LT Foods has launched a Non-Genetically Modified Organism (Non-GMO) Certified global gourmet food - DAAWAT' Jasmine Thai Rice for Indian consumers. Known for its naturally fragrant aroma and soft texture, DAAWAT' Jasmine Thai Rice is the authentic Thai Hom Mali, sourced from Thailand. This latest addition to the DAAWAT' portfolio underlines the company's commitment to introducing global gourmet food to Indian consumers, catering to the aspirations of those seeking diverse global culinary experiences at home. It also marks another milestone in the company's journey to diversify its product range and align with the evolving food preferences of consumers.Powered by Capital Market - Live

The company plans to invest SAR 185 million in warehousing, stocks, and people over the next five years in the Kingdom. It is eyeing revenue of SAR 435 million over the next five years. With Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, the company will also set up local manufacturing facilities in the Kingdom. Vijay Arora, chairman & managing director, LT Foods said, 'We have built successful businesses in every market where we have set up our operations. We have provided quality products and premium food offerings to consumers. LT Foods has also added significant value to the economy and to its operations. We are now very excited to expand our footprint in Saudi Arabia. Our trusted brands, DAAWAT' , Hadeel and Mufaddal, have long been a part of the Kingdom of Saudi Arabia (KSA). With SALIC being a stragetgic shareholder in LT Foods, we are now expanding our footprint in the KSA with warehouses and are prepared to establish local manufacturing.' Gursajan Arora, CEO - Middle East Business, LT Foods, said, 'Saudi Arabia is one of the largest importers of rice and a key market for us. We see tremendous potential for growth in the market and are excited to bring our legacy of quality, innovation, and trust to the region. With our Riyadh office, we aim to deepen our connections with local consumers and partners, tailoring our offerings to meet their specific preferences.' LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world. The company's consolidated net profit declined 4.23% to Rs 150.61 crore on 6.57% increase in revenue from operations to Rs 2107.78 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

L T Foods announced its official entry into Saudi Arabia with the inauguration of a new office in Riyadh, to tap the U.S. $ 2 billion rice and rice based food market in Kingdom of Saudi Arabia (KSA). The move is part of the company's strategic vision of expanding its global footprint to newer geographies. Today, LT Foods generates U.S. $ 1 billion in global revenue, demonstrating an established track record of sustained Year-on-Year (YoY) profit growth. It has delivered 18 years of Revenue CAGR of 18% and a Profit CAGR of 21%. With its new office in Riyadh, the company is set to revolutionize the rice market in Saudi Arabia and meet consumers' growing demand for authentic and premium rice and rice-based food products. The new office will act as a hub for LT Foods' regional operations, enabling the company to leverage its deep expertise in rice and rice-based food products that align with Saudi Arabian consumers' tastes and culinary traditions. LT Foods plans to invest SAR 185 million in warehousing, stocks, and people over the next five years in the Kingdom. It is eyeing a revenue of SAR 435 million over the next five years. With Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, LT Foods is also gearing up to set up local manufacturing facilities in the Kingdom.Powered by Capital Market - Live

LT Foods announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the 3rd interim dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of L T Foods declined 4.86% to Rs 148.39 crore in the quarter ended September 2024 as against Rs 155.97 crore during the previous quarter ended September 2023. Sales rose 6.57% to Rs 2107.79 crore in the quarter ended September 2024 as against Rs 1977.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2107.791977.79 7 OPM %10.8812.16 - PBDT244.80247.13 -1 PBT199.97211.13 -5 NP148.39155.97 -5 Powered by Capital Market - Live

L T Foods has fixed 04 November 2024 as record date for payment of interim dividend for FY 2024-25. Powered by Capital Market - Live

Profit before tax (PBT) fell 5.29% YoY to Rs 199.96 crore in Q2 FY25. Total expenses rose 8.4% to Rs 1,942.91 crore during the quarter. Cost of material consumed stood at Rs 1,342.79 crore (up 32.24% YoY), employee benefit expense stood at Rs 122.97 crore (up 14.44% YoY), finance cost was at Rs 19.58 crore (up 2.78% YoY) during the period under review. Meanwhile, the company's board declared 3rd interim dividend of Rs 0.50 per share for FY25. The record date for the dividend is fixed as on Monday, November 04, 2024. The said interim dividend within a period of 30 days from the date of declaration. LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world.Powered by Capital Market - Live

LT Foods will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live