LT Foods, an Indian-origin global FMCG Company in the consumer food space has reported its unaudited consolidated financial results amid robust performance for the third quarter and nine months ending December 31, 2024. LT Foods Ltd is a leading Indian-origin global FMCG company in the consumer food space.
“Our performance in the first 9 months of FY’25 underscores our ability to adapt to evolving market conditions while aligning with consumer preferences across geographies. With a revenue growth of 14% YoY in 9 Months, we have strengthened our position as a trusted global food brand. Our Basmati & Speciality business reported remarkable growth of 12% YoY. Our Organic Food & Ingredients segment also reported a significant rise of 36%increase YoY for 9 months in FY’25. Our remarkable growth is a testament to the strong brand equity of our flagship brands, and Royal, and the further strengthening of our well-entrenched global distribution network.”
Ashwani Arora, Managing Director & CEO, LT Foods
In India, the latest offering has been Jasmine Thai Rice, an authentic Thai Hom Mali sourced from Thailand, and underlines the commitment to introducing global gourmet food to Indian consumers. The company continues to leverage Artificial Intelligence (AI) for greater consumer engagement and greater penetration of our products across consumer segments.
In North America, the flagship brand, Royal, continues to command a 55% market share, while the brand, Golden Star’, stands firm as the #1 Jasmine Rice brand in North America. In Northern Europe, the company has maintained a market share of 20%. They further strengthened their footprints in the Middle East by taking our most loved brand, along with Hadeel and Mufaddal, to Saudi Arabia. The company’s new office in Riyadh will act as a hub for LT Foods’ robust performance has led to more regional operations. Going ahead, they remain committed to Building Resilience and Growing Sustainably.
The company continues to invest in brands, stay relevant to consumers, and further strengthen the global well-entrenched distribution network. The company will also continue to maintain a diversified portfolio, both in terms of category and geography, and its expansion based on the changing consumer trends. The Company focuses on digitization and sustainability enabled by investments in the brands and will continue to strengthen its position as a global FMCG company in the consumer food space.