LT Foods reports strong H1 FY26 results, enters European canned food market

LT Foods Limited reported unaudited consolidated revenue of INR 5,273 crores for H1 FY26, a 25% year-on-year increase, with EBITDA growing 20% to INR 619 crores. Net profit after tax for the period increased 9% to INR 332 crores. The Basmati & Other Specialty Rice segment grew 24% (11.4% normalized) to INR 4,488 crores, while the Organic segment saw a 26% increase to INR 583 crores. The RTH & RTC segment revenue declined 5% to INR 95 crores.

The company announced the acquisition of Global Green Kft. for €25 million, marking entry into the European canned food market and adding a €40 million revenue base. This acquisition will strengthen its European footprint and includes a third manufacturing hub in Hungary. Additionally, LT Foods approved an equity infusion of £5 million into its UK step-down subsidiary to improve financial ratios and expand its speciality rice business.

LT Foods also provided an update on the Countervailing Duty (CVD) concerning its subsidiary Ecopure Specialities Limited, with a final determination expected by November 17, 2025. Crop outlook for 2025 indicates stable production of 18.04 million tonnes, up 1-1.5% from 2024, with prices anticipated to remain largely stable year-on-year.