LT Foods (LTFOODS) Q1 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 2,501 crore in Q1 FY26, up 20% year-over-year, with EBITDA of INR 302 crore, driven by strong consumer demand, new country entries, and improved supply chain.

• Five-year revenue CAGR stands at 16% and PAT CAGR at 21%, reflecting sustained growth momentum.

• Expanded global footprint to 80+ countries and completed 100% acquisition of Golden Star, the top jasmine rice brand in the U.S.

• Un-audited standalone and consolidated financial results for the quarter ended June 30, 2025, were approved and released, with no material misstatements.

• The Board declared a first interim dividend of ₹1 per equity share for FY 2025-26.

Financial highlights

• Q1 FY26 revenue reached ₹2,501 crore, up 20% year-over-year; gross profit rose 24% to ₹867 crore; EBITDA increased 17% to ₹302 crore; PAT grew 9% to ₹169 crore.

• Gross margin improved from 33.5% to 34.7%; EBITDA margin at 12.1%, down 30 bps year-over-year due to higher brand investments.

• Basmati and specialty rice segments grew 18% year-over-year; snacking segment up 40%; organic business up 32%.

• Consolidated net profit for Q1 FY26 was ₹16,850.46 lakhs, with EPS at ₹4.85, up from ₹4.41 in Q1 FY25.

• Working capital days improved to 195 from 202 year-over-year.

Outlook and guidance

• EBITDA margin guidance of 12.5%-13% for the year, targeting over 14% in the next four years.

• ROCE expected to remain robust at 21%+, with a target to reach 23%+ in coming years.

• Strategic restructuring, digital transformation, and premiumization initiatives to drive sustainable growth.

• Management does not expect a material impact from the countervailing duty imposed on Ecopure Specialities Limited by the U.S. Department of Commerce.