The company’s net profit stood at Rs 145.38 crore in the third quarter of the current fiscal (Q3FY25)
Led by an increase in total expenses, LT Foods, a fast-moving consumer goods (FMCG) major in the consumer food space having brands such as Daawat and Royal has reported a 4.75 per cent year-on-year (YoY) decline in its consolidated net profit for the third quarter of the current financial year (Q3FY25). The company’s net profit stood at Rs 145.38 crore in Q3FY25 as compared to Rs 152.64 crore during Q3FY24.
The company’s net profit also marked a dip on a sequential basis as it went down from Rs 150.61 crore in Q2FY25. The consolidated revenue from operations of the company increased to Rs 2,274.81 crore during the recently concluded quarter, from Rs 1,941.72 crore during the corresponding period of the previous fiscal.
Total expenses for the company also marked an uptick as it increased to Rs 2,094.42 crore in Q3FY25 from Rs 1,757.67 crore in Q3FY24. The earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 263 crore in the third quarter of FY25 on a consolidated basis, marking a 7 per cent growth. The EBITDA margins came in at 11.5 per cent, as compared to 12.6 per cent.
“With a revenue growth of 14 per cent YoY in nine months, we have strengthened our position as a trusted global food brand. Our Basmati and Speciality Rice business reported remarkable growth of 12 per cent YoY. Our organic food and ingredients segment also reported a significant rise of 36 per cent increase YoY for 9 months in FY25,” stated Ashwani Arora, Managing Director and Chief Executive Officer (CEO), LT Foods.
Aided by superior product mix, higher investment in marketing the brands and distribution expansion, the consolidated 9M FY25 total revenue and net profit were up by 14 per cent and 1 per cent, respectively on a YoY basis, the company stated.
