LT Foods Share Price: Revenue Ne Toda Record, Par Margin Pressure Ne Badha Di Tension!

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AuthorAnanya Iyer|Published at:
LT Foods Share Price: Revenue Ne Toda Record, Par Margin Pressure Ne Badha Di Tension!
Overview

Arre bhai, LT Foods ke liye khushkhabri hai! Unhone Q3 aur poore 9 mahine ka revenue record tod diya hai. Sales **23-24%** badh gayi hai YoY, mainly basmati aur international business ki wajah se. Par haan, thoda margin pressure bhi dikh raha hai, jo investment ki wajah se hai.

Toh hua kya, LT Foods ne pichle 9 mahine aur teesre quarter (Q3 FY'26) mein zabardast revenue generate kiya hai. Ye unka sabse best performance raha hai.

Nine-month revenue ₹8,085 crore tak pahunch gaya, jo pichle saal ke comparison mein 24% zyaada hai. Aur Q3 mein bhi revenue ₹2,812 crore ke record level par pahuncha, 23% YoY growth ke saath. Agar kuch specific cheezein hata dein jaise US tariffs aur 'Golden Star', toh normalized growth 12% (9 months) aur 8% (Q3) raha.

Ab baat karte hain profit ki, yaani EBITDA ki. Nine months mein EBITDA 20% badh kar ₹936 crore ho gaya. Q3 mein ye ₹317 crore raha. Lekin yahaan ek chota sa catch hai. EBITDA margin 30 basis points (bps) kam ho gaya hai, yani 11.6% par aa gaya hai 9 mahino ke liye. Company keh rahi hai ki yeh zyada brand investment aur digitalization par kharch karne ki wajah se hai.

Interest costs bhi 46% badh gaye hain. Company ka kehna hai ki yeh higher working capital needs aur naye UK warehouse ki lease accounting ki wajah se hai, halanki net debt kam hua hai.

Management ka outlook kaafi positive hai. Agle saal bhi double-digit revenue growth ki umeed hai. Iska reason hai strong brand, market mein penetration aur distribution.

Apna Basmati aur Specialty Rice business jo consolidated revenues ka 88% deta hai, woh 26% grow hua (normalized 12%). Organic segment bhi 15% badha. Geographical performance dekho: North America (46% revenue) 12% normalized grow hua. India (29% revenue) 10% bada. Europe (16% revenue) toh 35% growth dikha gaya, UK mein naye capacities ki wajah se.

Par kuch challenges bhi hain. US Tariffs kaafi sales value (25-26%) par pass kiya ja raha hai, par isse pricing mein thoda change aa raha hai. January mein US mein consumption thoda slow hua tha.

Basmati crop 2025 ka yield mausam ki wajah se kam tha, jiske karan paddy prices 7-8% badh gaye hain. Company inhein price increase karke pass on karne ki koshish karegi.

Ready-to-Heat/Cook (RTH/RTC) business mein 4% ka degrowth dekha gaya. Yeh segment abhi investment-heavy hai aur EBITDA break-even tab karega jab revenue ₹400 crore cross karega, jo shayad 3 saal mein ho payega.

Hungary mein ek acquisition ka plan tha, Global Green Group ka, par woh approve nahi hua Hungarian Ministry of National Economy se.

Insurance claim se ₹260 crore mile hain, par woh abhi FDR mein hain bank guarantee ke against, court decisions ka wait hai.

Aage kya dekhna hai? Investors Q4 FY'26 trends dekhenge, US consumption slowdown ka impact aur paddy price pass-throughs kitne successful hote hain. US RTH capacity aur 'Hadeel' food service launch in Saudi Arabia bhi important hoga. Company ROCE targets manage karne aur RTH/RTC segment ko profit mein lane ki koshish karegi. US mein agle saal naye RTH capacity ka start hona bhi important hai.

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