Slides
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30 Oct 2025 INVESTOR PRESENTATION H1 & Q2 FY2026
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Contents Index Slide # • LT Foods 03 • Important Business Updates 06 • Financial Highlights 10 • Business Segments • BASMATI & OTHER SPECIALITY RICE 15 • ORGANIC FOODS & INGREDIENTS 19 • READY-TO-HEAT (RTH) & READY-TO-COOK (RTC) 22 • Marketing Initiatives & Updates 25 • Strategy & Outlook 30 • ESG Initiatives 36 • Shareholding Information 38
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 LT Foods – A Global FMCG Company Legacy Product Portfolio Expansion Most Loved Brands Market Capitalization Sustainable Growth Global Footprint Sustainability Initiatives 70+ years of Industry Experience ®, Royal, Golden Star, 817 Elephant, Ecolife, Heritage 5 years’ Revenue CAGR: 16% 5 years’ PAT CAGR: 21% Presence in 80+ countries (well-entrenched global distribution network) Keeping in pace with changing consumer preferences INR 14,000 crores+ (as on 30 Sep’25) Driving sustainability initiatives across the Value Chain Operational Excellence State-of-the-art facilities; Strengthening Supply Chain through Digital intervention & automation
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Our Global Distribution Network
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Our Value Creation Journey so far 2,780 4,773 5,451 6,979 7,822 8,770 3% 6% 6% 6% 8% 7% 13% 16% 16% 18% 22% 21% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 10 Years' Financial Highlights Revenue PAT % ROCE% BBB- (2013) BBB+ (2016) A- (2018) A+ (2021) AA (2023) Credit Rating Outlook *CRISIL & India Ratings
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Important Business Updates CVD Update Acquisition Update (Global Green) Crop Update
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Update on CVD The preliminary determination under the Countervailing Duty (CVD) concerning Ecopure Specialities Limited (a fellow subsidiary of LT Foods) has been received. Both Petitioners (local industry body) and Respondent (Ecopure Specialities Ltd.) have submitted their case briefs and rebuttals. A public hearing was held on September 16, 2025, where both parties presented their views before the U.S. Department of Commerce. The Final Determination has been extended by one month post-hearing and is now expected by November 17, 2025.
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Acquisition Update (Global Green) Strengthens LT Foods’ footprint across Central & Southern Europe Adds a third manufacturing hub in Hungary, improving regional presence Cross-distribution leverage across UK, Netherlands & Hungary Supply chain and cost efficiencies through local production Shared procurement, logistics, and R&D benefits Entry into the €15 billion European processed canned food market Complements existing RTE/ RTC packaged food offerings Adds an established €40 million revenue base Acquisition at an Enterprise Value of ~€25 million, to be largely debt – funded Enhances competitiveness, margins, and long- term growth potential Strategic Expansion Operational SynergiesCategory & Portfolio Diversification Financial Impact
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Crop Update Stable Production: Estimated output around 18.04 million tonnes, up 1–1.5% from 17.78 million tonnes in 2024, indicating balanced supply. Regional Dynamics: Strong sowing in Haryana and Madhya Pradesh; slight acreage moderation in Punjab and Uttar Pradesh due to rainfall variability and crop diversification. Price Update: Prices anticipated to remain largely stable year-on-year
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FINANCIAL HIGHLIGHTS H1 & Q2 FY2026
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Figures in ₹ crores unless specified Revenue* Gross Profit EBITDA EBIT PBT PAT *Revenue includes Revenue from Operations and Other Income H1 FY26 Financial Highlights • accelerated brand investments; • Growth across segments and geographies • % to revenue from 33.8% to 34.4% due to decrease in input costs • % to revenue from 12.2% to 11.7% due to increased spend on Brand and Strategic Initiatives 4,222 5,273 H1FY25 H1FY26 514 619 H1FY25 H1FY26 427 506 H1FY25 H1FY26 1,427 1,815 H1FY25 H1FY26 389 450 H1FY25 H1FY26 306 332 H1FY25 H1FY26 *Normalized Growth 15% (excluding Golden Star & US Tariff)
