LT Foods Ltd

Meeting Details

• Date & time: August 19, 2026, 11:30 IST.
• Type & mode: Virtual investor meeting.
• Organizer: Arihant Capital investor meeting.

Participants

• Company participants: Chief Corporate Development Officer; Chief Financial Officer.

Purpose

• Purpose: Analyst/institutional investor meeting schedule.

Meeting Details

• Date & time: 13 Aug 2026, 11:00 IST; Physical meeting at Emkay Confluence 2026.
• Type & mode: Physical in-person

Participants

• Key company participants: Chief Corporate Development Officer; Chief Financial Officer.

Purpose

• Purpose: Analyst/institutional investor meeting.

Subsidiary dissolution

• LT Foods Hungary Holdings Kft., a step-down subsidiary, dissolved via voluntary liquidation.
• Budapest Metropolitan Court ordered deletion from the Hungarian Company Register, effective August 5, 2026.

Meeting Details

• Date & Time: August 11, 2026, 06:30 PM IST.
• Type/Mode: Virtual meeting.
• Organiser: Seven Canyon Advisors.

Participants

• Key company participants: Chief Corporate Development Officer; Chief Financial Officer.

Purpose

• Intimation of analyst/institutional investor meeting.

Business Overview

• Global footprint in 85+ countries with premium brands Daawat, Royal, Golden Star.
• Core segments: Basmati & Other Specialty Rice; Organic Foods & Ingredients; Ready-to-heat & Ready-to-cook.
• Strategic emphasis on organic exports, ESG, and digital supply-chain enhancement.

Key Operational Highlights

• Consolidated revenue up 26% YoY to ₹3,161 cr; EBITDA +20%.
• India revenue +19% YoY; 29% of total; market share 23.1%.
• International revenue 71% of total; North America +49% YoY; ME/ROW +44%.
• Royal commands 60%+ Basmati import share in North America.
• Golden Star is the #1 Jasmine rice brand in the US.
• Daawat UK revenue target £100m over four years.
• RTH & RTC revenue +13% YoY; Biryani Kit +42%.
• Organic Foods & Ingredients revenue -13% YoY; margin 4%.
• Ecopure organic soyabean meal US duty revised to 75% from 340%; appeal filed.
• Basmati & Other Specialty Rice revenue ₹2,845 cr; volume +11%; branded +10%.

Financial Performance

• PAT ₹183 cr; ROCE 21.1%; Net Debt/EBITDA 0.48x.
• Consolidated revenue ₹3,161 cr; gross profit +19%; gross margin 32.6%.
• EBITDA +20% YoY.
• Basmati segment EBITDA margin 13%; Organic margin 4%; RTH/RTC margin -9%.
• Inventory days 187; working capital days 170; receivable days 26.

Capital Structure & Liquidity

• Market cap ₹12,762 cr; free float 40%.
• Shares outstanding 34.7 cr.
• Promoter shares are unencumbered.
• Net debt/EBITDA 0.48x.

Strategic Priorities & Outlook

• UK revenue target £100m within four years.
• Europe expansion with 10 kg packs; origin-traceable portfolio.
• Digital transformation to enable growth; plan to resolve POS bottlenecks.
• 72/100 NSE ESG rating (Aspiring).
• Global manpower 2,800+; 58% millennials/Gen Z.
• Growth drivers: premiumisation, e-commerce, regional foods expansion.

Risks & Mitigation

• Ecopure duty revision; appeal filed.
• Organic remodeling-induced margin contraction; normalization expected.
• Growth exposure to international markets; diversification mitigates risk.

Governance & Leadership

• Promoter shares are unencumbered.
• Free float 40%; market cap ₹12,762 cr as of 30 Jun 2026.
• Shares outstanding: 34.7 cr.

Business Overview

• Consolidated revenue ₹3,161 Cr, up 26% YoY; gross profit +19%, EBITDA +20%.
• India revenue +19% YoY, 29% of total; MAT Jun'26 market share 23.1%.
• International markets contribute 71% of revenue; NA +49% YoY; ME/ROW +44%.
• Basmati & Other Specialty Rice revenue ₹2,845 Cr, +34%; volume +11%, branded +10%.
• Organic Foods & Ingredients revenue ₹254 Cr, -13%; EBITDA margin 4% (from 10%).
• RTH & RTC revenue ₹53 Cr, +13%; Biryani Kits +42% YoY; portfolio ~2.5x FY21–FY26.
• CVD: Ecopure organic soyabean meal exports duty revised 340% to 75%; appeal filed.
• UK revenue target for Daawat set at £100m in four years.
• Daawat World Biryani Day delivered 10 Cr+ impressions; SRK-led campaigns across US/ME/Far East.
• North America Royal commands >60% Basmati import share; Golden Star is #1 Jasmine in US.

