LT Foods Hit with 340% US Duty—But Keeps Earnings Steady

LT Foods Ltd (NSE: LTOL.NS) has stated that the U.S. Department of Commerce imposed a 340% countervailing duty (CVD) on Ecopure Specialities, its associate company. The duty was against the sales made within the January–December 2023 period and is approximately ₹500 million. Although hefty, LT Foods has stated that it does not anticipate a material impact on future profits.

 

1. What's Driving the CVD?

2. LT Foods' Reaction

3. Market Snapshot

Sources: Reuters, Economic Times, Trendlyne, Moneycontrol