LT Foods Limited announced a 26 percent increase in consolidated revenue, reaching ₹11,023 crore for the financial year ending March 31, 2026, attributed to widespread growth across various markets. The company reported a 16 percent rise in EBITDA to ₹1,236 crore. However, profit after tax saw only a modest increase, climbing to ₹625 crore from ₹612 crore in the previous year.
On May 15, the company’s shares closed at ₹409.35 on the NSE, reflecting a decrease of 0.40 percent for the day and resulting in a market capitalization of approximately ₹14,199 crore.
The reported revenue growth was partially bolstered by a US tariff pass-through of ₹561 crore, which was incorporated into both revenue and cost of goods sold without contributing to overall margin. When adjusted for this factor, normalized revenue growth is reported at 19 percent, with a normalized EBITDA margin of 11.8 percent compared to the reported 11.2 percent; however, absolute EBITDA figures in rupees remained stable.
North America was highlighted as the largest market, generating 48 percent of revenue and achieving a 53 percent growth rate—9 percent when normalized. The company’s Royal brand holds over 60 percent of the Basmati rice import market in the United States. In Europe, revenues grew by 34 percent, with LT Foods aiming for £100 million in revenues from the UK over the next five years. The Indian segment experienced a growth of 10 percent in value and 12 percent in volume, largely driven by a 45 percent expansion in quick commerce and e-commerce channels.
The Basmati and Specialty Rice division, responsible for 88 percent of total revenue, recorded a 29 percent increase to ₹9,742 crore. In contrast, the Organic Foods and Ingredients segment grew by only 9 percent to ₹1,016 crore, suffering an EBITDA margin of 5.8 percent due to ongoing issues related to the Countervailing Duty case involving its subsidiary, Ecopure Specialities. Capacity investments in Europe and transitioning costs for consumer packaged goods also contributed to this margin pressure. In February 2026, the US Department of Commerce revised Ecopure’s CVD rate from 340.27 percent to 75.48 percent, prompting the company to file an appeal.
For the fourth quarter of FY26, profit after tax fell by 15 percent, declining to ₹136 crore from ₹161 crore the previous year. This decline was attributed to increased brand spending, scaling up operations in the UK, and one-time costs related to inventory and tariffs in the US.
Published on May 15, 2026.
