LT Foods Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript LT Foods Ltd filed with BSE on 05 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
LT Foods reported Q1 FY27 consolidated revenue growth of 26% year-on-year to Rs 3,161 crores, with EBITDA up 20% to Rs 363 crores and profit after tax up 9% to Rs 183 crores. Management attributed the growth to strong demand across geographies, with the basmati and specialty rice segment growing 34% while the organic foods segment saw a revenue decline due to a business model transition from wholesale to CPG. Management also discussed the impact of geopolitical disruptions, tariff changes, and freight cost volatility on regional performance, particularly in the Middle East and Europe.
Numbers mentioned
Consolidated revenue: INR3,161 crores (Q1 FY27)
p. 5
“the revenue stood at INR3,161 crores, driven by strong demand across our key geographies and sustained momentum in our branded portfolio”
Sachin Gupta, page 5 of the filed PDF · View the filing
Gross profit: INR1,029 crores (Q1 FY27)
p. 5
“The gross profit during this quarter increased by 19% to INR1,029 crores.”
Sachin Gupta, page 5 of the filed PDF · View the filing
EBITDA: INR363 crores (Q1 FY27)
p. 5
“The EBITDA grew by 20% to INR363 crores.”
Sachin Gupta, page 5 of the filed PDF · View the filing
Profit after tax: INR183 crores (Q1 FY27)
p. 5
“Profit after tax stood at INR183 crores, registering a growth of 9%.”
Sachin Gupta, page 5 of the filed PDF · View the filing
EPS: INR5.3 per share (Q1 FY27)
p. 5
“EPS likewise stood at INR5.3 per share, a growth of 9%.”
Sachin Gupta, page 5 of the filed PDF · View the filing
EBITDA margin: 11.5% (Q1 FY27)
p. 5
“the EBITDA margins moderated from 11% to 11.5% as compared to 12.1% primarily due to ongoing restructuring within the organic foods segment.”
Sachin Gupta, page 5 of the filed PDF · View the filing
Basmati and specialty rice revenue: INR2,845 crores (Q1 FY27)
p. 5
“Our core basmati and specialty rice business continued to perform exceptionally well, delivering revenue growth of 34% yearon-year basis to INR2,845 crores.”
Sachin Gupta, page 5 of the filed PDF · View the filing
Basmati and specialty rice volume growth: 11% (Q1 FY27)
p. 5
“Importantly, the volume grew by 11%, demonstrating the sustained consumer preference for our flagship brand across market.”
Sachin Gupta, page 5 of the filed PDF · View the filing
India revenue growth: 23% (Q1 FY27)
p. 5
“In India, the revenue grew by 23% on a year-on-year basis.”
Sachin Gupta, page 5 of the filed PDF · View the filing
India market share: 23.1% (Q1 FY27)
p. 5
“Our market share reached to 23.1%, while our household penetration increased to 64.4 lakh households, reinforcing the growing strength of our Daawat franchise.”
Sachin Gupta, page 5 of the filed PDF · View the filing
North America growth: 49% (Q1 FY27)
p. 6
“International business also continued its growth momentum and contributed 71% of our consolidated revenue, with North America maintaining the leadership position with 49% growth.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Organic Food and Ingredient revenue: INR254 crores (Q1 FY27)
p. 6
“The revenue stood at INR254 crores with EBITDA margin at 4%.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Ready-to-heat and ready-to-cook revenue growth: 13% (Q1 FY27)
p. 6
“The ready-to-heat and ready-to-cook portfolio delivered revenue growth of 13% on a yearon-year basis with 42% growth coming in the Biryani kits.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Inventory days: 187 days (Q1 FY27 vs Q1 FY26)
p. 6
“On a year-on-year basis, inventory days reduced from 221 days to 187 days.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Receivable days: 26 days (Q1 FY27 vs Q1 FY26)
p. 6
“Receivable days improved from 30 days to 26 days.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Working capital: 170 days (Q1 FY27 vs Q1 FY26)
p. 6
“Overall working capital reduced from 195 days to 170 days.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Return on capital employed: 21.1% (Q1 FY27)
p. 6
“Our return on capital employed remains robust at 21.1%, demonstrating our ability to generate healthy returns while continuing to invest behind the future growth opportunities.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Net debt-to-EBITDA: 0.48x (Q1 FY27)
p. 6
“While net debt-to-EBITDA improved during the quarter to 0.48x, our net debt to equity also remained comfortable at 0.15x, providing adequate flexibility to support future expansion initiatives.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Rice inventory: 3,46,000 tonnes at average rate of INR56 (as on June 26)
p. 10
“the inventory as on June 26, our rice inventory is 3,46,000 tonnes at an average rate of INR56 and paddy inventory is 1,64,000 tonnes at an average rate of INR38.”
