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Consolidated Revenue (H1 FY25): INR4,222 crores, up 12% from INR3,781 crores in H1 FY23.
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Gross Profit (H1 FY25): INR1,428 crores; Gross Profit Margin expanded by 160 bps to 33.8%.
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EBITDA (H1 FY25): INR514 crores, increased by 7%; EBITDA Margin decreased by 50 bps to 12.2%.
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Profit After Tax (H1 FY25): INR306 crores, up 4% from INR295 crores last year.
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Earnings Per Share (H1 FY25): INR8.71, increased by 3% from INR8.45 in H1 FY24.
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Cash Profit (H1 FY25): INR393 crores, up 7% from INR366 crores last year.
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Net Debt (H1 FY25): INR546 crores, reduced from INR569 crores in the previous half year.
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Return on Capital Employed (H1 FY25): 20.8%, down from 21.6% in H1 FY24.
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Return on Equity (H1 FY25): 17.1%, compared to 19.5% in H1 FY24.
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Debt-to-Equity Ratio (H1 FY25): 0.2%.
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Debt-to-EBITDA Ratio (H1 FY25): 0.8%, compared to 0.7% last year.
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Current Ratio (H1 FY25): Improved to 2.5% from 2.4% in H1 FY24.
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Net Working Capital Days (H1 FY25): 195 days, up from 174 days in H1 FY24.
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Consolidated Revenue (Q2 FY25): INR2,134 crores, up 7% from INR1,992 crores last year.
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Gross Profit (Q2 FY25): Increased by 17%; Gross Profit Margin up 320 bps to 34.1%.
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EBITDA (Q2 FY25): INR256 crores, flat year-on-year; EBITDA Margin at 12%.
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Profit Before Tax (Q2 FY25): INR199 crores, down 6% from INR211 crores last year.
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Profit After Tax (Q2 FY25): INR151 crores, decreased by 4% from INR157 crores last year.
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Earnings Per Share (Q2 FY25): INR4.3, decreased by 5% from INR4.5 in Q2 FY24.
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Cash Profit (Q2 FY25): INR196 crores, up 1%.
Release Date: October 24, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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LT Foods Ltd (BOM:532783) reported a 12% increase in consolidated revenue for the first half of FY25, driven by strong sales in the Basmati, Specialty, and health segments.
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Gross profit margin expanded by 160 basis points to 33.8%, indicating improved profitability.
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The company achieved a 7% increase in EBITDA to INR514 crores, showcasing operational efficiency.
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Net debt decreased to INR546 crores from INR569 crores, reflecting improved financial health.
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The company is expanding its product portfolio by launching Jasmine rice globally, which has shown positive market reception.
Negative Points
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EBITDA margin decreased by 50 basis points to 12.2%, partly due to increased freight costs.
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Profit after tax grew by only 4%, indicating slower bottom-line growth compared to revenue.
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Return on equity decreased to 17.1% from 19.5% in the previous year, suggesting reduced shareholder returns.
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Inventory days increased to 195 days from 174, indicating potential inefficiencies in inventory management.
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The company faced a 4% decrease in PAT for Q2 FY25, highlighting challenges in maintaining quarterly profitability.