LT Foods (LTFOODS) Q2 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue of INR 2,772 crore in Q2 FY26, up 30% year-over-year, and H1 FY26 revenue of ₹5,273 crore, up 25% year-over-year, driven by brand investments and geographic expansion.

• Gross profit for H1 FY26 rose 27% year-over-year, with PAT up 9% and EBITDA for Q2 FY26 at INR 316 crore, up 24% year-over-year.

• Expanded global presence with the Global Green acquisition, adding €40 million in revenue and a new manufacturing hub in Hungary.

• Maintained leadership in Basmati rice with strong market shares in India, North America, and Europe, and continued innovation in organic and ready-to-eat/cook segments.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.

Financial highlights

• Q2 FY26 EBITDA margin at 11.4%, down 60 bps year-over-year due to higher brand and digital investments; gross margin improved to 34.4%.

• PAT margin for H1 FY26 at 6.2%, down from 7.2% in H1 FY25, impacted by increased investments and organic segment performance.

• Consolidated revenue from operations for Q2 FY26 was ₹2,76,573.53 lakhs, up from ₹2,10,778.54 lakhs in Q2 FY25.

• Consolidated net profit for Q2 FY26 was ₹16,385.37 lakhs, compared to ₹15,061.01 lakhs in Q2 FY25.

• Total comprehensive income for H1 FY26 was ₹40,301.23 lakhs, up from ₹31,694.65 lakhs in H1 FY25.

Outlook and guidance

• Optimistic outlook for H2 FY26 in India and Europe; U.S. market outlook to be reassessed due to tariff negotiations.

• Targeting EBITDA margin above 14% in the next four years, with a focus on premiumization, product portfolio expansion, and digital transformation.

• Organic segment expected to rebound in Q4 FY26 as margin pressures ease; ready-to-eat and ready-to-cook segment growth expected to accelerate from Q4 FY26 with new capacity.

• Management does not expect a material impact from the US countervailing duty on Ecopure Specialities Limited's exports.