LT Foods, the manufacturer of Daawat basmati rice, announced on Tuesday a 10% year-on-year increase in consolidated net profit, reaching 180 crore rupees for the September quarter. Meanwhile, the company's revenue grew by 17%, amounting to 3,253 crore rupees.
The company's operating revenue in the same period last year was 2,772 crore rupees, and the net profit in July-September of the previous fiscal year was 164 crore rupees.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 13% to 358 crore rupees in the second quarter of fiscal year 27, compared to 316 crore rupees the previous year. However, profitability metrics declined during the quarter: the EBITDA margin decreased from 11.4% to 11%, and the net profit margin fell from 5.9% to 5.5%.
Gross profit increased by 12% to 1,058 crore rupees in the reporting quarter, compared to 948 crore rupees in the corresponding period last fiscal year. The gross profit margin decreased from 34.2% to 32.5%.
Furthermore, the company's earnings per share rose to 5.28 rupees in the September quarter compared to 4.72 rupees the previous year.
LT Foods noted that its segments related to basmati rice and other specialty rice varieties continue to grow, demonstrating a 27% year-on-year increase in revenue in the first half of fiscal year 27. The ready-to-eat, ready-to-cook, and ready-to-heat food business showed an 8% growth over the same period.
The company also reported that its consolidated revenue for the first half of fiscal year 27 grew by 22% to 6,414 crore rupees, and EBITDA increased by 17% to 721 crore rupees, while net profit grew by 9% to 364 crore rupees.
Managing Director and CEO Ashwani Arora stated that these results reflect the strength of the company's brands, its diversified global business, and disciplined execution across various markets. LT Foods is present in over 85 countries, including brands such as Daawat and Royal.