Operational Highlights

• Europe launches 10 kg packs of Idli Rice, Ponni Rice, Matta Rice.
• UK Midlands Street Takeover campaign strengthened regional presence in Europe.
• Daawat and Royal brands leveraged across new retail partners; 300+ India sites highlighted.
• Middle East Eid campaigns; influencer-led festive campaigns to drive engagement.
• Digital transformation initiatives: War Room, Plan Central Enable Local, auto-replenishment.
• In-store activations and major trade shows to boost trials and visibility.

Financial Performance

• Consolidated revenue ₹3,161 Cr, +26% YoY; PAT ₹183 Cr, +9%.
• Gross margin 32.6%; EBITDA margin 11.5% (vs 12.1%).
• Net Debt/EBITDA 0.48x; ROCE 21.1%.
• Geographic mix: NA 50%, India 29%, Europe 12%, ME&ROW 9%.
• Basmati & Other Specialty Rice revenue ₹2,845 Cr, +34%; EBITDA 13%.
• Organic Foods & Ingredients ₹254 Cr, -13%; EBITDA 4%.

Capital Structure & Liquidity

• Promoter shares are unencumbered.
• Free float 40%; Market cap ~₹12,762 Cr as of 30 Jun 2026.
• Net Debt/EBITDA improved to 0.48x.

Strategic Priorities & Outlook

• Growth drivers: premiumisation, expansion into newer geographies, digital distribution, and inorganic opportunities.
• UK revenue target of £100m in four years signals regional expansion.
• Digital transformation to enable scalable growth and cost efficiencies.
• ESG integration and traceable value chain as a growth enabler.

Risks & Governance

• CVD risk: Ecopure soyabean meal export duty revised to 75%; appeal filed.

Governance Highlights

• Promoter shares unencumbered; governance posture indicated by disclosure.
• ESG rating: 72/100 (Aspiring) by NSE Sustainability Ratings.

Financial highlights

• Unaudited revenue for Q1 FY27 at Rs 3,161 crore, up 26% YoY.
• EBITDA rose 20% YoY to Rs 363 crore.
• PAT rose 9% YoY to Rs 183 crore.
• Gross margin 32.6%, down 210 bps YoY.
• RTE/RTC revenue Rs 53 crore, up 13% YoY.
• Net debt-to-equity 0.15; net debt-to-EBITDA 0.48.
• EPS ₹5.28; QoQ growth 35%.
• ROCE 21.1%; ROE 15.9% (vs 17.1% prior year).
• Organic Foods & Ingredients segment degrew 13%.

Geographic & product development

• India market share 23.1% (MAT Jun 2026), up from 22.4%.
• Kari Kari onboarded on IndiGo Airlines.
• North America growth 49% YoY; Royal brand >60% market share.
• 156,000 sq ft distribution warehouse in Missouri City, TX, completing Jan 2027.
• Europe/UK investment phase; three new South Indian rice varieties launched.
• Oman: Extra Long Grain Basmati and Rozana launched June 2026.
• Rest of World grew 50% YoY; Pacific, Indonesia, Mainland Asia key engines.
• Limited impact from Iran tensions; diversified sourcing maintained continuity.

Outlook & strategy

• Focus on core Basmati & Specialty Rice in India; expansion to other geographies.
• Scale Organic Foods & Ingredients; expand RTE & RTC portfolio.
• Sustainability and ESG practices central; ongoing digital transformation investments.

Record date and dividend entitlement

• Record Date: September 18, 2026 to determine entitlement to final dividend for FY 2025-26.
• Final dividend: Rs 1 per equity share (face value Rs 1).
• Subject to approval at the AGM scheduled Sep 29, 2026.
• Payment to entitled shareholders within 30 days from declaration, subject to TDS.

Dividend record date and payout

• Final dividend of Rs 1 per equity share, subject to AGM approval.
• Record Date: Friday, 18 September 2025.
• Payment within 30 days from declaration, after tax deduction at source.
• Dividend subject to shareholder approval at AGM on 29 September 2026.

Financial results approved

• Unaudited standalone and Consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports by statutory auditors enclosed.
• Results prepared under Ind AS 34; both standalone and consolidated figures covered.

AGM date announced

• 36th AGM to be held via Video Conferencing on 29 September 2026 at 11:30 IST.

Regulatory and litigation matters

• Insurance claim recoverable of ₹13,410.53 lakhs; Daawat Foods fire; recoverable and sub-judice.
• Supreme Court order deposits; bank guarantee renewed at ₹26,503.50 lakhs.
• US CVD: Ecopure final rate 75.48%; injunction; management expects no material impact.

New subsidiary and group structure

• New subsidiary LT Foods Australia Pty Limited incorporated on 23 June 2026.
• Consolidated results include 22 subsidiaries, 2 JVs, 5 associates; 11 subsidiaries not reviewed.