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Figures in ₹ crores unless specified Revenue* Gross Profit EBITDA EBIT PBT PAT *Revenue includes Revenue from Operations and Other Income Q2 FY26 Financial Highlights • accelerated brand investments; • Growth across segments and geographies • % to revenue from 34.1% to 34.2% due to decrease in input costs • % to revenue from 12% to 11.4% due to increased spend on Brand and Strategic Initiatives 211 256 Q2FY25 Q2FY26 2,134 2,772 Q2FY25 Q2FY26 727 948 Q2FY25 Q2FY26 256 316 Q2FY25 Q2FY26 191 228 Q2FY25 Q2FY26 151 164 Q2FY25 Q2FY26 *Normalized Growth 12% (excluding Golden Star & US Tariff)
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Other Financial Metrics Figures in ₹ crores unless specified Key Metrics H1 FY25 H1 FY26 Inventory Days 194 187 Trade Payable Days 28 43 Trade Receivable Days 29 29 Working Capital Days 195 174 Return on Capital Employed % 20.8 22.0 Return on Equity % 17.2 16.5 Interest Coverage (times) 11.1 9.0 Net Debt / EBITDA 0.79 0.46 Net Debt / Equity 0.22 0.14
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SEGMENTS BASMATI & OTHER SPECIALITY RICE ORGANIC FOOD AND INGREDIENTS RTH & RTC Period H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Revenue Share % 87% 87% 11% 11% 2% 2% Revenue (INR in Crs) 3,615 4,488 461 583 100 95 Revenue Growth % 9% 24%* (Normalized Growth 11.4% Excluding Golden Star & US Tariff) 41% 26% 8% -5%*** Volume Growth % 12.8% 23% - - Gross Margin % 32% 34% 43% 34%** 39% 34% EBITDA Margin % 13% 13% 12% 7%** -6% -10% LT FOODS INVESTOR PRESENTATION | Q2 FY26 Financial Highlights (Segmental) Figures in ₹ crores unless specified *supported by strong demand across geographies ** Higher initial costs due to commissioning of new plant at Europe *** Discontinuation of “Daawat Sehat” impacted sales growth
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BASMATI & OTHER SPECIALITY RICE
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Figures in ₹ crores unless specified OUR MOST LOVED BRANDS #1 Basmati brand in North America 2nd Largest Basmati brand in India Leading brand in Far East & Africa Regionally strong Basmati brand #1 Basmati brand in Canada #1 Jasmine brand in the USA Long-grain everyday Basmati Premium Basmati in the Middle East Everyday Basmati in the Middle East Staples in Middle East & India
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Segmental (H1 FY26) India North America Revenue Mix % 30% 46% YoY Growth % 13% 47% (16% Normalized Growth*) Highlights • MAT Sep’25 Market Share @ 26.1% with leadership in the Western region • HH penetration @ 56.2 lacs (MAT’25) (vs. 45.6 lacs (MAT’23)); • Leadership in majority of E-Comm / Quick-Comm platforms; • ‘Royal’ commands a 60% + Basmati rice import share; • ‘Golden Star’ now #1 Jasmine rice brand; Segmental Continental Europe + UK Middle East & Rest of the World Revenue Mix % 15% 9% YoY Growth % 31% -18% Highlights • 5-years revenue target of £100 million; • INR 28 crores of Branded revenue from Saudi Arabia (H1 FY26) LT FOODS INVESTOR PRESENTATION | Q2 FY26 Expanding Horizons, Maintaining Leadership *Excluding Golden Star consolidation & US Tariff
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Figures in ₹ crores unless specified Setting Higher Benchmarks For Our Basmati and Speciality Rice Business 3,550 3,954 4,440 5,775 6,537 7,279 4% 10% 5% 10% 6% 13% 3% 1% 3% 20% 9% -1% FY20 FY21 FY22 FY23 FY24 FY25 Revenue (INR in Crs) Volume YoY % Realisation YoY % 5 Year CAGR- Revenue-15% Volume-9% Realisation-6%
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ORGANIC FOODS & INGREDIENTS
