LT Foods

June 15 (Reuters) - LT Foods Ltd LTOL.NS:

• LT FOODS- IN PROCESS OF INCORPORATING WHOLLY OWNED SUBSIDIARY NAMED LT FOODS AUSTRALIA PTY LIMITED

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May 14 (Reuters) - LT Foods Ltd LTOL.NS:

• LT FOODS MARCH-QUARTER CONSOL NET PROFIT 1.36 BILLION RUPEES

• LT FOODS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 29.07 BILLION RUPEES

• LT FOODS DECLARES DIVIDEND OF 1 RUPEESPER SHARE

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Further company coverage: LTOL.NS

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Feb 25 (Reuters) - LT Foods Ltd LTOL.NS:

• US DOC REVISES CVD RATE FOR ECOPURE'S EXPORTS

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Feb 24 (Reuters) - LT Foods Ltd LTOL.NS:

• TAX DEMAND OF 324.1 MILLION RUPEES HAS BEEN CONFIRMED

Source text: ID:nBSE4j3LCD

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Jan 30 (Reuters) - LT Foods Ltd LTOL.NS:

• LT FOODS - HUNGARY REJECTS PROPOSED GLOBAL GREEN GROUP ACQUISITION

• LT FOODS - REJECTION ON GROUNDS OF IDENTIFIED NATIONAL ECONOMIC, SECTORAL RISKS

Source text: ID:nNSE2KYQQD

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Jan 29 (Reuters) - LT Foods Ltd LTOL.NS:

• HUNGARY REJECTS LT FOODS ACQUISITION OF GLOBAL GREEN GROUP

Source text: ID:nBSE6TSc6z

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** Shares of LT Foods LTOL.NS rise as much as 3% to 428 rupees

** 'Daawat' brand rice seller's Q2 consol profit rises 10% y/y, rev rises 31%

** YTD, LTOL up 2%

(Reporting by Komal Salecha)

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July 24 (Reuters) - LT Foods Ltd LTOL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.69 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 24.64 BILLION RUPEES

• DIVIDEND OF 1 RUPEES PER SHR

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Further company coverage: LTOL.NS

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July 16 (Reuters) - LT Foods Ltd LTOL.NS:

• LT FOODS LTD - NATURE BIO FOODS ENTERS B2C SEGMENT

• LT FOODS LTD - TARGETS 4 BILLION RUPEES REVENUE FROM EUROPE

Source text: ID:nBSE5B7VqS

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June 23 (Reuters) - LT Foods Ltd LTOL.NS:

• US DEPARTMENT OF COMMERCE LEVIES 340% CVD ON ECOPURE SPECIALITIES

• CVD ON SALES PERTAINING TO PERIOD JANUARY-DECEMBER 23 AMOUNTING TO 500 MILLION RUPEES

• COMPANY DOES NOT EXPECT MATERIAL IMPACT ON FUTURE EARNINGS

Source text: ID:nBSE52xkww

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June 20 (Reuters) - LT Foods Ltd LTOL.NS:

• US DOC HAS APPLIED 'ADVERSE FACTS AVAILABLE' METHODOLOGY TO ECOPURE SPECIALITIES

• US IMPOSES 340.27% DUTY ON INDIAN SOYBEAN MEAL

Source text: ID:nNSE2HW8hY

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** Motilal Oswal sees selective opportunities emerging in equities linked to consumption due to cheaper valuations following the recent drop

** FMCG index .NIFTYFMCG is down 6.4% in 2025 so far compared; Nifty 50 up 0.3%

** In the last two decades, consumer stocks have risen in all 11 phases of corrections in the benchmark Nifty 50 index .NSEI

** However, NIFTYFMCG has fallen 22.65% between the end of September 2024 and February 2025 vs 14.3% drop in Nifty 50

** Recent market drop has offered entry points in several key consumer and retail stocks, says brokerage

** Expects consumer indexes to recover in FY2026 as valuations ease

** Motilal's key small-cap, mid-cap picks include Page Industries PAGE.NS, Devyani International DEVY.NS, Metro Brands METB.NS, V-Mart VMAR.NS, Lemon Tree Hotels LEMO.NS, LT Foods LTOL.NS and Cello World CELO.NS

** Tax cuts and RBI rate cut in February will boost aggregate demand, investor sentiment, according to Motilal

(Reporting by Bharath Rajeswaran in Bengaluru)

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Jan 27 (Reuters) - India's Daawat' and 'Royal' basmati rice maker LT Foods LTOL.NS posted a 5.2% fall in third-quarter profit on Monday, as a surge in rice prices after the government eased export rules spiked costs, sending its shares down as much as 9.3%.

