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28 Jan 2026
LT Foods Delivers Resilient Performance with Strong Double-Digit Growth in 9M FY’26; Revenue up 24% YoY to ₹8,085 crore; EBITDA rises 20% to ₹936 crore
New Delhi (India), 28th January 2026: LT Foods, a global FMCG company in the consumer food
space, reported its unaudited consolidated financial results for the 9 months and third quarter ended
31st December’25.
Mr. Ashwani Arora, Managing Director & CEO, LT Foods, said, “Despite a dynamic global
environment, we are pleased to report that the first 9 months of FY’26 demonstrated a strong and
resilient performance for LT Foods. Our robust business model, disciplined execution, and
unwavering focus on quality and consumer relevance enabled us to deliver healthy growth, reinforcing
the strength and agility of our organisation.
During 9M FY’26, our Basmati and Other Speciality Rice business continued its strong momentum,
reporting 26% (Normalised growth is 12% excluding the U.S. Tariffs and Golden Star) YOY growth,
supported by sustained brand investments and focused marketing initiatives that have deepened
consumer trust across markets. Our Organic Foods & Ingredients segment also delivered robust
growth of 15% YOY, reflecting increasing global preference for sustainable, clean-label food choices
and our well-established presence in key international markets.
In India, the household penetration of our flagship brand rose to 58.11 lakhs (Kantar
Household Panel MAT Sep’25), reaffirming its position as the most trusted and preferred rice brand
in the country. Besides, we continued to maintain leadership across major E-commerce and Qcommerce platforms, leveraging digital-first strategies to engage new-age consumers. In addition, we
launched “ I’m Organic” range, a thoughtfully crafted offering designed for consumers who
seek authentic and organic produce. We also unveiled Saffron Basmati, a super-premium,
limited-edition offering that celebrates heritage with refined indulgence.
In the U.S., while our flagship brand Royal® continues to enjoy a dominant market share, we reported
50% (Normalised growth is 12% excluding the U.S. Tariffs and Golden Star) YOY growth. Europe
reported 35% YOY growth, driven by expanding market reach and rising demand for our differentiated
offerings.
Separately, we are witnessing some near-term pressure arising from U.S. imposed tariff-related
developments. While the input cost has increased, we have to see how it is going to impact us in the
near future.
As we move forward, our focus remains on building a stronger, future-ready LT Foods — one that
continues to further strengthen our brand equity, expand its global footprint, invest in digital
capabilities, and evolve through strategic partnerships. We remain committed to delivering trusted,
high-quality products that create long-term value for all stakeholders across geographies.
Key Financial Highlights for Q3 FY’26
Total Revenue stood at Rs. 2,812, crores; up 23% YoY
Gross Profit stood at Rs. 963 crores; up 24% YoY
EBITDA stood at Rs. 317 crores; up 20% YoY
Profit After Tax stood at Rs. 157 crores, up 8% YoY
Cash Profit stood at Rs. 220 crores; up 15% YoY
Key Financial Highlights for 9M FY’26
Total Revenue stood at Rs. 8,085 crores; up 24% YoY
Gross Profit stood at Rs. 2,778 crores; up 26% YoY
EBITDA stood at Rs. 936 crores; up 20% YoY
Profit After Tax stood at Rs. 490 crores, up 9% YoY
Cash Profit stood at Rs. 665 crores; up 14% YoY
The Key Consolidated Financial Parameters: (₹ in Crore)
Particulars Q3 FY’26 Q3 FY’25 YoY (%) 9MFY’26 9MFY’25 YoY (%)
Total Revenue 2,812 2,288 23% 8,085 6,510 24%
Gross Profit 963 775 24% 2,778 2,202 26%
GP Margin 34.2% 33.9% 30 bps 34.4% 33.8% 60 bps
EBITDA 317 263 20% 936 777 20%
EBITDA Margin 11.3% 11.5% (20bps) 11.6% 11.9% (30bps)
PAT 157 145 8% 490 451 9%
PAT Margin 5.6% 6.4% (80bps) 6.1% 6.9% (80bps)
Cash Profit 220 191 15% 665 584 14%
EPS (in ₹) 4.53 4.13 10% 14.10 12.81 10%
Revenue and Profit: 9MFY’26 Revenue and EBIDTA were up by 24% and 20%, respectively on
a YoY basis. The positive financial performance reflects the Company’s strong brand equity
developed over time, disciplined brand investments, widening market penetration across
segments and geographies, increased consumer preference for our brands, and ongoing
improvements in distribution efficiency.
o Basmati and Other Specialty Rice business for 9M FY’26 grew by 26% (Normalised growth
is 12%, excluding U.S. Tariffs and Golden Star) on a YoY basis on account of increased
investment in brand and marketing.
o Organic segment for 9M FY’26 grew by 15% on a YoY basis.
o Revenue in the RTH & RTC comprising of Quick Cooking Brown Rice,
Quick Cooking Black Rice, Quick Cooking Red Rice on the Health
platform and Royal Ready-to-Heat (in the US), Cuppa Rice, Biryani
Kit and Kari Kari (Japanese Rice Snacks) in 9M FY’26 stood at Rs. 138 crores.
Margin Profile:
o Gross Profit for 9M FY’26 increased by 26% on a YoY basis to Rs. 2,778 crores and the
Gross Profit Margin was at 34.4%.
o EBITDA increased by 20% on a YoY basis to Rs. 936 crores and the EBITDA Margin was
Press Release
at 11.6% in 9M FY’26.
o PAT increased by 9% on a YoY basis to Rs. 490 crores and the PAT Margin was at 6.1%
in 9M FY’26.
Further Strengthening Financial Metrics:
o Current Ratio at 1.8 in 9M FY’26 compared to 1.9 in 9M FY’25
o Interest Coverage Ratio at 8.4 in 9M FY’26 compared to 10.4 in 9M FY’25
o Net Debt-Equity at 0.27 in 9M FY’26 compared to 0.33 in 9M FY’25
o Net Debt-EBIDTA at 0.95 in 9M FY’26 compared to 1.17 in 9M FY’25
o RoCE at 20.3% in 9M FY’26 compared to 19.5% in 9M FY’25
o RoE at 15.9% in 9M FY’26 compared to 16.9% in 9M FY’25
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