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Purpose Driven, For a Better Tomorrow Figures in ₹ crores unless specified +30 years of industry experience +110,000 Ha organic farmland +INR 930 crores Revenue (FY25) (+13% CAGR in 5yrs) +11% EBITDA (FY25) 350 Agri Team Strength 80,000 Farming families association 135 Farming Group (ICS) Explore the tales of farming dedication & innovation: Humans of Organic We own 30% stake of the European organic foods brand, Leev LT FOODS INVESTOR PRESENTATION | Q2 FY26
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Pioneers of Indian Organic exports Figures in ₹ crores unless specified Share in India’s exports of organic flour We are the Leaders in most of the food categories we deal in 25 Countries which form our partner base Regions We Export to Our OfficesSourcing Partners USA Netherlands India India East Coast Africa Thailand +78% Share in India’s exports of organic rice +12% Share in India’s exports of organic food +85% Share in India’s exports of organic oil seeds +52% Share in India’s exports of organic pulses & lentils +21% Canada France Italy Australia New Zealand Germany South America Israel Eastern Europe United States LT FOODS INVESTOR PRESENTATION | Q2 FY26
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READY-TO-HEAT (RTH) & READY-TO-COOK (RTC)
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75 188 FY21 FY25 Revenue (INR in Crs) 23 RTH & RTC 2.5X LT FOODS INVESTOR PRESENTATION | Q2 FY26
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24 New Product launches: Continuous Innovation Strengthening Product Portfolio Enhancing Product Portfolio Eco -friendly Daawat Super Jute Bag LT FOODS INVESTOR PRESENTATION | Q2 FY26
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MARKETING INITIATIVES / UPDATES Q2 FY2026
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 World Biryani Day Celebrations Biryani Champions league 1st time in Jaipur & Indore Digital Campaigns Biryani GPT
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Biggest Influencer Campaign • Biggest Celebs • 10.1Mn Views , 8 Mn+ reach • Mega Content Creators • 15 Mn+ Views , 14 Mn+ reach • Standup Creators • 4 Mn Views , 3.5 Mn+ reach • Regional Mega Content Creators • 8 Mn Views , 7 Mn+ reach LT FOODS INVESTOR PRESENTATION | Q2 FY26
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Global Marketing Initiatives Meet & Greet SRK contest in Dubai Kuwait: Lulu World Food activity collaboration North America : Cultural Festival Events and Consumer Activations
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 People, Culture & Recognitions Global Manpower Talent Magnet Inclusion 6,500+ employee strength globally Equal Opportunity Employer 58% millennials & Gen Z (blend of ambition & experience)
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STRATEGY & OUTLOOK
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 BEING RESPONSIBLE • Embedding ESG in the culture of the organisation GROWTH • Further solidifying the CORE business • Widening distribution channel • Expanding product portfolio and entering newer geographies • Explore inorganic opportunities MARGIN EXPANSION CAPABILITY BUILDING • Digital Transformation • Focus on building People skills and talent pool • Building Economies of Scale • Adding efficiencies across the value chain • Driving premiumisation Continuing on the high-growth global FMCG business
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 India North America Europe (+UK) Middle East Basmati and Specialty Rice Market (est.) (INR in crs.) 50,000+ 35,000+ 7,500+ 40,000+ Expected Industry CAGR 7-9% 10-12% 4-6% 9-10% Categorical Growth • overall growth in Basmati rice and speciality rice categories; • Consumers’ movement from lower to higher price points in India; Factors Driving Growth Immigration • South Asian population migrating to western countries Preferences • Growth of Ethnic cuisine and increasing popularity of biryani, globally Indian FMCG market is estimated at ~$105bns, with an expected growth CAGR of 11%, driven by: • increased per capita consumption; • increased household penetration (fueled by improving retail reach) Opportunity Landscape for our Basmati and Specialty Rice Business
