LT Foods, the FMCG company behind rice brands DAAWAT and Royal, reported a 26% year-on-year increase in consolidated revenue to Rs 3,161 crore for the quarter ended June 30, 2026, supported by robust demand for its Basmati and specialty rice portfolio across key international markets.
The company’s EBITDA rose 20% year-on-year to Rs 363 crore, while profit after tax (PAT) increased 9% to Rs 183 crore during the quarter. On a sequential basis, revenue grew 8%, EBITDA was up 21%, and PAT increased 35.5%.
Ashwani Arora, Managing Director & CEO, LT Foods, said, “Q1 FY’27 was another quarter of disciplined, profitable growth for LT Foods. Our consolidated revenue grew 26% (normalised growth 19%, including Golden Star) YoY to Rs 3,161 crores (QoQ: up 7.6%), EBITDA grew 20%; Rs 363 crores YoY (QoQ: up 21%) and PAT stood at Rs.183 crores, up 9.0% YoY (QoQ: up 35.5%), a performance reflecting the strong brand equity of our flagship brands DAAWAT® and Royal®, disciplined execution and continued investments in premiumization, innovation and operational excellence.
Our Basmati & Other Specialty Rice Basmati continues to be at the heart of our story and grew 34%, YoY, with revenue in the tune of Rs 2,845 crores (normalised growth 24%, including Golden Star), reaffirming the trust global consumers place in our brands (QoQ: up 7%). The Ready-to-Eat (RTE) & Ready-to-Cook (RTC) segment reported revenue of Rs 53 crores in Q1 FY’27, growing 13% YoY (QoQ: up by 8%), as we deepened our presence in the convenience segment. Over FY’21–FY’26, this portfolio has scaled approximately 2.5x.
Our India business continued its strong trajectory, leading to 23% value and 12% volume growth. DAAWAT® market share stood at 23.1% (MAT June 2026, AC Nielsen Retail Survey Audit), up from 22.4% a year ago. This growth reflects our strategy of driving category premiumisation, expanding household penetration, strengthening distribution, and creating differentiated consumer experiences through innovation and meaningful brand engagement. In addition, Kari Kari® also expanded its footprint this quarter through its onboarding onto IndiGo Airlines.
North America remains our anchor market, witnessing 49% (normalised growth 27%, including Golden Star) growth. Our flagship brand Royal® continued to command over 60% market share, and Golden Star maintained its position as the No. 1 Jasmine Rice brand in the U.S. We further strengthened our supply chain with the ground-breaking of a new 156,000 sq. ft. distribution warehouse in Missouri City, Texas, which is scheduled for completion in January 2027. The facility will enhance distribution capacity, improve operational efficiency, and strengthen customer service capabilities across North America. The business has navigated tariff-related volatility and pricing resets during the period, but the underlying brand strength, category leadership and channel presence remain intact.
Europe and the UK are currently in an investment phase. During the quarter, we continued to strengthen our market presence through focused consumer engagement, portfolio expansion and deeper retail partnerships. Staying true to our commitment to authentic regional food experiences, LT Foods Europe expanded DAAWAT’®s portfolio with three new South Indian rice varieties, including DAAWAT® Idli Rice, DAAWAT® Ponni Rice and DAAWAT® Matta Rice.
In the Middle East, we also expanded our portfolio in Oman with the launch of DAAWAT® Extra Long Grain Basmati and DAAWAT® Rozana across leading modern trade outlets in June 2026. We continued to strengthen our brand, expand our distribution, and deepen consumer penetration across all price points.
Our rest of the world business recorded strong year-on-year growth in the quarter, with the Pacific region, Indonesia, and Mainland Asia emerging as the key growth engines. The total business grew by 50%, outpacing the category growth.
I am pleased to share that LT Foods has not been materially impacted by the recent geopolitical tensions arising from the Iran conflict. Our diversified sourcing network, agile supply chain configurations and geographically balanced operations ensured uninterrupted business continuity throughout the period.
Our Organic Business Arm, Nature Bio Foods Ltd., also continued to make significant progress by strengthening its European operations through Advanced Machinery and Infrastructure Investments.
As we look ahead, we remain committed to building a stronger, more future-ready LT Foods by further solidifying our position in the core Basmati & Specialty Rice Segment in India while extending that momentum into other geographies. We also remain focused on scaling our Organic Food & Ingredients business and expanding our RTE & RTC portfolio, as we continue to build a more diversified and future-facing product ecosystem. Sustainability remains central to this journey as we strengthen ESG practices across our value chain, while digital transformation remains a key priority, with continued investment in technology to sharpen consumer engagement, supply chain agility and operational efficiency. As we grow, our commitment is to creating shared, sustainable value for everyone who is part of the LT Foods journey.”
