LT Foods (LTFOODS) Q4 25/26 earnings summary

Executive summary

• Achieved 26% year-over-year revenue growth to ₹11,023 crore in FY26, with normalized growth of 19% excluding US tariff impacts.

• PAT increased 2% to ₹625 crore, with growth across all business segments and geographies.

• Five-year revenue CAGR stands at 18%, and PAT CAGR at 17%, reflecting sustained expansion.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved with an unmodified audit opinion from statutory auditors.

• A final equity dividend of ₹1 per share (total ₹3 per share for FY26) was recommended, subject to shareholder approval.

Financial highlights

• FY26 revenue including other income grew 26% YoY to INR 11,023 crore; normalized revenue growth was 19%.

• Gross profit reached INR 3,692 crore; normalized gross margin at 35.3% excluding U.S. tariff and shipment term changes.

• EBITDA rose to INR 1,236 crore; PAT stood at INR 625 crore; normalized EBITDA margin at 11.8%.

• Q4 FY26 revenue was INR 2,938 crore, EBITDA INR 300 crore, and PAT INR 136 crore.

• Working capital days improved to 176 from 196; net debt/EBITDA at 0.60, net debt/equity at 0.16.

• Consolidated net profit for FY26 was ₹62,538.43 lakhs, compared to ₹61,180.13 lakhs in FY25.

• Total comprehensive income for FY26 was ₹77,096.07 lakhs, up from ₹64,115.10 lakhs in FY25.

Outlook and guidance

• Expect continued double-digit growth, supported by global demand, new product launches, and distribution expansion.

• Margins anticipated to gradually improve as brand investments normalize and scale benefits accrue.

• Gross margins for FY27 expected to remain in the 33%-33.5% range; EBITDA margin guidance at 12%.

• Long-term organic growth guidance maintained at 10%-12%.

• Enhanced capacities in Ready-to-Heat platform expected to be operational from Q2 FY27, supporting further growth.

• Management does not expect material impact from new Indian Labour Codes or the US countervailing duty case on organic soybean meal exports.