LT Foods
LT Foods
FMCGKey Fundamentals
SmallcapAgricultural ProductsFMCGTapetide Score
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Growth Rate
AI Analysis — Bull vs Bear
L T Foods Ltd, the company behind the Daawat basmati rice brand, trades at a market cap of ₹15,033 Cr with a P/E of 24x and P/B of 3.4x. TTM sales growth is strong at 28%, though TTM profit growth has slowed to 3%. The stock has delivered a 10-year CAGR of 32% but has declined 5% over the past year.
- Strong TTM revenue growth of 28% indicates robust demand momentum, significantly above the 10-year compounded sales CAGR of 14%
- Consistent long-term sales compounding at 19% over 5 years and 16% over 3 years reflects a durable growth trajectory in the branded foods space
- 10-year stock CAGR of 32% demonstrates sustained long-term wealth creation for shareholders
- 5-year compounded profit growth of 18% and 10-year profit CAGR of 20% show the business has historically scaled earnings well
- ROE has been consistently in the 15-17% range over the last decade (17% 3-year, 17% 5-year, 16% 10-year), indicating steady capital efficiency
- Market cap of ₹15,033 Cr positions L T Foods as a mid-cap with room for re-rating if branded FMCG multiples expand
- Dividend yield of 0.68% provides a small but tangible cash return, suggesting some capital discipline by management
- TTM profit growth has sharply decelerated to just 3% versus TTM sales growth of 28%, pointing to significant margin compression
- Stock has declined 5% over the past 1 year despite strong revenue growth, suggesting the market is pricing in earnings headwinds
- P/E of 24x is elevated for a commodity-linked food company where earnings can be volatile due to raw material price swings
- P/B of 3.4x is relatively high, leaving limited margin of safety if growth slows further from current levels
- Last year ROE dipped to 15% from the 3-year and 5-year average of 17%, indicating declining return efficiency
- 3-year compounded profit growth of 16% lags behind the 3-year stock CAGR of 40%, suggesting the stock may have run ahead of fundamentals
- Basmati rice is subject to government export policy interventions, minimum export prices, and crop-dependent supply dynamics that create earnings unpredictability
- Dividend yield of only 0.68% implies most returns depend on capital appreciation, increasing risk if growth stalls
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- 92% green energy in FY26 Sep 7
LT Foods filed its BRSR for FY26 reporting 92% green energy usage, zero fatalities, and turnover of ₹4,128 crore. Strong ESG positioning for an FMCG company.
- ₹1 final dividend declared Sep 7
The 36th AGM agenda includes declaring a final dividend of ₹1 per share for FY26, signaling steady shareholder returns.
- 36th AGM set for Sep 29 Sep 8
LT Foods scheduled its 36th AGM for September 29, 2026 via video conferencing to transact business for FY25-26 including adopting financials.
- Analyst call with Nuvama Sep 16 Sep 11
LT Foods will host a virtual analyst call with Nuvama PCG on September 16 at 3:30 pm IST. CEO, CFO, and Chief Corporate Development Officer will attend.
- Analyst meeting on Sep 11 Sep 8
LT Foods scheduled an analyst and investor meeting on September 11 at 11:30 am. No agenda details were disclosed.
- Investor meet at Elara Dialogue Aug 27
LT Foods scheduled an in-person meeting at the Ashwamedh-Elara India Dialogue 2026 on September 2 at 11:00 am IST.
- Arihant Capital call Aug 19 Aug 16
LT Foods hosted a virtual meeting with Arihant Capital analysts on August 19 at 11:30 am IST, led by CFO and Chief Corporate Development Officer.
TL;DR: LT Foods is in a quiet, operationally steady phase with no material headwinds surfacing in recent news. The FY26 BRSR highlights strong ESG credentials with 92% green energy and ₹4,128 crore turnover. Active investor engagement through multiple analyst calls suggests management is focused on visibility. With the AGM on Sep 29 and no negative catalysts, the near-term outlook appears stable.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,778 | 1,978 | 1,942 | 2,075 | 2,071 | 2,108 | 2,275 | 2,228 | 2,464 | 2,766 | 2,809 | 2,907 | 3,152 |
| Expenses | 1,564 | 1,737 | 1,703 | 1,830 | 1,830 | 1,879 | 2,025 | 1,970 | 2,199 | 2,456 | 2,495 | 2,639 | 2,798 |
| Operating Profit | 214 | 240 | 239 | 245 | 241 | 229 | 250 | 258 | 265 | 309 | 314 | 267 | 354 |
