Company Update : LT Foods by Motilal Oswal Financial Services Ltd
Operating performance in line
* LT Foods reported revenue of INR24.6b (est. INR23.5b) in 1QFY26, up ~19% YoY and 11% QoQ.
* Consolidated EBITDA stood at INR2.7b (+17% YoY, +8% QoQ) (est. INR2.8b). EBITDA margin contracted 90bp YoY/80bp QoQ to 10.8% (est 11.3%).
* Adj. PAT grew 10%/5% YoY/QoQ to INR1.6b vs. the estimate of INR1.7b.
Segmental performance in 1QFY26
* The Basmati & Other Specialty Rice segment’s revenue grew 22% YoY to INR21.2b, and EBITDA stood at INR2.7b (up 22%). Gross/EBITDA margin stood at 34%/10%, up 160/10bp YoY, while volumes grew 20% YoY.
* The Organic Foods segment’s revenue grew 32% YoY to INR2.9b, and EBITDA stood at INR293m. Gross/EBITDA margins contracted 680/170bp YoY to 35%/10%.
* The Convenience & Health segment’s revenue declined 16% YoY to INR470m. Gross margin expanded 10bp to 37% and operating loss stood at INR24m.
* In terms of geography, India/North America/EU grew 10%/32%/57%, while the Middle East declined 33%.
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