• Event Type: Q2 and H1 FY27 Post Result Earnings Conference Call hosted by Motilal Oswal Financial Services.
  • Date and Time: Wednesday, October 28, 2026. Specific time not mentioned in the document.
  • Purpose: Discussion of un-audited financial results and operations for the quarter and half year ended September 30, 2026.
  • Timing: The meeting was held after earnings announcement, as it is described as a "post-result earnings call".
  • Management Participants:
  • Mr. Ashwani Kumar Arora – Managing Director, Chief Executive Officer
  • Mr. Sachin Gupta – Chief Financial Officer
  • Ms. Monika Chawla Jaggia – Chief Corporate Development Officer
  • Mr. Ritesh Arora – Chief Executive Officer, India and Far East Business
  • Moderator: Mr. Sumant Kumar from Motilal Oswal Financial Services Limited.
  • Availability of Materials: The transcript of the earnings call was made available on the company's website at https://ltfoods.com/ltfoodscms/uploads/investors/earningcalltranscript/earningcalltranscript_1793705631.pdf and was filed with the stock exchanges.
  • UPSI Statement: The document includes standard forward-looking statement disclaimer noting that certain statements may constitute forward-looking statements subject to risks and uncertainties, but does not explicitly state that no unpublished price sensitive information (UPSI) will be shared.

Financial Highlights Discussed

  • Q2 FY27 Performance: Consolidated revenue grew 17% YoY to ₹3,253 crores from ₹2,772 crores. Gross profit increased 12% to ₹1,058 crores. EBITDA grew 13% to ₹358 crores from ₹316 crores. PAT increased 10% to ₹180 crores from ₹164 crores.
  • H1 FY27 Performance: Consolidated revenue grew 22% to ₹6,414 crores from ₹5,273 crores. Gross profit increased 15% to ₹2,087 crores. EBITDA grew 17% to ₹721 crores. PAT grew 9% to ₹364 crores from ₹332 crores.
  • Margin Analysis: EBITDA margin stood at 11% in Q2 compared to 11.4% in Q2 FY26, impacted by higher freight costs (40 bps impact) and increased brand investments (ad spend increased to 2.5% of revenue from 1.8% in Q1).
  • Segment Performance:
  • Basmati and specialty rice business revenue increased 27% to ₹5,764 crores in H1 with volume growth of 11%.
  • India business grew 24% YoY and accounted for 29% of revenue.
  • North America grew 21% YoY and contributed 50% of revenue.
  • Middle East grew 25% and contributed 9% of revenue.
  • Europe contributed 12% of revenue.
  • Organic food segment revenue was ₹520 crores in H1 with EBITDA margin of 6%.
  • Health and convenience portfolio contributed ₹102 crores, up 8% YoY.
  • Balance Sheet: Company ended H1 with net cash position of ₹247 crores. Inventory days reduced to 159 days from 187 days. Working capital days improved to 143 days from 174 days. Return on capital employed improved to 22.4% from 22%.
  • Inventory Details: As of September 26, 2026, paddy inventory was 82,000 tons at average rate of ₹43/kg, and rice inventory was 260,000 tons at average rate of ₹60/kg.

Strategic Updates

  • India Strategy: Focus on premiumization, portfolio expansion (Daawat Delight, Rozana Platinum, biryani kits growing 38% in H1), deeper distribution, and digital execution. Market share increased 140 bps with household reach increasing from 56.2 lakhs to 67.5 lakhs.
  • US Strategy: Strengthen core rice portfolio while expanding into convenience-led and value-added consumption occasions. Advancing ready-to-heat portfolio and microwaveable formats.
  • Europe Strategy: Expanding customer base and private label business across Germany and Nordic markets. Strengthening presence in France and improving operating performance.
  • Middle East Strategy: Delivered strong volume growth despite supply disruptions and freight cost escalation. Focus on expanding distribution and strengthening local partnerships.
  • Nature Bio Foods Strategy: Transitioning from India-centric sourcing to globally integrated consumer-focused organic food platform. Expanding beyond rice with sourcing capabilities in Turkey and other regions.

Additional Notes

  • The document includes the full transcript of the earnings conference call with analyst Q&A session.
  • No financial data was disclosed in the announcement itself beyond what was presented in the earnings call transcript.
  • The company mentioned that brand investments increased by ₹25 crores over previous quarter as part of planned step-up to support brands and new launches.
  • Management expressed confidence in achieving 13%-14% EBITDA margin in the future as investing markets (Europe, Middle East, organic) scale up, noting that mature markets (India, US) already deliver 15%+ EBITDA margins.