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Strengthening Brand Equity • Improve market share in India • Increase consumer acquisition Consumer Engagement For Trials Portfolio Expansion & NPDs Digitally-enabled Distribution Across Verticals • Increase revenue mix of NPD from 2% to 7% Extend into adjacencies • Further strengthen consumer reach and penetration Tapping Emergent and Big Opportunities Super Foods Regional Specialities Global Specialities Mass Media + Digital Presence + Activations Food Expressions & Recipes Festive Packs Consumer Promotions Activations War Room ‘Plan Central – Enable Local’ Auto Replenishment for efficient-serving Resolving Bottlenecks at points-of-sale Virtual Calling to reduce costs Credit financing to distributors cost optimisation Conversational Contextual Conventional Further strengthening brand recall for increased market share
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Compelling growth opportunities across geographies, expected to achieve EBITDA Margin of +14% in the next 4 years Expanding Product Portfolio and Product Premiumisation • Focusing on profitable growth, reflected in 5 years’ EBITDA CAGR of 16% and corresponding PAT CAGR of 21%; • Exploring multiple adjacent categories for expansion ~ right to win to expand share of consumer’s wallet; Deepening Distribution and entering Newer Geographies • Robust distribution network to drive consumer reach & penetration, and to further strengthen our franchise; • Strategic restructuring based on the ‘Theory of Constraints’ is geared towards achieving sustainable growth Identified Levers for Margin Expansion Distribution Reach (INDIA) 1,400+ Distributors 1,500+ towns 195,000+ outlets Strong focus on Quick Commerce, E- Commerce and Modern Trade partners ~ reflected in expanding and growing leadership in majority of E-Comm / Q-Comm platforms; Laying A Clear Path in Place for Future Growth Revenue Mix %
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Investing in Capabilities: Digital Transformation Build a ‘Smart & Intelligent Enterprise’ which can drive 1.5X ~ 2X BUSINESS VALUE • Enhance Stakeholder Experience • Create More Value For The Customer • Optimize & Rationalize Cost • Enhance Productivity • Bring More Transparency • Reduce Risks • Enable Compliances • More Controls & Agility • Enhance Safety • Enable Fast Decision Making • Enable ESG • Strong Brand Value • Better Market Position Enable Revenue Growth Improved EBITDA Strong Controls Enable Sustainability Stronger Financial Position Case Study: How LT Foods achieved 2x revenue growth with digital supply chain transformation
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 ESG Initiatives: Setting Global Precedents Read More About It Here
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 ESG Initiatives: Nurturing Goodness 1st Sustainability Report
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LT FOODS INVESTOR PRESENTATION | Q2 FY26 Shareholding Information Promoter Shares are Unencumbered * Share price as on 30th Sep 2025 (Closing Price: INR 405.60) BSE Ticker 532783 NSE Symbol LTFOODS Bloomberg LTFOODS:IN Market Capitalisation (₹ Crs)* 14,085 Free – Float share % 40.0% Free Float Market Cap (₹Crs) 5,634 Shares Outstanding (# in Crs) 34.7 Industry Consumer Foods Shareholder Information as on Sep 30, 2025 51.0% 7.1% 10.1% 9.2% 22.5% Promoters Mutual Funds FPIs / FIIs (Others) FIIs (SALIC) Others
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This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by LT Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contractor binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward -looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, Ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. LT FOODS INVESTOR PRESENTATION | Q2 FY26 Safe Harbour
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4 Ms. Monika Chawla Jaggia (Chief Corporate Development Officer) E-mail: monika.Jaggia@ltgroup.in Phone: +91 124-3055101 Website: https://ltfoods.com/ LT FOODS LTD. (CIN: L74899DL1990PLC041790) Registered Office Address: Unit-134, 1st Floor, Rectangle-1, Saket District Centre, Saket, New Delhi-110017 Corporate Office Address: 4th Floor, MVL I Park, Sector – 15 Gurugram – 122001