LT Foods (LTFOODS) Q1 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue of INR 2,501 crore in Q1 FY26, up 20% year-over-year, with EBITDA of INR 302 crore and PAT of INR 169 crore, driven by strong growth across basmati, specialty rice, and organic segments.

• Five-year revenue CAGR at 16% and PAT CAGR at 21%, reflecting sustained growth momentum.

• Expanded global footprint to 80+ countries and completed 100% acquisition of Golden Star, the leading jasmine rice brand in the U.S.

• Un-audited standalone and consolidated financial results for Q1 FY26 were approved, with no material misstatements found by auditors.

• The Board declared a first interim dividend of ₹1 per equity share for FY 2025-26, with a record date of August 1, 2025.

Financial highlights

• Q1 FY26 revenue reached ₹2,501 crore, up 20% year-over-year; gross profit rose 24% to ₹867 crore; EBITDA increased 17% to ₹302 crore; PAT grew 9% to ₹169 crore.

• Gross margin improved from 33.5% to 34.7%; EBITDA margin at 12.1% due to higher brand spends.

• Consolidated net profit for Q1 FY26 was ₹16,850.46 lakhs, with basic and diluted EPS at ₹4.85.

• India revenue up 10% year-over-year with 13% volume growth and 2% decline in realization.

• North America revenue up 32% (normalized 18% excluding Golden Star acquisition); Europe up 57% (normalized 24% excluding UK facility ramp-up).

Outlook and guidance

• EBITDA margin guidance maintained at 12.5%-13%, targeting over 14% in the next four years.

• ROCE expected to remain robust at 21%+, targeting 23%+ in coming years.

• Double-digit revenue growth expected in North America, driven by immigration and Indian cuisine popularity.

• Ready-to-eat/cook segment to break even at INR 350 crore annual sales, expected in 2-3 years.

• Strategic restructuring and digital transformation initiatives to drive sustainable growth and margin expansion.