Cr
Volatility
Moderate
P/E Ratio
23.1
EBITDA
₹1,159 Cr
Return on Equity
15.88%
Debt to Equity
0.36
Book Value
₹130.18
EPS
₹17.54
52W High
₹480
52W Low
₹333.15
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY11–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Growth Rate
Revenue Growth
24.81% ↗
Net Income Growth
0.13% ↘
Cash Flow Change
-38.90% ↘
ROE
-8.94% ↘
ROCE
-9.56% ↘
EBITDA Margin (Avg.)
-13.57% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
L T Foods Ltd is a branded basmati rice company that crossed the USD 1 billion revenue milestone in FY25 (₹8,770 crore, up 12% YoY) and accelerated to ₹11,023 crore in FY26 (up 26% YoY). It trades at a PE of 23.1x with a market cap of ₹14,840 crore. While revenue growth has been strong (5-year sales CAGR of 19%), profit growth has moderated to just 3% on a TTM basis, and the stock has declined 7% over the past year after a strong multi-year run.
Bull Case 8
- Revenue crossed USD 1 billion in FY25 and grew 26% YoY to ₹11,023 crore in FY26, demonstrating sustained top-line momentum
- 5-year compounded sales CAGR of 19% and profit CAGR of 18% reflect a consistent long-term growth track record
- 3-year stock CAGR of 34% and 10-year CAGR of 31% indicate sustained wealth creation over longer timeframes
- Return on equity has remained consistently in the 15-17% range over the last decade, indicating efficient capital deployment
- Debt-to-equity ratio is low at approximately 0.3x with interest coverage of 10.4x (9M FY25), reflecting a comfortable balance sheet
- Market leadership in key geographies — Royal brand holds 55% share in North America basmati, Golden Star is the No.1 Jasmine rice brand
- Diversification into organic foods (₹1,016 crore revenue in FY26) and ready-to-eat/cook segment (₹187 crore, 2.5x growth over 5 years) provides growth optionality beyond core basmati
- Gross margin improved 145 bps to 33.8% in 9M FY25 due to lower input costs, showing pricing power in a commodity-linked business
Bear Case 8
- TTM profit growth has sharply decelerated to just 3% despite revenue growing 28%, suggesting margin compression
- Stock has declined 7% over the past 1 year, underperforming after a strong prior run-up, indicating potential valuation fatigue
- EBITDA margin declined 80 bps YoY to 11.9% in 9M FY25, pressured by higher freight charges and brand investment spending
- FY25 PAT grew only 2.4% to ₹612 crore (from ₹598 crore) despite 12% revenue growth, indicating operating leverage challenges
- PE of 23.1x is elevated for a commodity-linked food business with sub-12% EBITDA margins and single-digit near-term profit growth
- Dividend yield of just 0.7% offers minimal income return relative to risk-free alternatives
- Heavy revenue concentration in basmati rice (84% of overall revenue) exposes the company to raw material price volatility and government export policy changes
- Price-to-book of 3.27x leaves limited margin of safety if growth rates normalise from current elevated levels
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 17h ago Positives 4
- Q1FY27 revenue surges 26% Aug 1
LT Foods posted Q1FY27 revenue of ₹3,161 crore (up 26% YoY) with net profit rising 9% to ₹183 crore, driven by strong Basmati segment performance.
- Celebrity chef brand campaign Aug 4
LT Foods appointed celebrity chef Ranveer Brar as brand ambassador for DAAWAT Delight Basmati, launching a multi-platform campaign highlighting Superior Flavour Absorption technology.
- US countervailing duty reduced Aug 1
The US Department of Commerce issued a reduced countervailing duty rate for LT Foods, potentially improving competitiveness in the US market.
- Australia subsidiary incorporated Aug 1
LT Foods incorporated LT Foods Australia PTY Limited, signaling geographic expansion into the Australian market.
Neutral 4
- Multiple analyst meets scheduled Aug 16
LT Foods scheduled analyst meetings with Arihant Capital (Aug 19), Seven Canyon Advisors (Aug 11), and at Emkay Confluence 2026 (Aug 13), indicating active investor engagement.
- Hungary subsidiary dissolved Aug 7
Step-down subsidiary LT Foods Hungary Holdings Kft. was dissolved via voluntary liquidation effective Aug 5, 2026, per Budapest Metropolitan Court order.
- Final dividend record date set Jul 30
Record date fixed as September 18, 2025 for ₹1 per share final dividend for FY26, subject to AGM approval on September 29, 2026.
- Q1FY27 earnings call held Jul 23
LT Foods held its Q1FY27 earnings call on July 31, 2026 following the board meeting on July 30.
