LT Foods reports strong growth, expands european presence

LT Foods achieved a record quarterly revenue of INR 2,772 crores in Q2 FY'26, marking a 30% year-on-year growth (12% normalized). For the first half of FY'26, revenue reached INR 5,273 crores, up 25% (15% normalized). EBITDA for Q2 FY'26 stood at INR 316 crores, a 24% increase, though the EBITDA margin saw a slight dip to 11.4% due to increased brand and digitalization investments. The company maintains a strong investment-grade credit rating of CRISIL AA- A1+ with a positive outlook.

A significant development in Q2 FY'26 was the acquisition of Hungary-based Global Green Kft. for an enterprise value of €25 million, expanding LT Foods' footprint in the European processed food market and establishing a third manufacturing hub. The organic segment delivered robust 26% year-on-year growth in H1 FY'26, supported by the inauguration of a new B2C facility in Rotterdam with an initial capital expenditure of INR 20 crores, projecting an incremental revenue of INR 400 crores over the next five years.

Geographically, North America contributed 46% of revenue, growing 47% year-on-year (16% normalized), with the Royal brand holding a 54% market share. India contributed 30% of revenue, growing 13%, while Europe and UK accounted for 15% with 31% year-on-year growth. The Middle East and rest of the world made up the remaining 9%, with Saudi Arabia contributing INR 28 crores.