LT Foods' Landmark Quarter: Crossing the Billion-Dollar Revenue Threshold
LT Foods Ltd reported a 6.83% increase in consolidated net profit for the March quarter of FY25, reaching Rs 160.51 crore. The company achieved a significant milestone by crossing the USD 1 billion revenue mark, driven by growth in its basmati rice and organic food segments.
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LT Foods Ltd has showcased remarkable financial performance in the March quarter of FY25, reporting a 6.83% rise in consolidated net profits, amounting to Rs 160.51 crore. This growth trajectory was buoyed by enhanced margins and expanded distribution networks.
In a pivotal milestone, the company crossed the billion-dollar revenue threshold, recording total income at Rs 8,769.93 crore. The notable growth was spurred by a 10% year-on-year increase in its basmati and specialty rice business. The organic food segment also surged, seeing a 29% uptick.
CEO Ashwani Arora credited the success to LT Foods' robust business model and consumer-centric approach. Despite a slight decline in share price, the board recommended a final dividend of Re 1 per share for FY25, underscoring confidence in sustained growth.
(With inputs from agencies.)
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