Sachin Gupta, page 10 of the filed PDF · View the filing
India volume: 1,09,000 tonnes (Q1 FY27)
p. 14
“the India revenue in this quarter itself, it was 1,09,000 tonnes.”
Sachin Gupta, page 14 of the filed PDF · View the filing
International volume: 1,17,000 tonnes (Q1 FY27)
p. 14
“internationally, there was 1,17,000 tonnes of sales that happened in this quarter itself.”
Sachin Gupta, page 14 of the filed PDF · View the filing
Logistic cost as percentage of revenue: 4.7% (Q1 FY27)
p. 17
“as far as the logistic cost as a percentage to revenue, it was almost it is 4.7% of my revenue cost as the logistic cost.”
Sachin Gupta, page 17 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
India revenue — more than doubling the revenue with expanding margins · FY30
stated as an aspiration by Monika Chawla Jaggia
p. 4
“Our FY'30 ambition is a step change of more than doubling the revenue with expanding margins driven by reaching consumers at every price point, building distinctive brands, expanding availability and scaling our organizational backbone digitally.”
Monika Chawla Jaggia, page 4 of the filed PDF · View the filing
RTH/RTC business revenue — double the business · 3 years
stated as an aspiration by Ashwani Kumar Arora
p. 7
“Hopefully, in 3 years' time, we are aiming to make our ready-to-eat business double.”
Ashwani Kumar Arora, page 7 of the filed PDF · View the filing
Organic segment EBITDA — INR70 crores to INR80 crores of EBITDA · end of this year
stated conditionally by Ashwani Kumar Arora
p. 11
“Yes. So we are expecting that end of the year, for example, this organic business will be around INR70 crores to INR80 crores of EBITDA.”
Ashwani Kumar Arora, page 11 of the filed PDF · View the filing
Middle East growth — 15%
stated as an aspiration by Ashwani Kumar Arora
p. 12
“The growth will be in the range of 15% as the base is small, but we will keep growing in the Middle East.”
Ashwani Kumar Arora, page 12 of the filed PDF · View the filing
Basmati segment growth — 10%, 12% · next 2 to 5 years
stated as an aspiration by Ashwani Kumar Arora
p. 13
“So I think the basmati will grow in 10%, 12%. The RTH because it's a small base, that will grow in 15%, 20% and organic will be in the range of 10%, 12%. That's the guidance.”
Ashwani Kumar Arora, page 13 of the filed PDF · View the filing
Organic segment EBITDA margin — 7% to 8%, later double-digit · end of the year, then further out
stated as an aspiration by Ashwani Kumar Arora
p. 14
“hopefully, I just told that when the business is scaling up by the end of the year, we are expecting the organic business EBITDA to be in the range of -- which is right now 4% will be in the range of 7% to 8%. And going forward, it will come back to the double-digit EBITDA.”
Ashwani Kumar Arora, page 14 of the filed PDF · View the filing
RTH breakeven revenue — INR400 crores · 2 to 3 years
stated conditionally by Sachin Gupta
p. 16
“So it is the breakeven that will be coming at a revenue size of INR400 crores. INR400 crores at that, and we are on track on achieving that. It will take 2 to 3 years' time for achieving that number.”
Sachin Gupta, page 16 of the filed PDF · View the filing
Organic business growth and margin — double digit · by FY '27-'28
stated conditionally by Ashwani Kumar Arora
p. 16
“we are saying 1.5 year by year '27-'28, it will be fully back.”
Ashwani Kumar Arora, page 16 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
No capex plan currently; only small equity infused to open the company.
Answered by Ashwani Kumar Arora
Asked by Pooja Sanghvi: What is the planned capex for the Australia facility?
p. 7
“We have just opened the company. So there is no plan for the capex right now, but we'll see how it evolves.”
Ashwani Kumar Arora, page 7 of the filed PDF · View the filing
Impact expected to be limited due to alternative irrigation; clarity by mid-August; inflation would be passed to consumers.
Answered by Ashwani Kumar Arora
Asked by Avnish Roy: What is the outlook on the sowing season given El Nino, and how will it impact yield and margins?
p. 8
“So historically, we have not seen much impact, but there will be a little bit impact, but it's too early to project on the exact size of the crop.”
Ashwani Kumar Arora, page 8 of the filed PDF · View the filing
Majority is irrigated via canal and groundwater.
