LT Foods Reports Robust Q2 Growth Amid Revenue Surge
LT Foods announced a consolidated net profit of Rs 163.85 crore for Q2, marking a 9% increase from the same period last year. The company's total income also rose significantly, despite an increase in total expenses. CEO Ashwani Arora emphasized plans for strategic growth and digital transformation.
- Country:
- India
LT Foods, a well-known FMCG company, has announced a noteworthy financial performance for the second quarter ending in September. The firm achieved a net profit of Rs 163.85 crore, reflecting a nearly 9% increase compared to the previous year, as revealed in a recent regulatory filing.
The company's total income soared to Rs 2,772.48 crore during the reviewed quarter, up from Rs 2,134.04 crore in the same period last year. However, expenses also grew, reaching Rs 2,544.19 crore compared to Rs 1,942.92 crore previously.
CEO Ashwani Arora outlined LT Foods' forward-looking strategy, focusing on brand equity, market expansion, digital transformation, and strategic partnerships, all aimed at providing trusted and valuable products globally.
Advertisement
ALSO READ
-
Patanjali Foods Ltd Achieves 67% Net Profit Surge in Q2
-
Maruti Suzuki Q2 net profit rises 8 per cent to Rs 3,349 crore; total revenue up 13 per cent at Rs 42,344.2 crore: Co filing.
-
Shreeji Shipping Global reports Rs 80 cr net profit in H1
-
ITC Q2 consolidated net profit up 4.1 pc at Rs 5,187cr, revenue dips marginally
-
Welspun Corp net profit grows to Rs 443.51 cr in Q2; order book touches Rs 23,500 cr level
Google News