Q2FY22 Quarterly Result Announced for LT Foods Ltd.
Highlight Total Revenue at Rs. 1,323 crore; up 7% YoY Gross Profit at Rs. 453 crore; up 11% YoY EBITDA stood at Rs. 157 crore Profit After Tax at Rs. 81 crore; up 4% YoY Cash Profit at Rs. 110 crore; up 5% YoY Total Revenue at Rs. 2,545 crore; up 3% YoY Gross Profit at Rs. 866 crore; up 7% YoY EBIDTA stood at Rs. 305 crore Profit After Tax stood at Rs. 157 crore Cash Profit at Rs. 215 crore; up 1% YoY Free Cash flows stood at Rs. 478 crore: up by 22% YoY Finance Cost at Rs. 33 crore; down 34% YoY Book Value per share at Rs. 63.3; up 15% YoY Announced Interim Dividend of Rs. 0.50 per shares Commenting on the financial results, Managing Director & CEO, Mr. Ashwani Arora said that, “During the quarter, we delivered resilient performance with steady growth in revenue and margins across segments and geographies. Our balance sheet has further strengthened with free cash flow being utilized towards debt reduction. Moreover, to tap the vast market opportunity and to drive future growth, we continued our focus towards building strong brand equity, wide global distribution network, product innovation, leadership team and strong backend infrastructure. With the economy moving back towards normalcy and the nation-wide vaccination drive, the HORECA segment has seen substantial recovery and has now bounced back to the pre-COVID levels. We are confident that the Company will continue to perform well on all its key strategic focus areas and will continue to work towards maximizing its shareholder’s value as well as serving the community and people at large.” Result PDF29-10-2021