The company said consolidated net profit fell to 1.43 billion rupees ($16.56 million) from 1.53 billion rupees in the October-December quarter.

While revenue from operations rose 17.2% year on year to 22.75 billion rupees, total expenses jumped 19.2% to 20.94 billion rupees. Cost of its raw materials, which constitutes around 77% of total expenses, rose nearly 11%.

LT Foods does not segregate its revenue by segments or geography.

The profit drop comes despite the country seeing basmati rice exports in 2024 surging 16.3% to a record 5.7 million metric tons, as Saudi Arabia, Iraq and the United Arab Emirates increased buying, Reuters reported last week.

India removed a floor price for basmati rice exports in September last year to help farmers struggling with debt. Higher costs boost overseas sales while also helping the country retain its market share. India accounts for around 75% of global basmati production.

As the El Nino weather pattern raised the spectre of poor monsoon rains, India imposed various curbs on rice exports in 2023 and extended them into 2024 to keep local prices in check ahead of the April-June national election.

In November, LT Foods said it planned to invest 185 million riyals ($49.32 million) over the next 5 years in Saudi Arabia while eying revenue to the tune of 435 million riyals in the same period.

This comes as around 70% of India's basmati rice exports in FY24 went to the Middle East, with Saudi Arabia now the top destination at 21.4% share, according to Motilal Oswal.

($1 = 86.3670 Indian rupees)

($1 = 3.7510 riyals)

(Reporting by Ashish Chandra in Bengaluru; Editing by Rashmi Aich)

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Jan 8 (Reuters) - LT Foods Ltd LTOL.NS:

• INCORPORATES STEP-DOWN SUBSIDIARY LT FOODS ARABIA

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** LT Foods LTOL.NS rises as much as 5.7% to 375 rupees

** FMCG co will invest 185 mln riyals ($49.2 mln) in warehouses, stocks and people over the next five years in Saudi Arabia

** Co will also set up local manufacturing facilities in the country

** Eyes revenue of 435 mln riyals in the same period

** LTOL last up 1.2%, taking YTD gains to ~77%

($1 = 3.7548 riyals)

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of basmati rice producer LT Foods LTOL.NS rise 3.9% to 396.20 rupees, eyes best day in two months

** Motilal Oswal initiates coverage of stock with "buy" rating, PT of 520 rupees - a 36% premium on last close

** Brokerage says LTOL's strong global presence augurs well for it to gain from rise in domestic and global consumption of basmati rice

** Adds LTOL's Daawat brand has 30% market share in India, while Royal brand has over 50% market share in U.S.

** Estimates a 14% annual growth rate for LTOL during FY24-27

** Sees climate risk for rice production, rising competition, currency volatility as key downside risks

** LTOL up ~95% YTD, on track to log biggest annual gain since 2020

** Peers KRBL KRBL.NS and Kohinoor Foods KOFO.NS down 24% and ~10% YTD, respectively

(Reporting by Manvi Pant in Bengaluru)

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Oct 24 (Reuters) - India's LT Foods LTOL.NS posted its first profit decline in 13 quarters on Thursday, dragged down by higher input costs despite a healthy demand for its basmati rice, sending shares down 12%.

The company, which makes 'Daawat' and 'Royal' basmati rice, said consolidated net profit dropped 4.9% to 1.48 billion rupees ($17.6 million) in the July-September quarter from a year earlier.

The company reported a 8.4% rise in its overall expenses, propelled by a 32.2% rise in cost of its raw materials.

India's agricultural exports are facing challenges due to rising shipping costs stemming from the Red Sea crisis, analysts said.

This has increased transportation expenses for exporters, making it harder to stay competitive in the global market, they added.