TL;DR: LT Foods is delivering strong top-line growth with Q1FY27 revenue up 26% to ₹3,161 crore, though profit growth at 9% lags revenue due to organic segment margin compression. The company is actively expanding geographically (Australia, reduced US duties) and investing in brand building with a celebrity ambassador. No significant headwinds are visible in recent news, and the growth trajectory appears positive with sustained investor interest.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,778 | 1,978 | 1,942 | 2,075 | 2,071 | 2,108 | 2,275 | 2,228 | 2,464 | 2,766 | 2,809 | 2,907 | 3,152 |
| Expenses | 1,564 | 1,737 | 1,703 | 1,830 | 1,830 | 1,879 | 2,025 | 1,970 | 2,199 | 2,456 | 2,495 | 2,639 | 2,798 |
| Operating Profit | 214 | 240 | 239 | 245 | 241 | 229 | 250 | 258 | 265 | 309 | 314 | 267 | 354 |
| OPM % | 12% | 12% | 12% | 12% | 12% | 11% | 11% | 12% | 11% | 11% | 11% | 9% | 11% |
| Other Income | 25 | 26 | 20 | 28 | 28 | 35 | 17 | 36 | 43 | 8 | 4 | 31 | 10 |
| Interest | 22 | 19 | 18 | 23 | 19 | 20 | 24 | 26 | 28 | 28 | 35 | 40 | 40 |
| Depreciation | 36 | 36 | 36 | 45 | 42 | 45 | 46 | 53 | 52 | 60 | 63 | 70 | 74 |
| PBT | 181 | 211 | 204 | 204 | 208 | 200 | 198 | 216 | 228 | 229 | 220 | 189 | 250 |
| Tax % | 24% | 26% | 25% | 27% | 25% | 25% | 27% | 26% | 26% | 28% | 29% | 28% | 27% |
| Net Profit | 137 | 157 | 153 | 150 | 155 | 151 | 145 | 161 | 168 | 164 | 157 | 136 | 183 |
| EPS in Rs | 3.96 | 4.49 | 4.35 | 4.28 | 4.41 | 4.27 | 4.13 | 4.62 | 4.85 | 4.72 | 4.53 | 3.91 | 5.28 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,716 | 2,955 | 3,245 | 3,614 | 3,890 | 4,135 | 4,644 | 5,427 | 6,936 | 7,772 | 8,681 | 10,946 | 11,633 |
| Expenses | 2,452 | 2,598 | 2,887 | 3,237 | 3,490 | 3,668 | 4,092 | 4,835 | 6,235 | 6,834 | 7,703 | 9,787 | 10,388 |
| Operating Profit | 264 | 357 | 358 | 376 | 400 | 467 | 552 | 592 | 701 | 938 | 979 | 1,159 | 1,245 |
| OPM % | 10% | 12% | 11% | 10% | 10% | 11% | 12% | 11% | 10% | 12% | 11% | 11% | 11% |
| Other Income | 45 | -38 | 48 | 36 | 21 | 33 | 42 | 23 | 71 | 98 | 117 | 83 | 53 |
| Interest | 151 | 148 | 157 | 147 | 139 | 132 | 87 | 69 | 82 | 83 | 88 | 131 | 143 |
| Depreciation | 47 | 52 | 55 | 50 | 69 | 91 | 108 | 123 | 127 | 153 | 186 | 245 | 267 |
| PBT | 111 | 120 | 194 | 216 | 214 | 277 | 398 | 424 | 563 | 801 | 822 | 866 | 888 |
| Tax % | 31% | 39% | 33% | 33% | 36% | 28% | 27% | 27% | 25% | 25% | 26% | 28% | — |
| Net Profit | 76 | 72 | 129 | 144 | 137 | 199 | 289 | 309 | 423 | 598 | 612 | 625 | 640 |
| EPS in Rs | 2.74 | 2.7 | 4.4 | 4.21 | 3.96 | 5.77 | 8.57 | 9.14 | 11.6 | 17.09 | 17.43 | 18.01 | 18.44 |
| Div. Payout % | 7% | 6% | 3% | 4% | 4% | 9% | 12% | 11% | 9% | 9% | 17% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 27 | 27 | 32 | 32 | 32 | 32 | 32 | 35 | 35 | 35 | 35 |
| Reserves | 436 | 510 | 638 | 1,147 | 1,297 | 1,449 | 1,724 | 1,966 | 2,722 | 3,337 | 3,819 | 4,486 |
| Borrowings | 1,692 | 1,597 | 1,610 | 1,548 | 1,690 | 1,764 | 1,570 | 1,320 | 1,221 | 917 | 1,261 | 1,610 |
| Other Liabilities | 291 | 330 | 460 | 529 | 554 | 573 | 787 | 1,042 | 1,341 | 1,753 | 2,298 | 2,934 |
| Total Liabilities | 2,445 | 2,464 | 2,735 | 3,256 | 3,573 | 3,818 | 4,112 | 4,359 | 5,319 | 6,042 | 7,413 | 9,064 |
| Fixed Assets | 370 | 361 | 374 | 566 | 601 | 906 | 880 | 905 | 995 | 1,160 | 1,404 | 1,852 |
| CWIP | 15 | 24 | 40 | 28 | 42 | 17 | 33 | 35 | 27 | 41 | 45 | 67 |
| Investments | 7 | 6 | 14 | 14 | 36 | 33 | 29 | 25 | 127 | 183 | 223 | 48 |
| Other Assets | 2,053 | 2,072 | 2,308 | 2,648 | 2,894 | 2,862 | 3,171 | 3,394 | 4,170 | 4,657 | 5,741 | 7,097 |
| Total Assets | 2,445 | 2,464 | 2,735 | 3,256 | 3,573 | 3,818 | 4,112 | 4,359 | 5,319 | 6,042 | 7,413 | 9,064 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 9 | 297 | 227 | 60 | 103 | 477 | 445 | 517 | 258 | 757 | 462 | 910 |
| Investing | -58 | -54 | -83 | -233 | -137 | -83 | -101 | -145 | -395 | -201 | -219 | -845 |
| Financing | 32 | -235 | -137 | 160 | 44 | -404 | -346 | -358 | 136 | -538 | -150 | -127 |
