The proposed subsidiary will serve as a strategic platform for strengthening LT Foods’ presence in Australia and the wider Asia-Pacific region
LT Foods, a fast-moving consumer goods (FMCG) company in the consumer food space, is in the process of incorporating a new wholly owned subsidiary (WoS) in Australia to strengthen its presence in the overseas markets.
In an exchange filing, the company said that the WoS, to be named LT Foods Australia, will be incorporated with an initial capital of AUD 2,100. LT Foods will subscribe to 100 per cent of the equity of the subsidiary, to be paid in cash.
“The proposed subsidiary will serve as a strategic platform for strengthening LT Foods’ presence in Australia and the wider Asia-Pacific region, supporting business development, distribution, customer engagement and future growth initiatives,” the company added in its exchange filing.
Earlier, the company added that North America remains its largest market, contributing 48 per cent of its revenue mix in the financial year 2026 and delivering 53 per cent growth. Its flagship brand Royal commands over 60 per cent market share and Golden Star continues to be the number one Jasmine rice brand in the USA, it claimed.
Europe continued its growth journey, delivering 34 per cent revenue growth in FY26. The company’s basmati and specialty rice segment grew 29 per cent for the year, with revenue in the tune of Rs 9,742 crore. The company reported a 26 per cent on-year uptick in its revenue during the last fiscal year, which rose to Rs 11,026 crore.
The organic foods and ingredients segment grew by 9 per cent and crossed Rs 1,016 crore in revenue in FY26. “We are glad to share that we hold 12 per cent share in India’s exports of organic food. However, this business segment is under stress as we have strategically remodelled it for the next phase of growth,” the company added.