LT Foods, whose biggest export market is the United States, said revenue from operations rose 6.6% to 21.08 billion rupees. The company does not segregate its revenue by segments or geography.

($1 = 84.0460 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Sumana Nandy)

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** Indian rice exporters gain between 1.4% and 4% after govt. lifts most curbs on exports of non-basmati white rice

** Kohinoor Foods KOFO.NS and Chaman Lal Setia Exports CLSE.NS, up 4% each, lead gains

** KRBL KRBL.NS and LT Foods LTOL.NS rise 1.5% and 1.9%, respectively, while GRM Overseas GRMO.NS adds 3%

** Export curbs lifted due to above-average monsoon rains seen boosting crop yields and overflowing stocks in state granaries

** YTD, LTOL top gainer among pack with ~99% rise, while KRBL, weakest stock, is down ~19%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian rice companies surge on report of government removing floor price for basmati rice exports

** This will help boost overseas sales of the premium grade and aid farmers struggling with debt and higher costs

** India is the world's largest rice exporter

** 'India Gate' basmati rice brand owner KRBL KRBL.NS gains 4.7%, 'Daawat' brand owner LT Foods LTOL.NS jumps 5.7%

** GRM Overseas GRMO.NS and Kohinoor Foods KOFO.NS up 2.7% and 9.8%, respectively

** KOFO set to snap three straight sessions of losses, down ~8% YTD, while KRBL down ~15%

** YTD GRMO, LTOL up 39% and ~112%, respectively

(Reporting by Manvi Pant in Bengaluru)

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Aug 30 (Reuters) - LT Foods Ltd LTOL.NS:

• LT FOODS - GOT SHOW CAUSE NOTICE IN RELATION TO VIOLATION OF LEGAL METROLOGY ACT

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Aug 29 (Reuters) - LT Foods Ltd LTOL.NS:

• APPROVED ACQUISITION OF 17.5% STAKE IN NATURE BIO-FOODS

• DEAL FOR 1.10 BILLION RUPEES

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July 30 (Reuters) - LT Foods Ltd LTOL.NS:

• GOT SUPREME COURT DECISION IN FAVOUR OF DAAWAT FOODS

• SUPREME COURT UPHELDS RULING IN FAVOUR OF UNIT WHICH AWARDED CLAIM OF 1.61 BLN RUPEES

Source text for Eikon: ID:nNSE9nXxRC

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July 25 (Reuters) - LT Foods Ltd LTOL.NS:

• Q1 CONSOL TOTAL NET PROFIT 1.53 BILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 20.71 BILLION RUPEES

• APPROVED SALE OF LT FOODS'S STAKE IN LT FOUNDATION

• RE-APPOINTS VIJAY KUMAR ARORA AS MD

Source text for Eikon: ID:nBSE3qqLMx

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** Shares of LT Foods LTOL.NS rise as much as 6% to hit a record high of 297.50 rupees

** Rice exporter inaugurates new facility in UK with investment of 7 mln pounds ($9 mln) and said it would invest another 50 mln pounds in coming years

** LTOL expects annual revenue of 100 mln pounds in next 5 years from UK

** Stock set to rise for fourth straight session; it gained 8.5% in the last three sessions and hit record high on Tuesday

** Stock up nearly 44% so far in 2024, on track to post fifth straight year of gains

($1 = 0.7748 pounds)

(Reporting by Nishit Navin)

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July 11 (Reuters) - LT Foods Ltd LTOL.NS:

• MADE INITIAL INVESTMENT OF £7 MILLION IN NEW FACILITY IN UK

• EXPECTING ANNUAL REVENUE OF £50 MILLION OVER NEXT 2 YEARS

Source text for Eikon: ID:nNSEhPGW4

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** Shares of Indian rice companies rise on report government considering relaxing restrictions

** Indian government might relax restrictions on exports of some rice varieties, local media reported citing sources

** Govt may cut export duty on parboiled rice, mulls minimum export price for basmati shipments, report adds

** 'Daawat' basmati rice brand owner LT Foods LTOL.NS jumps 13%; 'India Gate' brand owner KRBL KRBL.NS rises 8.8%

** GRM Overseas GRMO.NS and Kohinoor Foods KOFO.NS up 6.4% and 7.3%

** YTD GRMO and LTOL climbed 17% and 43%, KRBL and KOFO shed 11.2% and 2% respectively

(Reporting by Hritam Mukherjee in Bengaluru)

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BENGALURU, May 20 (Reuters) - Indian exporter of branded basmati rice KRBL KRBL.NS said on Monday its fourth-quarter profit fell 3.3%, as higher expenses outpaced a steady demand for its flagship product.

