LT Foods Ltd. reported on Thursday a 6.83% rise in consolidated net profit in the March quarter of fiscal 2025, reaching Rs 160.5 crore, driven by improved margins and expanded distribution.
A year ago, the company had posted a net profit of Rs 150.24 crore for the same period, as per its regulatory filing. LT Foods, which owns basmati rice brands Daawat and Royal, also recorded revenue from operations at Rs 2,228.36 crore in the March quarter, up from Rs 2,074.81 crore the previous year.
Total expenses increased by 7.9% year-on-year, reaching Rs 2,048.91 crore. Meanwhile, total income, including other revenue, rose by 8.02% to Rs 2,259.63 crore compared to the previous period.
For fiscal 2025, LT Foods' net profit grew by 2.37% to Rs 611.80 crore from Rs 597.59 crore a year earlier. Total income surpassed the billion-dollar mark, standing at Rs 8,769.93 crore.
The company's basmati and specialty rice segment saw 10% year-on-year growth, attributed to increased investment in branding and marketing, according to its earnings statement.
The organic food and ingredients business recorded a 29% growth, and its international business delivered a strong performance, with all key markets contributing to growth.
Commenting on results, Managing Director and Chief Executive Officer Ashwani Arora said, "fiscal 2025 has been a landmark year for LT Foods, as we crossed the $1 billion revenue milestone—a strong reflection of our resilient business model, portfolio of food brands and deep consumer commitment."
"Our resilient business model, focus on quality, and understanding of evolving consumer needs have helped us deliver a strong 12% year-on-year revenue growth," he said.
The board of LT Foods, in a meeting held on Thursday, recommended a final dividend of Re 1 per equity share of face value of Re 1 each for financial year 2024-25.
(With PTI Inputs)
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