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.
LT Foods Flagship Brand Daawat now listed at Jumbo, the Netherlands Supermarket Chain
Posted On: 2020-12-28 01:44:32 (Time Zone: Arizona, USA)
LT Food s Daawat Basmati Rice range is now available at Jumbo, the Netherlands supermarket chain across all 660 stores in Netherlands. Jumbo has stores in Netherlands & Belgium and command a 21% market in Netherlands alone. Initially Daawat Original & Daawat Extra Long have been listed in the Premium Rice category segment; come Jan 2021, the customers of Jumbo shall witness more offerings from the Daawat portfolio to delight their palate.
Commenting on this introduction, Managing Director & CEO Mr. Ashwani Kumar Arora said that, At LT Foods, our endeavor has always been to position our products closer to our consumers. Our partnership with Jumbo will ensure that the consumers in Europe experience the Daawat range of delectable premium Basmati Rice and will also strengthen our presence in the consumer segment in Europe.