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LT Foods gains 3% on bullish outlook for convenience wing revenue

The convenience and health segment which is a new addition to its business set-up entails products such as ready-to-eat ‘Daawat Cuppa Rice,’ ‘Daawat Biryani Kits,’ and rice based snacks marketed under the brand name ‘Kari-Kari.’

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LT Foods targets up to 10% revenue from Convenience & Health segment in next 5 yrs: MD & CEO Ashwani Arora, ET Retail

Presently 60 per cent revenue of LT Foods comes from the international market and the rest 40 per cent from the domestic market. It has a presence in over 60 countries and in some markets as the US, it controls more than 50 per cent of the market, where it operates with the brand Royal.

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LT Foods targets up to 10% revenue from Convenience & Health segment in next 5 yrs: MD & CEO Ashwani Arora

The company is leveraging existing brands and distribution strength for its ready-to-cook and ready-to-eat products in the Convenience & Health segment, a category where consumption has increased in Indian homes, particularly after the pandemic.

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Rice stocks trade mixed after govt imposes curbs on exports

The government has announced a 20 percent export duty on parboiled rice as well as additional measures to curb outbound shipments of restricted varieties.

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Daawat decides to celebrate a day for Biryani, of Biryani, by Biryani on 3rd July 2022

Daawat decides to celebrate a day for Biryani, of Biryani, by Biryani on 3rd July 2022
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Business News | Daawat Decides to Celebrate a Day for Biryani, of Biryani, by Biryani on 3rd July 2022

Get latest articles and stories on Business at LatestLY. LT Foods, a Consumer Food Company's flagship brand Daawat Basmati Rice has created a unique occasion for Biryani lovers across the World by celebrating July 3rd, 2022 as World's 1st Biryani Day across the globe. Business News | Daawat Decides to Celebrate a Day for Biryani, of Biryani, by Biryani on 3rd July 2022.

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