Broker s call: LT Foods (Buy)
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CMP: ₹60.20 LT Foods (LTF) is one of the leading specialty rice producers in India with more than seven decades of operations. The company has a wide range of rice portfolio suitable to every cuisine and ethnicity. LTF forayed into organic food and ingredient business in 1999 through its subsidiary Nature Bio-Foods Ltd. Recently, LTF forayed into value-added business of health and convenience products, with the launch of rice-based snack Kari Kari, Quick Brown rice, Cuppa rice and sauté sauces. LTF has major brands in: Rice business Daawat, Devaaya, Royal, Indus Valley, 817 Elephant, Chef’s Secret, Heritage and Rozana; Organic Business – Daawat and EcoLife; New Product Business – Kari Kari, Daawat and Royal.