L T Foods Ltd Share Price – NSE  / BSE

FMCG, Small Cap

LT Foods announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the 3rd interim dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Net profit of L T Foods declined 4.86% to Rs 148.39 crore in the quarter ended September 2024 as against Rs 155.97 crore during the previous quarter ended September 2023. Sales rose 6.57% to Rs 2107.79 crore in the quarter ended September 2024 as against Rs 1977.79 crore during the previous quarter ended September 2023.

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L T Foods has fixed 04 November 2024 as record date for payment of interim dividend for FY 2024-25.

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Profit before tax (PBT) fell 5.29% YoY to Rs 199.96 crore in Q2 FY25.

Total expenses rose 8.4% to Rs 1,942.91 crore during the quarter. Cost of material consumed stood at Rs 1,342.79 crore (up 32.24% YoY), employee benefit expense stood at Rs 122.97 crore (up 14.44% YoY), finance cost was at Rs 19.58 crore (up 2.78% YoY) during the period under review.

Meanwhile, the company’s board declared 3rd interim dividend of Rs 0.50 per share for FY25. The record date for the dividend is fixed as on Monday, November 04, 2024. The said interim dividend within a period of 30 days from the date of declaration.

LT Foods is a leading player globally in the specialty rice and rice-based foods business. The company sells its products in more than 65 countries across India, the U.S., Europe, the Middle East, the Far East and the rest of the world.

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