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LT Foods Q4 net up 2.38% - The Hindu BusinessLine


LT Foods Q4 net up 2.38%
May 26, 2021
Ashwani Arora, CEO & MD, LT Foods×
Optimistic on the outlook of overall business
Food processing company LT Foods Ltd on Wednesday reported a consolidated net profit of ₹59.73 crore in the quarter ended March 31, 2021, up 2.38 per cent compared to ₹58.34 crore in the corresponding quarter of the previous fiscal. Consolidated total revenues stood ₹1,146.52 crore, down 5.8 per cent compared to ₹1,218.12 crore in the corresponding quarter in the previous fiscal.
For the FY21, the company reported a consolidated net profit of ₹289 crore, up 45 per cent compared to the previous fiscal. Consolidated total revenues grew by 12.3 per cent to ₹4,686 crore. ....

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LT Foods Q4 net profit rises 2% to Rs 60 cr; stock falls 10%


Leading basmati rice firm LT Foods Ltd on Wednesday reported a 2.38 per cent increase in consolidated net profit to Rs 59.73 crore for the fourth quarter of 2020-21.
The company had posted a net profit of Rs 58.34 crore in the same quarter previous fiscal, it said in a regulatory filing.
Net income declined on a consolidated basis to Rs 1,146.52 crore in the fourth quarter from Rs 1,218.12 crore in the year-ago period.
Expenses were lower at Rs 1,058.12 crore as against 1,132.89 crore a year ago.
For the full 2020-21, the company reported a 45 per cent rise in its consolidated net profit to Rs 289.07 crore, compared to Rs 199.30 crore in the preceding fiscal. ....

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LT Foods arm Nature Bio Foods BV buys 30 per cent stake in Netherland-based Leev


January 20, 2021
×
LT Foods says the acquisition has been done in line with the long term growth plans
LT Foods Ltd on Wednesday said that its subsidiary Nature Bio Foods BV, has acquired 30 per cent stake in a Netherland-based Leev.nu for an undisclosed amount. The company said the acquisition has been done with an option of acquiring a further stake of 21 per cent at the end of five years.
Leev.nu, which is an organic specialty food company, is known for a product portfolio consisting of breakfast bars, healthy snacks, baking range & gluten free and low sugar products . It is also expanding its product portfolio into organic whole grains categories such as oats and flax seeds. ....

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LT Foods acquires 30 pc stake in Netherlands-based Neev.nu


LT Foods acquires 30 pc stake in Netherlands-based Neev.nu
ANI |
Updated: Jan 20, 2021 14:23 IST
New Delhi [India], January 20 (ANI): LT Foods Ltd on Wednesday announced the acquisition of 30 per cent stake in Leev.nu BV, a Netherlands-based organic specialty food company.
The acquisition deal through its subsidiary Nature Bio Foods BV has an option to acquire further 21 per cent stake after five years. A private equity investor called & Did-It with experience in worldwide trading of organic products has also taken a stake in Leev.nu BV.
Vijay Kumar Arora, Chairman and Managing Director of LT Foods, said Leev.nu will now have access to 100 per cent organic products grown by Nature Bio Foods s network of 60,000-plus organic farmers which cultivate in 80,000 hectares of certified organic land in India. ....

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