LT Foods FY26 revenue jumps 26% to ₹11,023 cr; margins squeezed by US tariff pass-through
Basmati maker LT Foods grew FY26 revenue 26% to ₹11,023 cr but EBITDA margin slipped to 11.2% as US tariffs bit. India business rose 10% in value with quick commerce and e-commerce surging 45%. Q4 PAT fell 15% to ₹136 cr; Organic arm hit by CVD case on Ecopure subsidiary, now revised to 75.48% from 340.27%.
What happened
LT Foods FY26 revenue rose 26% to ₹11,023 cr but margins slipped on US tariff pass-through. India business grew 10% with quick commerce and e-commerce up 45%.
Key facts
- revenue ₹11,023 cr (+26% YoY)
- EBITDA ₹1,236 cr (+16%)
- PAT ₹625 cr vs ₹612 cr
- normalised revenue growth 19%
- EBITDA margin 11.2% (11.8% normalised)
- North America 48% of revenue
- India business +10% value, +12% volume
- QC/e-com +45%
- Basmati/Specialty Rice ₹9,742 cr (+29%)
- Organic segment ₹1,016 cr (+9%), 5.8% EBITDA margin
- Q4 PAT ₹136 cr (-15%)
- CVD revised 340.27% to 75.48%
- market cap ₹14,199 cr
Why this matters
The revised CVD rate on Ecopure (75.48% vs 340.27%) materially de-risks the Organic arm and could reopen M&A or partnership conversations in US specialty foods.