KRBL's consolidated net profit fell to 1.14 billion rupees ($13.7 million) for the quarter from 1.18 billion rupees a year earlier, marking its third consecutive quarterly profit decline following five quarters of growth, according to LSEG data.

The rice processing company known for its flagship brand 'India Gate' said its total expenses inched up to 11.74 billion rupees from 11.64 billion rupees a year earlier, due to a rise in cost of materials.

The basmati rice producer's agricultural segment, which includes India Gate basmati rice brand, non-basmati rice, seed and bran, saw a 2.2% in revenue. The segment accounted for about 96% of the company's total revenue.

KRBL's results come amid concerns due to prevailing geopolitical tensions in the Middle East, which is the company's key market, accounting for over 67% of basmati exports.

It said total revenue from operations rose nearly 3% to 13.18 billion rupees.

Peer LT Foods LTOL.NS reported a rise in quarterly profit last week, boosted by strong demand for its basmati rice.

KRBL recommended a final dividend of 4 rupees per share for the financial year ended March 31, 2024.

The company's shares fell 24% so far this year.

($1 = 83.2800 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Krishna Chandra Eluri)

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BENGALURU, May 17 (Reuters) - LT Foods LTOL.NS, an Indian fast-moving consumer goods company, reported its eleventh straight quarterly profit rise on Friday, boosted by strong demand in its mainstay business, basmati rice.

The rice exporter's consolidated profit rose 16% year-on-year to 1.49 billion rupees ($17.9 million) in the quarter ended March 31.

Consolidated revenue from operations rose nearly 14% to 20.75 billion rupees.

Revenue from the company's core basmati and other specialty rice business, which alone form more than 85% of revenue, rose 15% during the quarter. Basmati is a premium long-grain variety famed for its aroma.

LT Foods, which is known for its basmati rice brands 'Daawat' and 'Royal', has the United States as its biggest market by revenue at 39%, followed by India at 31%, according to its latest annual report.

The company's results come at a time when Indian rice exporters are grappling with buyers delaying purchases due to increased freight costs caused by disruptions in the Red Sea. They also face competition from Pakistan, which is offering the grain at competitive prices amid ample supply.

India is expected to see a normal monsoon in 2024, benefitting nearly half of the country's farmland, which has no irrigation cover and depends on the annual June-September rains to grow crops such as rice.

LT Foods shares ended 0.7% lower at 226.90 rupees after the results.

($1 = 83.3663 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Eileen Soreng)

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** Shares of rice and tea exporters fall amid escalations in Middle East tensions after Iran's retaliatory attack on Israel over the weekend

** India is one of the top exporters of basmati rice and tea, and Iran is a leading buyer of those commodities

** Shares of rice exporters Kohinoor Foods KOFO.NS, Adani Wilmar ADAW.NS, LT Foods LTOL.NS, GRM overseas GRMO.NS, Mishtann Foods MIST.BO down between 2%-8%

** Tea exporters such as Tata Consumer Products TACN.NS, CCL Products CCLP.NS, Rossell India ROSS.NS decline between 1%-5%

** TACN is among top percentage losers on benchmark Nifty 50 index .NSEI, which is down 1%

(Reporting by Rama Venkat in Bengaluru)

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** Shares of LT Foods LTOL.NS up 7.4% at 174.8 rupees

** Stock on track for best day since Feb. 7, if trend holds

** Stock sees busiest session since Nov. 2

** Abakkus Asset Manager bought almost 3.4 mln LTOL shares at 162.04 rupees each on Tuesday, a nearly 5% discount to Monday's close, bulk deal exchange data showed

** Stock had closed 4.5% lower on Tuesday

(Reporting by Varun Vyas)

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