LT Foods Q2 Profit Declines to ₹150.6 Crore

25 Oct 2024 , 11:21 AM

LT Foods Ltd, the parent company of Daawat and Royal basmati rice brands, announced a 4.3% year-on-year (YoY) drop in net profit for Q2 FY2024. The profit reached ₹150.6 Crore compared to ₹157.3 Crore in Q2 of FY2023.

Revenue from operations saw a 6.6% rise, totaling ₹2,107.8 Crore in Q2 FY2024, up from ₹1,977.8 Crore YoY.

On October 25, 2024 at 11:12 am, shares of LT Foods ltd were trading at ₹351.10 around 0.31% down from the previous close. The stock has gained a total of 121.24% in the las one year, and 72% since the beginning of the year.

EBITDA for Q2 FY2024 declined 4.7% to ₹229.3 Crore, compared to ₹240.6 Crore in Q2 of the previous fiscal, while the EBITDA margin decreased to 10.9% from 12.2% in the prior year’s quarter.

LT Foods declared a third interim dividend of ₹0.50 (50%) per share of face value ₹1 each, set for the financial year 2024-25. The Record Date is set for Monday, November 04, 2024. The interim dividend will be disbursed within 30 days from the declaration date to shareholders recorded as of November 04, 2024.