KRBL reported a nearly 35% drop in third-quarter profit on Tuesday, hit by a weak demand for its India Gate basmati rice brand in international markets, leading to a 6.4% decline in its shares. Consolidated net profit was 1.34 billion rupees ($16.1 million) for the quarter ended December 31, compared with 2.05 billion rupees a year earlier.
LT Foods has announced that its flagship brand DAAWAT has been recognised as the 'Top Brand' in Canstar Blue's latest dry rice ratings in Australia.
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.’
Nature Bio Foods, an organic business arm of LT Foods, has launched a new facility in Uganda. The plant will process soyabean meal and contribute to the expansion of product portfolio which includes sesame seeds, chia seeds, and sorghum. The initial production capacity of the plant is 10,000 tonnes and it aims to increase it to 18,000 tonnes by 2024.