LT Foods Q2 FY27 Profit Rises as Leev Joins Group

LT Foods reported consolidated revenue of ₹3,234.14 crore and profit of ₹180.20 crore for the second quarter of FY27. The company said profit rose year on year, while first-half profit reached ₹363.64 crore. The period also included Leev becoming a subsidiary of the group. Alongside the operating update, insurance litigation and US trade-duty proceedings remained identified uncertainties for the business.

Board meeting and results process

LT Foods was scheduled to hold its board meeting on October 27, 2026, to consider and approve unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The board was also due to consider the auditors' limited review report. The company separately scheduled an investor conference call for 4:00 PM IST on October 28, 2026. That call was intended to discuss the Q2 FY27 and H1 FY27 financial performance. Earlier pre-result information had stated that the Q2 and half-year figures had not yet been disclosed.

Q2 and H1 FY27 financial figures

The reported Q2 FY27 consolidated revenue of ₹3,234.14 crore represents the central financial figure for the period. Q2 consolidated profit was ₹180.20 crore. For the first half of FY27, consolidated profit stood at ₹363.64 crore. These figures place the second-quarter profit close to the ₹183 crore net profit reported for Q1 FY27. The available information states that Q2 profit increased year on year but does not provide the comparable Q2 FY26 profit figure or a year-on-year growth percentage.

Leev becomes a subsidiary

Leev became a subsidiary during the reporting period. Its inclusion is relevant when assessing reported growth because acquisition-related consolidation can affect comparisons with prior periods. LT Foods had also referred to normalized growth in its Q1 FY27 disclosures, distinguishing reported growth from growth excluding acquisition effects. No separate Q2 revenue, profit, or asset contribution from Leev was provided. As a result, the available data does not quantify Leev's direct effect on quarterly revenue or profitability.

Q1 set a higher revenue base

LT Foods began FY27 with strong first-quarter sales. The company reported consolidated Q1 revenue of ₹3,161 crore, up 26% year on year and 8% quarter on quarter. Another reported financial-data series placed Q1 revenue at ₹3,152 crore, compared with ₹2,907 crore in the March 2026 quarter. The difference between these disclosures is small, but the company-reported ₹3,161 crore figure is used in its management commentary. Q1 EBITDA was ₹363 crore, up 20% year on year, while PAT was ₹183 crore, up 9%.

Branded rice demand remained important

Management attributed Q1 growth to demand across key geographies and sustained momentum in the branded portfolio. Basmati and specialty rice were identified as major contributors, supported by 11% volume growth and higher realisations. The core Basmati segment reportedly grew 34% in Q1 FY27. LT Foods also said normalized revenue growth was 19% year on year, compared with 26% on a reported basis. This distinction is relevant as the group adds acquired businesses such as Leev.

India and overseas market indicators

India, which accounted for 29% of revenue in the reported segment information, grew 19% in one disclosure and 23% in company commentary for Q1. Daawat's market share was reported at 23.1%, compared with 22.4% a year earlier. Management also said household penetration reached 64.4 lakh households. The company reported e-commerce market share above 40%. In North America, revenue grew 49% in Q1 and the company's US Basmati import market share exceeded 60%, according to the information provided.

Legal and trade-duty risks

The company continues to face uncertainty from insurance litigation and US trade-duty proceedings. The provided information does not specify the financial exposure, expected timeline, or likely outcome of either matter. These items therefore remain risk factors rather than quantified charges in the available Q2 figures. For a company with a meaningful overseas branded-rice presence, trade-related proceedings can be material to investors because they may affect import economics and market access. However, no conclusion on financial impact can be drawn without further company disclosure.

Revenue history and FY27 guidance

LT Foods reported revenue of ₹11,020 crore for the year ended March 31, 2026, a 26% increase from FY25. Quarterly revenue rose from ₹2,766 crore in September 2025 to ₹2,809 crore in December 2025, ₹2,907 crore in March 2026, and ₹3,152 crore in June 2026 in the reported quarterly series. Management reiterated FY27 revenue-growth guidance of more than 12%. It expects Basmati and Organic businesses to grow by 10% to 12%. The Ready-to-Heat and Ready-to-Cook portfolio is expected to grow at a 15% to 20% CAGR, although the convenience segment was described as loss-making because of its smaller scale.

Market impact and investor focus

The Q2 revenue figure of ₹3,234.14 crore indicates that LT Foods maintained sales above the ₹3,000 crore quarterly level achieved in Q1. Profit of ₹180.20 crore was marginally below the Q1 PAT figure of ₹183 crore, based on the available reported numbers. Investors will assess the extent to which revenue growth stems from the branded portfolio, acquisitions, pricing, and volumes. They will also track margin performance, as prior commentary noted that profit growth had trailed sales growth. Further details from the results discussion and limited-review process will be important for understanding the contribution of Leev and the status of legal and trade-duty matters.

What comes next

LT Foods' immediate scheduled event is the October 28, 2026 investor call on Q2 and H1 FY27 performance. Management's discussion may provide additional detail on segment performance, profitability, acquisition consolidation, and the identified contingencies. The company has maintained FY27 revenue-growth guidance above 12%. Until more detailed financial statements or management commentary are available, the disclosed Q2 and H1 figures remain the key reference points for the period. The focus will remain on execution in branded rice, India and North America growth, and developments in the pending legal and trade-related proceedings.