LT Foods Q2 Results: Second quarter profit falls 4.2 percent to Rs 150.6 crore

Mumbai: The consolidated net profit of LT Foods Limited has declined by 4.22 percent to Rs 150.61 crore in the second (July-September) quarter of the current financial year. The company’s net profit in the same quarter of the last financial year was Rs 157.26 crore.

LT Foods Limited said in a stock exchange filing on Thursday that its operating income grew 6.57 percent to Rs 2,107.78 crore in the quarter under review, from Rs 1,977.78 crore in the same quarter of the previous fiscal. LT Foods’ total expenses grew 8.4 percent to Rs 1,942.91 crore in the September quarter.

LT Foods Ltd is the parent company of Daawat and Royal brands of rice. LT Foods’ total revenue (including other income) grew 7.14 percent to Rs 2,134.04 crore in the September quarter.

The company’s Managing Director and Chief Executive Officer (CEO) Ashwani Arora said that despite the disruptions in the external environment, particularly the Red Sea crisis, LT Foods remained strong and recorded sustained growth during the quarter.