India · Delayed Price · Currency is INR LT Foods Earnings Call Transcripts
Fiscal Year 2026
-
FY 2026 saw 26% revenue growth, strong basmati and specialty rice performance, and improved working capital. Premiumization, digital channels, and global expansion drove results, while margins were impacted by tariffs and investments. Double-digit growth and stable margins are guided for FY 2027.
-
Record nine-month revenue and EBITDA growth driven by strong brand presence, with double-digit gains in key segments and geographies. U.S. tariffs and rising input costs present margin challenges, but most cost increases have been passed on. Double-digit growth guidance remains intact.
-
Q2 FY26 saw record revenue and strong EBITDA growth, driven by brand investments and geographic expansion, though margins were impacted by higher costs and U.S. tariffs. The company remains optimistic for H2, with new capacity and acquisitions set to boost future growth.
-
Record quarterly revenue and EBITDA were driven by strong growth in basmati, specialty rice, and organic segments, with robust performance in North America and Europe. Brand investments increased, margins remained healthy, and the company expects continued double-digit growth and strong ROCE.
Fiscal Year 2025
-
A preliminary 340% U.S. countervailing duty on 2023 organic soybean exports affects INR 50 crore in sales, but the financial impact is minimal due to the segment's small revenue share. Management is contesting the duty and expects a favorable outcome, with future sales and other business lines unaffected.
-
Q4 and FY25 saw strong revenue and profit growth, with gross margins expanding due to lower input costs. FY26 guidance targets 7% volume growth and stable or improved margins, supported by normalized logistics costs and continued brand investment. Inventory build and a proposed acquisition position the company for further growth.
-
Q3 revenue grew 17% year-over-year with margin expansion, but PAT declined due to higher logistics costs. International and organic segments drove growth, while freight and procurement cost benefits are expected to improve margins in FY26. Inventory days rose in anticipation of demand.
-
Revenue grew 12% in H1 FY25 with margin expansion driven by premium and organic products, despite higher logistics costs from the Red Sea crisis. Management expects 10-11% volume growth and 12% EBITDA margin for FY25, with freight costs normalizing from Q4.
-
Revenue grew 17% year-over-year to INR 2,088 Cr, with EBITDA up 15% and EPS up 11%. Freight costs remain a near-term margin headwind, but margin improvement is expected as commodity prices decline. Strategic expansion in the Middle East and new product launches support future growth.