LT Foods (LTFOODS) Q1 26/27 earnings summary

Executive summary

• Achieved 26.4% year-on-year revenue growth in Q1 FY27, with consolidated revenue reaching ₹3,161 crore, despite geopolitical and supply chain challenges.

• Strong performance driven by branded portfolio, resilient business model, and disciplined execution, with India and U.S. as key growth engines.

• Basmati & Other Specialty Rice revenue increased 34% year-on-year to ₹2,845 crore, with 11% volume growth and steady 13% EBITDA margin.

• PAT grew 9% year-on-year to ₹183 crore; ROCE at 21.1%, and Net Debt/EBITDA improved to 0.48x.

• International markets contributed 71% of revenue, led by North America (+49%) and Middle East/rest of world (+44%).

Financial highlights

• Consolidated revenue grew 26% year-on-year to ₹3,161 crore; normalized growth was 19%.

• Gross profit increased 19% to ₹1,029 crore; EBITDA up 20% to ₹363 crore.

• Profit after tax rose 9% to ₹183 crore; EPS at ₹5.28, up from ₹4.85 in Q1 FY26.

• EBITDA margin moderated to 11%-11.5% from 12.1% due to organic segment restructuring.

• Quarter-on-quarter, revenue grew 8%, gross profit 13%, EBITDA 21%, and PAT 35%.

Outlook and guidance

• FY30 ambition to more than double revenue with expanding margins, leveraging digital and brand expansion.

• Organic business expected to return to double-digit growth and margins within 1.5 years; normalization in Organic Foods & Ingredients expected over coming quarters.

• Ready-to-heat (RTH) segment targeted to double revenue in three years; break-even expected at ₹400 crore revenue.

• Basmati and organic segments guided for 10%-12% growth; RTH expected to grow 15%-20%.

• Daawat targets £100 million revenue in the UK over four years.