
LT Foods Limited Announces Unaudited Financial Results for Quarter Ending June 30, 2026; Sets AGM Date
LT Foods Limited announced the un-audited financial results for the quarter ended June 30, 2026. The company also convened its Board of Directors and approved the outcomes, setting a date for its upcoming Annual General Meeting (AGM).The Board meeting of LT Foods was held on July 30, 2026. In addition to reviewing the financial results, the Board decided upon the convening of the 36th Annual General Meeting (AGM) of the shareholders for Tuesday, September 29, 2026, scheduled to be conducted via Video Conferencing and Other Audio-Visual Means.
Financial Performance Summary
The company's operations include a diversified portfolio of subsidiaries, associates, and joint ventures focused primarily on manufacturing, trading, and marketing rice, which forms the single primary reportable segment for the Group.Based on the unaudited financial results as of June 30, 2026, the key figures for LT Foods Limited are detailed below:
| Particulars | Consolidated (Three months ended June 30, 2026) | Standalone (Three months ended June 30, 2026) |
|---|---|---|
| Total Income | 3,16,129.11 Lakhs | 1,17,610.57 Lakhs |
| Total Expenses | 2,91,229.19 Lakhs | 1,08,170.28 Lakhs |
| Total Profit Before Tax | 24,899.85 Lakhs | 9,440.29 Lakhs |
The consolidated results include the performance of the Holding Company along with 22 subsidiaries, two joint ventures, and five associates.
Key Operational Notes and Legal Updates
Insurance Claim StatusThe Group holds an insurance claim recoverable, valued at ₹ 13,410.53 lakhs (non-current asset), related to loss of raw materials due to a fire at the premises of Daawat Foods Limited during the financial year 2014-15. The company previously recognized this insurance claim as an asset amounting to ₹ 17,810.88 lakhs in 2014-15. Subsequently, the Group wrote off a claim amounting to ₹ 4,400.35 lakhs in 2015-16 due to the Insurance Company repudiating the claim in February 2016. The Subsidiary Company filed a commercial suit that resulted in a decree from the District Court of Raisen, Bhopal on December 22, 2023, for ₹ 16,120.27 lakhs, along with interest amounting to ₹ 10,383.23 lakhs at 6% p.a.
The Insurance Company filed an appeal before the High Court of Madhya Pradesh, which remains pending. The Supreme Court clarified that the entire decretal amount needed to be deposited by the Insurance Company within two months. The Insurance Company subsequently deposited ₹ 26,503.50 lakhs on March 04, 2025, which was released by the District Court to the Subsidiary Company on April 08, 2025. Management assesses the carrying value of the claim as recoverable at ₹ 13,410.53 lakhs as at June 30, 2026, but notes that the differential excess amount awarded over and above this carrying value has not been recognized due to the matter being sub-judice before the High Court.
Ecopure Soybean Matter
Regarding Ecopure Specialities Limited, a subsidiary engaged in manufacturing and selling organic soybean products, the results are impacted by countervailing duty (CVD) from the U.S. Department of Commerce (US-DOC). US-DOC initially imposed a CVD rate of 340.27% on exports amounting to INR 50 crores (approx.), but later reduced the rate to 75.48%. Ecopure filed a summons and subsequently an appeal with the U.S. Court of International Trade (U.S. CIT). On May 11, 2026, the U.S. CIT issued an injunction enjoining the liquidation of the Company's entries until the final outcome of the proceedings. Management believes it maintains a strong legal position and does not expect a material impact on these financial results.
The consolidated financial results also reflect the incorporation of a new wholly owned subsidiary, LT Foods Australia PTY Limited in Australia, effective June 23, 2026.
LTFOODS Stock Price Movement
Shares of LT Foods Limited are edging higher as of 1:21 PM today, gaining 2.89% to trade at ₹389.55 and demonstrating strong upward momentum. The equity has experienced robust trading activity, with 594,668 shares changing hands in the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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