LT Foods Reports Rs 1.61 Billion Profit, Acquires Global Greens Entities

LT Foods Ltd has announced its fourth-quarter financial results, posting a consolidated net profit of Rs 1.61 billion. Revenue from operations stood at Rs 22.28 billion, reflecting steady growth in its packaged food and rice segments. In addition to its earnings report, the company has declared a final dividend of Rs 1 per share and confirmed the acquisition of entities from Global Greens Group for €6 million.  

 

Quarterly Performance and Dividend Declaration  

- Revenue from operations reached Rs 22.28 billion, driven by strong demand for premium rice brands and packaged food products  

- Net profit stood at Rs 1.61 billion, surpassing market expectations and showcasing operational efficiency  

- The company has approved a dividend of Rs 1 per share, reinforcing its commitment to shareholder returns  

 

Strategic Acquisition and Market Expansion  

- LT Foods has acquired entities of Global Greens Group through its subsidiary, strengthening its presence in the international food market  

- The deal, valued at €6 million, will be settled through a cash transaction at the closing date  

- The acquisition aligns with LT Foods’ long-term strategy to expand its global footprint and diversify its product offerings  

 

With a solid financial performance and a strategic acquisition, LT Foods continues to reinforce its position as a leading player in the packaged food industry.  

 

Sources: Economic Times, Moneycontrol, Livemint, CNBC TV18, LT Foods Official Announcement