The convenience and health segment which is a new addition to its business set-up entails products such as ready-to-eat ‘Daawat Cuppa Rice,’ ‘Daawat Biryani Kits,’ and rice based snacks marketed under the brand name ‘Kari-Kari.’
LT Foods Revenue Up By 10% YoY To ₹1,789 Cr For Q1FY24 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
LT Foods, the consumer food company, witnessed a 44% rise in consolidated net profit to INR 137.44 crore ($18.5m) in Q1 FY2022 due to better margins. The total income in the June quarter reached INR 1,778.07 crore, up from INR 1,611.10 crore in the year-ago period, while expenses increased to INR 1,621.91 crore from INR 1,490.52 crore.
LT Foods Q4 net up 2.38%
May 26, 2021
Ashwani Arora, CEO & MD, LT Foods×
Optimistic on the outlook of overall business
Food processing company LT Foods Ltd on Wednesday reported a consolidated net profit of ₹59.73 crore in the quarter ended March 31, 2021, up 2.38 per cent compared to ₹58.34 crore in the corresponding quarter of the previous fiscal. Consolidated total revenues stood ₹1,146.52 crore, down 5.8 per cent compared to ₹1,218.12 crore in the corresponding quarter in the previous fiscal.
For the FY21, the company reported a consolidated net profit of ₹289 crore, up 45 per cent compared to the previous fiscal. Consolidated total revenues grew by 12.3 per cent to ₹4,686 crore.