Strong performance across rice, organic, and ready-to-eat segments drives double-digit growth in H1 FY26
LT Foods, the parent company of Daawat, reported a 25 per cent year-on-year rise in consolidated revenue to Rs 5,273 crore in the first half of FY26, driven by strong growth across its rice, organic, and ready-to-eat portfolios.
Ebitda grew 20 per cent to Rs 619 crore, profit after tax rose nine per cent to Rs 332 crore, and cash profit increased 13 per cent to Rs 445 crore. Gross profit stood at Rs 1,815 crore, up 27 per cent year-on-year.
For the quarter ended September 30, 2025, total revenue stood at Rs 2,772 crore, up 30 per cent year-on-year. Gross profit grew 30 per cent to Rs 948 crore, Ebitda was up 24 per cent at Rs 316 crore, profit after tax increased nine per cent to Rs 164 crore, and cash profit rose 15 per cent to Rs 224 crore.
“We have concluded the first half of FY26 on a strong and positive trajectory. Our resilient business model, unwavering commitment to quality, and deep consumer insights have enabled us to deliver robust growth, underscoring the strength and agility of LT Foods,” said Ashwani Arora, Managing Director and CEO, LT Foods.
The company’s Basmati and other speciality rice business grew 24 per cent in H1 FY26, supported by enhanced brand investments and marketing initiatives. The organic foods segment recorded a 26 per cent growth, reflecting rising global demand for sustainable food choices.
In India, Daawat maintained a 26.1 per cent market share as of September 2025, according to the AC Nielsen Retail Survey, reinforcing its leadership in the Basmati rice category. LT Foods further expanded its ready-to-cook and ready-to-eat portfolio with the launch of the Daawat Thai Green Curry Rice Kit.
In the United States, flagship brand Royal continued to hold over 54 per cent market share, while the acquisition of Golden Star strengthened the company’s position in the Jasmine rice segment. The Europe and U.K. business registered 31 per cent growth year-on-year, aided by the acquisition of Global Green for EUR 25 million, marking LT Foods’ entry into the canned foods category.
The company’s balance sheet reported that net debt-to-equity improved to 0.14 from 0.22, and return on capital employed rose to 22 per cent from 20.8 per cent.
Arora added that the company’s focus in FY26 will remain on strengthening brand equity, expanding markets, accelerating digital transformation, and forging strategic partnerships.
LT Foods, with over 70 years of expertise in speciality rice and food products, markets leading brands including Daawat in India and Royal in North America, and has a presence across 80 countries.