| Net Cash Flow | -17 | 8 | 7 | -13 | 10 | -10 | -2 | 15 | 0 | 17 | 93 | -62 |
| Free Cash Flow | -46 | 244 | 149 | -169 | -11 | 393 | 346 | 366 | 115 | 556 | 224 | 554 |
| CFO/OP | 22 | 93 | 77 | 43 | 52 | 119 | 101 | 106 | 55 | 97 | 71 | 99 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 46 | 52 | 47 | 50 | 55 | 38 | 41 | 35 | 32 | 32 | 29 |
| Inventory Days | 249 | 233 | 231 | 251 | 247 | 222 | 261 | 247 | 254 | 249 | 286 | 248 |
| Days Payable | 18 | 27 | 35 | 50 | 37 | 33 | 59 | 74 | 90 | 88 | 116 | 101 |
| Cash Conversion Cycle | 273 | 253 | 248 | 248 | 260 | 244 | 240 | 215 | 199 | 193 | 202 | 176 |
| Working Capital Days | 19 | 1 | 15 | 61 | 73 | 78 | 93 | 91 | 100 | 105 | 100 | 82 |
| ROCE % | 13% | 14% | 16% | 14% | 12% | 13% | 14% | 14% | 17% | 21% | 19% | 18% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Schedule of Investor Conference Call for Q4 & FY 26 8 May - Schedule of Investor Conference Call for Q4 & FY 26
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Schedule of Investor Conference Call for Q4 & FY 26 8 May - Schedule of Investor Conference Call for Q4 & FY 26
3
Announcement under Regulation 30 (LODR)-Resignation of Director
7 May - Neeru Singh and Satish Chander Gupta resigned as independent directors effective 6 May 2026. 7 May - Neeru Singh and Satish Chander Gupta resigned as independent directors effective 6 May 2026.
4
Board Meeting Intimation for Consideration And Approval Of The Audited Standalone & Consolidated Financial Result Of The Company For The Quarter And Financial Year Ended March 31, 2026 And Recommendation Of Final Dividend, If Any.
7 May - Board meets 14 May 2026 to approve FY26 audited results and consider final dividend. 7 May - Board meets 14 May 2026 to approve FY26 audited results and consider final dividend.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Apr - LT Foods launched DAAWAT factory at KidZania on April 28, 2026 for children’s experiential learning. 28 Apr - LT Foods launched DAAWAT factory at KidZania on April 28, 2026 for children’s experiential learning.
Frequently Asked Questions about L T Foods Ltd
What does L T Foods Ltd do?
LT Foods Ltd. is a leading Indian-origin global FMCG company in the food and consumer goods space. It is a leading player globally in the specialty Rice and rice-based foods business for over the last 70 years.[1]
Where is L T Foods Ltd (LTFOODS) listed?
L T Foods Ltd is listed on the Indian stock exchanges. It is listed on NSE: LTFOODS and BSE: 532783. You can view its live share price, financials, and ratios on Tapetide.
Which sector does L T Foods Ltd belong to?
L T Foods Ltd operates in the FMCG sector within the Agricultural Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of L T Foods Ltd?
L T Foods Ltd has a market capitalisation of approximately ₹14542.95 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of L T Foods Ltd?
The Price-to-Earnings (PE) ratio of L T Foods Ltd is 23.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of L T Foods Ltd?
Over the past 52 weeks, L T Foods Ltd has traded between a low of ₹333.15 and a high of ₹480. This range helps investors understand the stock's price volatility and recent trading levels.
Does L T Foods Ltd pay dividends?
Yes, L T Foods Ltd has a dividend yield of 0.72%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of L T Foods Ltd?
L T Foods Ltd has a Return on Equity (ROE) of 15.88%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research L T Foods Ltd on Tapetide?
On Tapetide, you can view L T Foods Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
LT Foods Ltd. is a leading Indian-origin global FMCG company in the food and consumer goods space. It is a leading player globally in the specialty Rice and rice-based foods business for over the last 70 years.[1]
Website ltgroup.in
CEO Mr. Vijay Kumar Arora
Employees 1,302
Listed 2006-12-18
Face Value ₹ 1
Issued Size 34,72,52,944