LT Foods Limited
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LT Foods Limited - overview
Established
1978
Location
Gurgaon, Haryana, India
Primary Industry
Food
About
Founded in India, LT Foods Ltd. operates as a leading provider of rice and value-added food products, specializing in innovative solutions that cater to diverse markets and enhance food security. LT Foods Limited was founded in 1978 in Gurgaon, India, and specializes in the production and distribution of rice and related food products. The company has undergone strategic pivots to expand its product offerings and markets.
The recent funding round involved SALIC acquiring a 9. 2% minority stake for INR 3. 9 billion on November 10, 2022, contributing to the company’s growth strategy. The firm has conducted a total of 3 deals, with the latest round bringing the total amount raised to INR 3.
9 billion. Ritesh Arora currently serves as the CEO. LT Foods specializes in producing a variety of rice products, including basmati and other specialty rice, along with a range of value-added food items. The company offers innovative solutions designed to improve operational efficiency and productivity for clients across industries such as logistics, manufacturing, and retail.
Its products cater to both multinational corporations and local enterprises, focusing primarily on emerging markets in Southeast Asia and the Middle East where demand for integrated food solutions is increasing. In the most recent fiscal year 2023, LT Foods reported a revenue of INR 864,191,499. 80 and an EBITDA of INR 96,047,388. 10.
The company's revenue model is centered around B2B transactions, emphasizing partnerships and service agreements with various enterprises, ensuring comprehensive support and tailored solutions. LT Foods plans to expand its product range by introducing new rice varieties and value-added food items, targeting a launch in the upcoming fiscal year. The company is also looking to penetrate new markets in North America and Europe by 2025, leveraging recent funding of INR 3. 9 billion secured from SALIC to enhance its production capabilities and market outreach.
This funding is strategically aimed at boosting operational capacity and establishing stronger partnerships within the food security sector.
Current Investors
SALIC, Rabo Equity Advisors
Primary Industry
Food
Sub Industries
Other Food Products, Snack Foods, Food & Beverage Distribution
Website
www.ltgroup.in
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
LT Foods Limited - timeline of key events
LT Foods Limited - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,208,066,000 | 24,742,942,000 | 27,348,428,000 | 29,737,342,000 | 32,876,007,000 | 36,159,719,000 | 38,930,926,000 | 41,501,268,000 | - | - | - |
| % Revenue Growth (YoY) | - | 11.4% | 10.5% | 8.7% | 10.6% | 10.0% | 7.7% | 6.6% | - | - | - |
| EBITDA (USD) | 2,371,953,000 | 2,808,368,000 | 3,083,478,000 | 3,182,324,000 | 4,010,850,000 | 4,109,317,000 | 4,177,474,000 | 4,981,326,000 | - | - | - |
| Operating Income (USD) | 1,983,570,000 | 2,434,355,000 | 2,617,742,000 | 2,667,131,000 | 3,469,283,000 | 3,608,164,000 | 3,487,234,000 | 4,067,604,000 | - | - | - |
| Operating Margin | 8.9% | 9.8% | 9.6% | 9.0% | 10.6% | 10.0% | 9.0% | 9.8% | - | - | - |
| % EBITDA Margin | 10.7% | 11.4% | 11.3% | 10.7% | 12.2% | 11.4% | 10.7% | 12.0% | - | - | - |
| NET Income (USD) | 600,746,000 | 848,023,000 | 764,159,000 | 730,091,000 | 1,294,784,000 | 1,444,198,000 | 1,374,654,000 | 1,993,049,000 | - | - | - |
| % Net Margin | 2.7% | 3.4% | 2.8% | 2.5% | 3.9% | 4.0% | 3.5% | 4.8% | - | - | - |
LT Foods Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Nature Bio Foods Ltd. | - | ||||||||
| LP Direct | Completed | LT Foods Limited | - | ||||||||
| Add-on | Completed | Golden Star Trading, Inc. | - | ||||||||
| Trade Sale | Completed | LT Foods Limited | - | ||||||||
| Add-on | Completed | Hindustan Unilever Limited's Rice Exports Business | - |
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LT Foods Limited - employee data
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