India · Delayed Price · Currency is INR LT Foods Earnings Call Transcripts
Fiscal Year 2026
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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.
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Q2 FY26 saw record revenue and strong EBITDA growth, driven by brand investments and global expansion. Margins were impacted by higher costs and tariffs, but outlook remains positive with new capacity and acquisitions set to boost future growth.
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Record quarterly revenue and EBITDA were driven by strong growth in North America, Europe, and organic segments, with robust brand investments and new facility launches. EBITDA margin slightly dipped due to higher brand spend, but ROCE remains strong and double-digit growth is expected to continue.
Fiscal Year 2025
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A preliminary 340% U.S. duty on 2023 organic soybean exports affects less than 1% of revenue, with management expecting a significant reduction after review. No material impact is anticipated on cash flow, and operations may shift to Uganda to mitigate risk.
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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 as logistics costs normalize and advertising spend rises.
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Q3 revenue grew 17% YoY with margin expansion, but PAT declined due to higher freight costs. International and organic segments drove growth, while domestic demand was slower. Margin recovery is expected from Q2 FY26 as freight and input costs normalize.
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Revenue grew 12% in H1 FY25 with margin expansion, though EBITDA margin declined due to higher logistics costs. Basmati and organic segments drove growth, while freight costs are expected to normalize by Q4. Inventory and working capital rose to support demand.
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Q1 FY25 revenue grew 17% year-over-year, with strong gains across all segments and improved profitability. Freight costs remain a near-term headwind, but margin expansion is expected as commodity prices ease and premiumization continues.