LT Foods Q2 FY27 Consolidated Revenue ₹3234 Cr

Board Meeting Date: October 27, 2026 (commenced at 12:30 PM IST, concluded at 03:40 PM IST)
Period Ended: September 30, 2026
Financial Results Approval Date: October 27, 2026

Board of Directors of LT Foods Limited
Statutory Auditors: M S K A & Associates LLP
Subsidiaries: 23 entities including Daawat Foods Limited, LT Overseas North America Inc., Nature Bio Foods Inc., etc.
Associates: 5 entities including Raghuvesh Warehousing Private Limited, Marius Brun Et Fils, etc.
Joint Venture: 1 entity - KLT Foods (India) Private Limited
Regulatory Bodies: BSE Limited, National Stock Exchange of India Limited, SEBI

The Group has an insurance claim recoverable of ₹1,341.05 million relating to a loss of raw materials due to a fire in FY 2014-15.
The Insurance Company repudiated the claim in February 2016. Daawat Foods filed a commercial suit with the District Court of Raisen, Bhopal.
The District Court passed a decree in favor of Daawat Foods in December 2023, allowing a claim of ₹1,612.03 million plus interest of 6% p.a. (₹1,038.32 million).
The Insurance Company filed an appeal with the High Court of Madhya Pradesh, which was admitted on May 31, 2024. The hearing is pending.
As per the Supreme Court's order dated January 10, 2025, the Insurance Company deposited ₹2,650.35 million with the District Court on March 4, 2025. This amount was released to Daawat Foods on April 8, 2025, against a 100% bank guarantee, valid until the final disposal of the appeal.
The amount received is recorded as a liability. The bank guarantee was renewed in April 2026 for ₹2,650.35 million (excluding accrued interest).
Management, supported by external legal opinion, considers the carrying value of ₹1,341.05 million as recoverable. The differential amount awarded over the carrying value has not been recognized as the matter is sub-judice.

Ecopure, a subsidiary, was served with a preliminary CVD determination by the U.S. Department of Commerce (US-DOC) for organic soybean meal exports to the U.S. (period: Jan 1, 2023, to Dec 31, 2023).
The preliminary CVD rate was set at 340.27% on exports of approximately ₹500 million.
The US-DOC's final order dated February 23, 2026, reduced the CVD rate to 75.48%.
Nature Bio Foods Inc. (the importer of record) is liable for any duty payment.
Ecopure filed a summons with the U.S. Court of International Trade (CIT) on March 27, 2026, and an appeal on April 27, 2026.
On May 11, 2026, the U.S. CIT issued an injunction enjoining the liquidation of the company's entries until the final outcome.
Management believes it has a strong legal position and does not expect a material impact on the financial results.
For the period Jan 1, 2024, to Dec 31, 2024, the US-DOC issued a preliminary CVD rate of 3.57% (final result awaited).
On August 7, 2026, the US-DOC announced preliminary results for the period May 1, 2024, to April 30, 2025, determining a 26.60% dumping margin on U.S. sales of USD 557,300 (₹53.49 million), covering 8,289.71 MT, with a preliminary dumping amount of USD 148,200 (₹14.22 million). The final result is awaited.

Nature Bio Foods B.V. (NBFL BV), a subsidiary, acquired an additional 40.75% stake in Leev.nu B.V. (Leev) on September 29, 2026, for a cash consideration of €70,700 (₹7.72 million).
Consequently, Leev became a subsidiary of the Group effective September 29, 2026. It was previously accounted for as a joint venture (30% stake acquired in July 2022 for €136,000 [₹11.44 million]).
NBFL BV remeasured its previously held 30% equity interest at its acquisition-date fair value.
The identifiable assets and liabilities have been recognized at their acquisition-date fair values on a provisional basis.
The consolidated financial results for the current quarter include the financial results of Leev.

LT Foods Americas Inc., a subsidiary, received refunds of customs duties pursuant to a US Supreme Court ruling concerning tariffs under the International Emergency Economic Powers Act (IEEPA).
A portion of the refunds was passed on to certain customers. Amounts payable to other customers, as assessed by the company, are recognized under Other Financial Liabilities.
A new wholly-owned subsidiary, LT Foods Australia PTY Limited, was incorporated in Australia on June 23, 2026 (Australian Company No. 699353805).

The financial impact of the insurance claim litigation is contingent on the outcome of the High Court appeal. The carrying value of the asset is maintained at ₹1,341.05 million.
The financial impact of the countervailing and dumping duties is not expected to be material, based on management's assessment.
The acquisition of Leev.nu B.V. has been accounted for as a business combination, with assets and liabilities recognized at fair value provisionally.

No change in issued share capital.
Consolidated cash flow from operating activities for H1 FY27: ₹13,711.67 million (net cash generated).
Standalone cash flow from operating activities for H1 FY27: ₹3,509.52 million (net cash generated).

No explicit forward-looking guidance or management commentary is provided in the document.

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