LT FOODS LTD. - 532783 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
LT Foods Europe, B.V. appoints Mr. Vikas Magoon as Managing Director03-07-2020
03-07-2020
LT FOODS LTD. - 532783 - Closure of Trading Window
Intimation of closure of trading window29-06-2020
LT FOODS LTD. - 532783 - Disclosure Under Regulation 23(9) Of SEBI LODR For Half Yearly Related Party Transaction For The Period Ended 31St March, 2020
Disclosure under Regulation 23(9) of SEBI LODR for half yearly related party transaction for the period ended 31st March, 202026-06-2020
LT FOODS LTD. - 532783 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
LT Foods Limited launches Daawat Cuppa Rice22-06-2020
We have been working on adopting new strategies in this new normal': LT Foods MD & CEO
For LT Foods Ltd, the owner of Daawat basmati rice brand, the past fiscal and lockdown periods have thrown up more opportunities than challenges, tha16-06-2020
Earnings Call Transcript - Q4FY20 for LT Foods
Conference Call with LT Foods Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen to the full earnings transcript. Call Participants: Mr. Ashwani Kumar Arora – Managing Director and CEO, Mr. Vivek Chandra – CEO, Global Branded Business, Ms. Monika Chawla Jaggia – VP, Finance & Strategy, Mr. Sachin Gupta – General Manager, Finance Introductory Remarks from Monika Chawla Good afternoon everyone and thank you for joining us on our earnings conference call. I hope that you and your loved ones are all well and safe. Result document is available on the company website and has also been uploaded on the stock exchanges. A transcript of this call will be made available in the investors section of the company’s website. I would like to begin by taking you through the key highlights of our financial year 2020. In spite of many challenges faced by the economy due to ongoing Covid-19, we finished the fiscal year on a strong note with a healthy demand, robuust volume growth across India and the international markets and healthy margins. I would like to give you an update on our Q4, financial year 2020 performance. The revenue was up by 20% to Rs 1,217 crore YoY basis. The gross margin also expanded by 190 bps to 26.5% YoY basis. In absolute terms, the gross margin was up 29% to Rs 323 crores. This was also on account of both change in the product mix and the increased share of international brand and organic business. The EBITDA was up by 54% to Rs. 150 crore versus Rs 98 crores. The EBITDA margin was up by 275 bps to 12.3%. This was on account of higher GP and operational efficiency. The PAT for the increased by an interesting 167% to Rs 58 crore versus Rs 22 crore YoY basis. The PAT margin expanded by 265 bps to 4.8%. Now, I would like to update you on the efforts taken towards strengthening the balance sheet of the company. Company’s net worth was up by 11.5% to Rs 1,599 crores led by strong growth. The overall debt of the company was down by Rs 235 crores to Rs 1,435 crores. The debt equity ratio improved from 1.16x to 0.90x. Long term debt to equity has reduced to negligible levels of 0.13x from 0.17x times last year. This is to reiterate that the majority of our debt is working capital debt which is required because of the nature of our business and our focus is to maintain the debt to EBITDA ratio to less than 3x. Business Updates from Vivek Chandra In order to cope up with the twin challenges of manpower and logistics availability posed by the unprecedented crisis of Covid-19, the company has identified a nimbly executed number of go-to-market approaches. The company joined forces with Zomato and Swiggy to use their platforms for direct delivery to customers. Post enforcement of complete lockdown, a tele-caller facility was set up to directly reach top retail outlets in the country and take orders from them. US branded business also saw a double digit growth in revenue terms. The business has performed well across all channels and there was a significant increase in the sales for the month of March due to the ongoing pandemic. E-commerce as a channel continues to see a surge in demand in the last few months. Our recently launched ready-to-eat products were very well accepted by the consumers and also experienced a huge increase in demand. Our Europe business has also performed exceedingly well on a QoQ basis and it gives me great pleasure to share with you that our Europe business has become PAT positive in FY20. Our organic business has also seen a growth of 15% in Q4 on a YoY basis. The business has seen a ramp-up in the second half with installation of a dedicated organic soy meal processing plant turning in a record time of three months. Our plant is running at full capacity to cater to the large order received from global customers. Highlights from Ashwani Arora Good afternoon everyone and thank you for joining us on the call today. I hope that you and all your loved ones are safe. As we all know, over the last two months, the worldwide economy and various industries across India and international markets have been facing unique situations due to the Covid-19 pandemic. Our primary focus during this challenging period was to service and make our product available to our loyal consumers along with assuring the safety of our colleagues and managing our operations in the changed scenario. We are proud of our colleagues in the manufacturing unit, distribution, the front liners and the support function to also ensure smooth operation while working from home. During these trying times, all the employees have come together and the company has been able to demonstrate extreme value through inspection. Needless to say that all the norms prescribed by the government and WHO have been strictly followed at our manufacturing facility and distribution center across the globe. The company’s growth has accelerated on the brink of very strong consumer demand for our products and trusted brand names. We believe that in the current ongoing Covid-19 situation, consumer demand for packaged rice will increase because of the rise in home consumption especially in the health and convenience segment globally. As mentioned in earlier calls, the company has been extensively working on three strategic pillars of growth, margin expansion and strengthening the financial metrics which are visible in our financial performance and will continue to do the same in the future.29-05-2020
LT FOODS LTD. - 532783 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation28-05-2020
LT FOODS LTD. - 532783 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Results for the Fourth Quarter and Financial Year ended March 31, 202028-05-2020
LT FOODS LTD. - 532783 - Adoption Of Audited Financial Results For The Quarter And Year Ended 31St March, 2020
Adoption of audited financial results for the quarter and year ended 31st March, 202028-05-2020