LT Foods Ltd. is a leading Indian-origin global FMCG company in the consumer food space and has been a leading player globally in the specialty rice and rice-based foods business for more than 70 years. Founded by Vijay Kumar Arora in 1978, the company has evolved from a humble rice mill business into a multinational food conglomerate with a remarkable legacy spanning three generations.
The company delivers the finest quality and taste experiences in more than 80 countries across India, the U.S., U.K., Europe, the Middle East, the Far East and the Rest of the World. What started as a simple philosophy has transformed from a humble rice mill business into a global foods company with a presence in more than 60 countries worldwide.
LT Foods has a market capitalization of ₹16,892 Crore (up 85.5% in 1 year) as of recent data. The company has demonstrated consistent financial growth and market expansion over the years.
Key Financial Highlights:
- Sales rose 11.70% to ₹8,681.47 Crore in the year ended March 2025, as against ₹7,772.41 Crore during the previous year ended March 2024.
- Net profit rose 2.02% to ₹605.34 Crore in the year ended March 2025, as against ₹593.35 Crore during the previous year ended March 2024.
- Net profit of LT Foods rose 7.91% to ₹160.52 Crore in the quarter ended March 2025, as against ₹148.76 Crore during the previous quarter ended March 2024.
- Revenue from operations increased 17.15% to ₹2,274.81 Crore in Q3 FY25 compared with ₹1,941.72 Crore in Q3 FY24.
The company's flagship brands include DAAWAT®, one of India's most loved and consumed Basmati brands, Royal, which is North America's most loved brand, and many more. The company became a leading rice brand in India and the No. 1 specialty food brand in the US, showcasing its global market penetration.
After joining the business in 1978, they launched the Daawat® brand, which was the embodiment of the vision to bring premium quality rice to families. Today, Daawat is a household name and one of India's best-selling rice. The company expanded its offerings by acquiring the Royal® brand in 2007, which is now the #1 selling Basmati Rice in America.
The company's steady and sustained focus on creating a vibrant portfolio has resulted in the success of several brands like Daawat, Royal, Ecolife, Devaaya, and many more.
LT Foods operates through three main segments: Basmati and Other Specialty Rice, Organic Foods and Ingredients, and Ready-to-Eat and Ready-to-Cook segments. The Basmati and Other Specialty Rice segment offers a variety of specialty rice and rice-based food under the brand Daawat, Royal and other regional brands, such as Heritage, 817 Elephant, Gold Seal Indus Valley, Rozana, and others.
The Company produces and distributes brown, white, steamed, parboiled, organic, quick cooking, and flavored rice and rice products. It offers organic staples through the brand Ecolife in global markets and supplies organic agricultural ingredients to businesses.
The company has a distribution network with 1300+ distributors across the globe. A constantly growing distribution network helps the company stay a leading brand globally, and it launched Daawat in 6 additional countries recently.
Ashwani Arora is the current CEO of LT Foods. The company's board approved re-appointment of Ashwani Kumar Arora and Surinder Kumar Arora as managing director with effect from June 21, 2025. Promoter holding in LT Foods has gone up to 51.00% as of March 2025 from 51.00% as of June 2024.
The company's board has declared fourth interim dividend of ₹0.50 per share for FY25, with the record date fixed as Tuesday, February 4, 2025. The Board of Directors recommended the final dividend of ₹1 per equity Share (i.e., 100%), subject to the approval of the shareholders.
LT Foods Americas Inc acquired the remaining 49% of Golden Star Trading for $15 million. LT Foods, through its joint venture with Kameda, has launched Krispy Hopu, a gluten-free, vegan snack. The product aims to capture the growing demand for healthier snacks.
"At LT Foods, the dream is to become a global Speciality food company, and they pursue this goal with single-minded conviction and concerted efforts bent towards maximizing tomorrow's returns through open practices and a sustainable business model." The company will continue to champion fair trade for farmers and deliver unsurpassed value to families with the long-standing values on which it was founded.
The company's foundation remains rooted in the principles established by its founder, emphasizing quality products, employee welfare, and maintaining standards that the leadership would be proud to serve their own families. This philosophy continues to drive LT Foods' operations across its global network, making it a trusted name in the specialty food industry worldwide.
