
LT Foods Q4 Results: Profit up 7% to Rs 161 crore, FY25 revenue crosses $1 billion mark
FMCG firm
LT Foods Ltd
on Thursday reported 6.83 per cent increase in consolidated net profit at Rs 160.51 crore for March quarter FY25, led by rise in margins and distribution expansion. It had reported a net profit of Rs 150.24 crore for the January-March period a year ago, according to a regulatory filing from LT Foods Ltd, which owns basmati rice
brands
Daawat and Royal.
Revenue from operations was at Rs 2,228.36 crore in March quarter as against Rs 2,074.81 crore a year ago.
Total expenses were at Rs 2,048.91 crore, up 7.9 per cent year-on-year. Total income, which includes other revenue, was at Rs 2,259.63 crore, up 8.02 per cent from the year-ago period.
In FY25, LT Foods' net profit was up 2.37 per cent to Rs 611.80 crore, from Rs 597.59 crore a year ago. Total income rose to Rs 8,769.93 crore in the quarter, crossing the billion-dollar milestone.
Its basmati and other speciality rice
business
in FY25 grew 10 per cent on a YoY basis on account of increased investment in brand and marketing, said LT Foods in its earnings statement.
Live Events
The Organic Food and Ingredients business recorded a 29 per cent growth, and its international business delivered a strong performance, with all key markets contributing to growth.
Commenting on results, Managing Director & CEO Ashwani Arora said:"FY25 has been a landmark year for LT Foods, as we crossed the USD 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 per cent 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.
Shares
of LT Foods Ltd on Thursday settled at Rs 363.15 apiece on BSE, down 1.55 per cent from the previous close.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
23 minutes ago
- Business Standard
Reliance Defence partners Diehl for precision-guided munitions in India
Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years Mumbai Anil Ambani's Reliance Defence (R-Defence) has tied up with Germany-based Diehl Defence to produce next-generation terminally guided munitions (TGM) for the Indian armed forces. The partnership with Diehl will drive local production of the Vulcano 155 mm precision-guided munition system, R-Defence stated. As part of the agreement, R-Defence will establish a large, high-tech, greenfield, integrated ammunition and explosive manufacturing facility in Watad Industrial Area in Ratnagiri, Maharashtra. 'This strategic alliance not only accelerates the advancement of India's defence manufacturing capabilities, but also positions Reliance Defence as a pivotal player in the global defence supply chain,' Ambani, founder and chairman of the Reliance Group, said. In May, the company had tied up with another Germany-based defence firm, Rheinmetall AG, to supply the explosives and propellants for medium- and large-calibre ammunition. The facilities for the above-mentioned partnerships in Ratnagiri will be established with an investment of ₹5,000 crore over the next five years, a company source stated. R-Defence is aiming to start manufacturing in the next 18 months, as it has the land and principal approvals for the plant in place. The company aims to fund 30 per cent of the investment via equity and the other 70 per cent via debt. The equity is likely to come from the company's internal cash accruals, the source said. R-Defence aims to be amongst the country's top three private defence exporters in the next 12 to 24 months. It is likely to sign long-term agreements with firms like Diehl and Rheinmetall for 5 to 10 years in the coming months. The partnerships are a part of the company's ammunition-focused strategy, where the products made in India will have 60 per cent indigenous content. It is eyeing the market opportunity to potentially generate ₹10,000 crore in revenue through the development and supply of advanced ammunition systems. This tie-up with Diehl is also Reliance Group's fourth global partnership, expanding upon its established collaborations with Dassault Aviation, Thales Group of France, and Rheinmetall. Additionally, Diehl Defence's product portfolio includes air defence systems, missiles for all branches of the armed forces, and ammunition for the army, air force, and navy, as well as protection systems, generating annual sales of over 2 billion euros.