Answered by Ashwani Kumar Arora
Asked by Saurabh Beria: What percentage of basmati crop is irrigated versus rain-dependent?
p. 9
“I will say 80%- 85% is by the alternative sources also, which is canal and the groundwater. And 14%- 15% is where is dependent on the rain.”
Ashwani Kumar Arora, page 9 of the filed PDF · View the filing
Change in shipment terms from CIF to C&I and lower organic segment margins were the main drivers.
Answered by Sachin Gupta
Asked by Saurabh Beria: Why have subsidiary gross and EBITDA margins fallen year-on-year?
p. 9
“the major reason for the fall in the gross margin is 2 factors. Firstly, the change in the payment or the shipment terms that we have changed from the CIF to C&I basis.”
Sachin Gupta, page 9 of the filed PDF · View the filing
Impacted Middle East and Europe/UK significantly through higher freight costs; freight rate in Middle East rose sharply.
Answered by Ashwani Kumar Arora
Asked by Pooja Sanghvi: How did the geopolitical crisis impact transport and logistics?
p. 11
“In Middle East, the freight rate has gone from $200 to $4,000.”
Ashwani Kumar Arora, page 11 of the filed PDF · View the filing
Route to market changed from wholesaler to direct retail (CPG); margin improvement expected gradually over coming quarters.
Answered by Ashwani Kumar Arora
Asked by Praveen Kumar: When will the organic business restructuring be complete and margins improve?
p. 11
“So now I think in the coming quarters, I think we are expecting that in 1.5 years, every quarter, it will improve.”
Ashwani Kumar Arora, page 11 of the filed PDF · View the filing
Prior quarter had a one-off gain from investment revaluation, now normalized.
Answered by Sachin Gupta
Asked by Abhishek Mathur: Why was other income low this quarter?
p. 12
“in the previous quarter, there was certain revaluation of the investments that happened, and that created an income. So there was a one-off income that was there.”
Sachin Gupta, page 12 of the filed PDF · View the filing
Increase mainly due to consolidation of Golden Star subsidiary this year versus not consolidated last year.
Answered by Sachin Gupta
Asked by Bhavi Chauhan: Why did other expenses increase despite the CIF to C&I shift?
p. 13
“This is mainly because of the increased operations, if you look at because now the Golden Star, one of our subsidiaries, that has got consolidated.”
Sachin Gupta, page 13 of the filed PDF · View the filing
Attributed to a Nielsen methodology reset rather than actual share loss; company has grown share this quarter.
Answered by Ashwani Kumar Arora
Asked by Nan: Why has India market share appeared to decline over recent years?
p. 15
“2, 3 years back, Nielsen has reset their ways of doing the things.”
Ashwani Kumar Arora, page 15 of the filed PDF · View the filing
Reduction in U.S. tariff from 50% to 10% versus prior quarter was the main driver of margin improvement.
Answered by Sachin Gupta
Asked by Saurabh Beria: What drove the quarter-on-quarter improvement in gross and EBITDA margins despite elevated freight costs?
p. 17
“the tariff that was in the U.S., that was at 50%. This has got reduced to 10%.”
Sachin Gupta, page 17 of the filed PDF · View the filing
Risks flagged
El Nino could impact basmati crop yield and irrigation costs, potentially leading to inflation
p. 8
“So historically, we have not seen much impact, but there will be a little bit impact, but it's too early to project on the exact size of the crop.”
Ashwani Kumar Arora, page 8 of the filed PDF · View the filing
Geopolitical disruption and freight volatility impacted Middle East and Europe/UK margins
p. 10
“it has impacted 2 geographies in a big way. One is the Middle East and Europe and U.K. And that has impacted our margin.”
Ashwani Kumar Arora, page 10 of the filed PDF · View the filing
Middle East freight rates rose sharply and competitive landscape prevented cost pass-through
p. 11
“And that market was difficult to as competitive landscape has not allowed us to pass on to that market.”
Ashwani Kumar Arora, page 11 of the filed PDF · View the filing
Organic segment gross margins declined due to business model restructuring
p. 9
“The organic segment initially last year had a gross margin of 35%. This year, the margins are at 33%.”
Sachin Gupta, page 9 of the filed PDF · View the filing
Tariff volatility in the U.S. created pricing uncertainty
p. 4
“Tariff shifts created pricing volatility this year, and we are focused on converting dollar growth into the real unit growth as the pricing normalizes while broadening our reach across every price point and format.”
Monika Chawla Jaggia, page 4 of the filed PDF · View the filing
Middle East is a saturated, tough market that is difficult to penetrate
p. 4
“Middle East is a saturated market and as a relatively new entrant, it is not an easy one to crack for us.”
Monika Chawla Jaggia, page 4 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.