| OPM % | 12% | 12% | 12% | 12% | 12% | 11% | 11% | 12% | 11% | 11% | 11% | 9% | 11% |
| Other Income | 25 | 26 | 20 | 28 | 28 | 35 | 17 | 36 | 43 | 8 | 4 | 31 | 10 |
| Interest | 22 | 19 | 18 | 23 | 19 | 20 | 24 | 26 | 28 | 28 | 35 | 40 | 40 |
| Depreciation | 36 | 36 | 36 | 45 | 42 | 45 | 46 | 53 | 52 | 60 | 63 | 70 | 74 |
| PBT | 181 | 211 | 204 | 204 | 208 | 200 | 198 | 216 | 228 | 229 | 220 | 189 | 250 |
| Tax % | 24% | 26% | 25% | 27% | 25% | 25% | 27% | 26% | 26% | 28% | 29% | 28% | 27% |
| Net Profit | 137 | 157 | 153 | 150 | 155 | 151 | 145 | 161 | 168 | 164 | 157 | 136 | 183 |
| EPS in Rs | 3.96 | 4.49 | 4.35 | 4.28 | 4.41 | 4.27 | 4.13 | 4.62 | 4.85 | 4.72 | 4.53 | 3.91 | 5.28 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,716 | 2,955 | 3,245 | 3,614 | 3,890 | 4,135 | 4,644 | 5,427 | 6,936 | 7,772 | 8,681 | 10,946 | 11,633 |
| Expenses | 2,452 | 2,598 | 2,887 | 3,237 | 3,490 | 3,668 | 4,092 | 4,835 | 6,235 | 6,834 | 7,703 | 9,787 | 10,388 |
| Operating Profit | 264 | 357 | 358 | 376 | 400 | 467 | 552 | 592 | 701 | 938 | 979 | 1,159 | 1,245 |
| OPM % | 10% | 12% | 11% | 10% | 10% | 11% | 12% | 11% | 10% | 12% | 11% | 11% | 11% |
| Other Income | 45 | -38 | 48 | 36 | 21 | 33 | 42 | 23 | 71 | 98 | 117 | 83 | 53 |
| Interest | 151 | 148 | 157 | 147 | 139 | 132 | 87 | 69 | 82 | 83 | 88 | 131 | 143 |
| Depreciation | 47 | 52 | 55 | 50 | 69 | 91 | 108 | 123 | 127 | 153 | 186 | 245 | 267 |
| PBT | 111 | 120 | 194 | 216 | 214 | 277 | 398 | 424 | 563 | 801 | 822 | 866 | 888 |
| Tax % | 31% | 39% | 33% | 33% | 36% | 28% | 27% | 27% | 25% | 25% | 26% | 28% | — |
| Net Profit | 76 | 72 | 129 | 144 | 137 | 199 | 289 | 309 | 423 | 598 | 612 | 625 | 640 |
| EPS in Rs | 2.74 | 2.7 | 4.4 | 4.21 | 3.96 | 5.77 | 8.57 | 9.14 | 11.6 | 17.09 | 17.43 | 18.01 | 18.44 |
| Div. Payout % | 7% | 6% | 3% | 4% | 4% | 9% | 12% | 11% | 9% | 9% | 17% | 17% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 27 | 27 | 32 | 32 | 32 | 32 | 32 | 35 | 35 | 35 | 35 |
| Reserves | 436 | 510 | 638 | 1,147 | 1,297 | 1,449 | 1,724 | 1,966 | 2,722 | 3,337 | 3,819 | 4,486 |
| Borrowings | 1,692 | 1,597 | 1,610 | 1,548 | 1,690 | 1,764 | 1,570 | 1,320 | 1,221 | 917 | 1,261 | 1,610 |
| Other Liabilities | 291 | 330 | 460 | 529 | 554 | 573 | 787 | 1,042 | 1,341 | 1,753 | 2,298 | 2,934 |
| Total Liabilities | 2,445 | 2,464 | 2,735 | 3,256 | 3,573 | 3,818 | 4,112 | 4,359 | 5,319 | 6,042 | 7,413 | 9,064 |
| Fixed Assets | 370 | 361 | 374 | 566 | 601 | 906 | 880 | 905 | 995 | 1,160 | 1,404 | 1,852 |
| CWIP | 15 | 24 | 40 | 28 | 42 | 17 | 33 | 35 | 27 | 41 | 45 | 67 |
| Investments | 7 | 6 | 14 | 14 | 36 | 33 | 29 | 25 | 127 | 183 | 223 | 48 |
| Other Assets | 2,053 | 2,072 | 2,308 | 2,648 | 2,894 | 2,862 | 3,171 | 3,394 | 4,170 | 4,657 | 5,741 | 7,097 |
| Total Assets | 2,445 | 2,464 | 2,735 | 3,256 | 3,573 | 3,818 | 4,112 | 4,359 | 5,319 | 6,042 | 7,413 | 9,064 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 9 | 297 | 227 | 60 | 103 | 477 | 445 | 517 | 258 | 757 | 462 | 910 |
| Investing | -58 | -54 | -83 | -233 | -137 | -83 | -101 | -145 | -395 | -201 | -219 | -845 |
| Financing | 32 | -235 | -137 | 160 | 44 | -404 | -346 | -358 | 136 | -538 | -150 | -127 |
| Net Cash Flow | -17 | 8 | 7 | -13 | 10 | -10 | -2 | 15 | 0 | 17 | 93 | -62 |
| Free Cash Flow | -46 | 244 | 149 | -169 | -11 | 393 | 346 | 366 | 115 | 556 | 224 | 554 |
| CFO/OP | 22 | 93 | 77 | 43 | 52 | 119 | 101 | 106 | 55 | 97 | 71 | 99 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 46 | 52 | 47 | 50 | 55 | 38 | 41 | 35 | 32 | 32 | 29 |
| Inventory Days | 249 | 233 | 231 | 251 | 247 | 222 | 261 | 247 | 254 | 249 | 286 | 248 |
| Days Payable | 18 | 27 | 35 | 50 | 37 | 33 | 59 | 74 | 90 | 88 | 116 | 101 |
| Cash Conversion Cycle | 273 | 253 | 248 | 248 | 260 | 244 | 240 | 215 | 199 | 193 | 202 | 176 |
| Working Capital Days | 19 | 1 | 15 | 61 | 73 | 78 | 93 | 91 | 100 | 105 | 100 | 82 |
| ROCE % | 13% | 14% | 16% | 14% | 12% | 13% | 14% | 14% | 17% | 21% | 19% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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65 extracted metrics + investor summaries across FY11–FY27.
Documents
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Company Information
LT Foods Ltd. is a leading Indian-origin global FMCG company in the food and consumer goods space. It is a leading player globally in the specialty Rice and rice-based foods business for over the last 70 years.[1]
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