Hans India
25 minutes ago
- Hans India
SWIGGY ROLLS OUT CORPORATE REWARDS PROGRAM IN 7000 COMPANIES ACROSS INDIA: UNLOCKS EXCITING BENEFITS FOR CORPORATE EMPLOYEES
Swiggy Limited (NSE: SWIGGY / BSE: 544285), India's leading on-demand convenience platform, has launched its Corporate Rewards Program, a first-of-its-kind initiative designed to bring added value, convenience, and delight to working professionals across the country. The company shared that it has rolled out the Corporate Rewards Program across 7000 companies in India. Swiggy has received a great response for this program and is in the process of expanding it to 15,000+ organizations across India by the end of 2025. Through this program, employees of the partner companies can access a range of exclusive offers by verifying their official work email address on the Swiggy app. The Corporate Rewards Program is currently live in companies across top 10 corporate hubs in the country including Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Noida, Pune and Kolkata. Swiggy will be adding more benefits and perks to the Corporate Rewards Program in the coming weeks. In line with Swiggy's broader strategy to cater to specific consumer segments, the Corporate Rewards Program focuses on enhancing the food ordering and dining experience for India's corporate workforce. The offers include Swiggy One membership at discounted price, flat discount of Rs. 125 to Rs. 200 on food delivery orders, flat 20% off on large/ party orders on the food delivery app, as well as flat discount of upto Rs. 2000 on Swiggy Dineout. Once a user verifies his/her corporate email ID in the dedicated 'Corporate Rewards' section within the Swiggy app, they are granted access to a suite of curated benefits that are tailored to the needs of the corporate employees and enables them to have a great time while at work or off it. So, whether it is busy workdays, team lunches, office parties, or late-night work sessions as well as for a great evening out with loved ones, the perfect weekend plan or the feast that one may want to order in on a special day, Swiggy's Corporate Rewards Program offers a host of benefits for all its users. With its intuitive access, expansive corporate network, and compelling offers, the Corporate Rewards Program positions Swiggy as not just a food delivery platform, but a reliable companion for India's urban professionals. Swiggy's Corporate Rewards Program is currently running across a range of industries including Consulting, E-commerce, Banking/ Finance, IT/ Software/ Technology, Manufacturing/ Heavy Industries, VCs, FMCG Companies, Automobile/ Auto Ancillary, Pharmaceutical and Healthcare, Telecom, Energy/ Oil & Gas and Utilities, Retail, Education, Media and Entertainment, Aerospace/ Defense, Hospitality/ Travel and Tourism, Agritech/ Agriculture, Mining and Natural Resources. Commenting on the launch, Deepak Maloo, Vice President-Food Strategy, Customer Experience and New Initiatives, said, 'The Corporate Rewards Program reflects Swiggy's commitment to offering an enhanced, hyper-relevant, lifestyle-integrated experience for working professionals across age groups. Whether it's a working professional looking for reliable lunch options during a busy day, a team celebrating a successful project, a late-night worker seeking comfort food after hours, planning a weekend get together with friends, or hosting a group of friends on a match day, Swiggy's Corporate Rewards Program makes the experience more rewarding and cost-effective. With exclusive offers designed for those with busy schedules, we're helping people save time, save money, and still eat well — no matter where work takes them.' The sign-up process for this program is seamless and designed with user convenience in mind—requiring just a few steps to verify a work email and instantly access all associated perks. The launch of this program builds on the success of Swiggy's recently announced Students Rewards Program and marks another step in Swiggy's effort to build a targeted, meaningful ecosystem of benefits around specific user communities. While the Student Rewards offering was created to meet the needs of collegegoers living away from home, the Corporate Rewards Program addresses the rhythm of the modern workplace—fast-paced, digitally connected, and always on the move.
&w=3840&q=100)

First Post
33 minutes ago
- First Post
RCB owner issues statement after sale rumours emerge following maiden IPL title win
After RCB's maiden IPL title win in 2025, media reports speculated a possible sale of the franchise. The reports emerged following the deadly stampede in Bengaluru that killed 11 fans during victory celebrations. Current owner Diageo India has now issued a statement, clarifying their stance on the matter. read more After Royal Challengers Bengaluru (RCB) lifted their first-ever IPL title this year, media reports emerged stating that the team might be up for sale. RCB defeated Punjab Kings (PBKS) by 6 runs in the IPL 2025 final to end their 18-year-long drought. Immediately after this, news started doing the rounds of a possible sale of the franchise. RCB's historic IPL 2025 win sparks sale speculation However, the current owner of RCB, Diageo India, has denied all rumours. The company has clearly said that it is not looking to sell the RCB franchise. According to Cricbuzz, Diageo made this statement in a letter to the Bombay Stock Exchange (BSE) on Tuesday, 10 June. This clarification came after the BSE reached out to Diageo regarding the rumours. 'The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion. This is for your information and records,' Mital Sanghvi, the company secretary, was quoted as saying to BSE. STORY CONTINUES BELOW THIS AD Tragic incident in Bengaluru adds to the speculation The speculation started when Bloomberg published a report earlier this morning suggesting that Diageo was looking for options to sell the RCB team. The report came just days after RCB's IPL 2025 victory on 3 June and a tragic stampede incident in Bengaluru on 4 June, where 11 people lost their lives during the celebrations. There were reports that since the news of the potential sale emerged, Diageo's stocks have risen in value. Meanwhile, there are speculations that RCB's owner is exploring options to sell the franchise because of the recent incident that may have caused some reputational damage to the company. Some reports also claimed that Diageo was looking at a valuation of $2 billion for the IPL team. 'I will not be surprised if it is sold for a higher price,' IPL founder Lalit Modi was quoted as saying by Cricbuzz. As per Modi, the valuation being quoted in the media is not far off. RCB's IPL victory may have increased the brand value of the franchise. The Gujarat Titans team was recently sold for nearly $1 billion to Torrent Group.