Brands
LT Foods posts 9 per cent rise in Q1 profit on strong revenue growth
Revenue jumps 28 per cent to Rs 3,152 crore as margins stay resilient
MUMBAI: LT Foods has started FY27 with its rice bowl brimming over. The maker of DAAWAT basmati rice reported a strong first quarter, posting higher revenue and profit as steady demand and disciplined cost management helped offset rising operating expenses.
For the quarter ended 30 June 2026, revenue from operations rose 27.9 per cent year on year to Rs 3,151.83 crore, compared with Rs 2,463.92 crore in the corresponding quarter last year.
Total income climbed to Rs 3,161.29 crore, up from Rs 2,500.98 crore a year earlier.
The company reported profit before tax of Rs 249.90 crore, an increase of 9.5 per cent from Rs 228.30 crore in the year-ago period. After accounting for taxes, net profit rose 8.9 per cent to Rs 183.45 crore, compared with Rs 168.50 crore in the first quarter of FY26.
Operating costs increased alongside business growth, with total expenses rising to Rs 2,912.29 crore from Rs 2,278.84 crore a year earlier. Higher spending on raw materials, stock purchases, employee benefits and other operating expenses contributed to the increase.
Material costs stood at Rs 1,637.86 crore, while purchases of stock-in-trade rose sharply to Rs 397.40 crore from Rs 126.37 crore a year ago. Employee benefit expenses increased to Rs 179.97 crore, compared with Rs 145.61 crore in the corresponding quarter last year.
Despite higher costs, profitability remained resilient. Earnings per share (basic and diluted) improved to Rs 5.28, up from Rs 4.85 in the same quarter last year.
The company also reported total comprehensive income of Rs 194.65 crore, compared with Rs 192.27 crore in the year-ago quarter, supported by favourable movements in other comprehensive income.
The latest numbers suggest LT Foods has carried its growth momentum into FY27. With revenue expanding at a faster pace than profit, the company appears to be balancing higher input costs while continuing to benefit from strong demand for its branded food portfolio, positioning it well for the rest of the financial year.
