Q1 2025 LT Foods Ltd Earnings Call Transcript
Key Points
- Consolidated revenue for Q1 FY25 increased by 17% to INR2,888 crore compared to INR1,789 crore last year.
- Gross profit grew by 16%, with EBITDA for the quarter rising by 15% year-on-year to INR258 crore.
- Return on capital employed improved to 20.8% from 19.4% in Q1 FY24, and the debt to equity ratio declined from 0.4 times to 0.2 times.
- International business grew by 17%, with positive demand trends expected to continue.
- The company has appointed a distributor in Saudi Arabia, aiming to strengthen its presence in the Middle East market.
- Gross profit margin decreased by 30 basis points from 33.8% to 33.5% due to increased input costs.
- Logistic costs as a percentage of revenue increased by 1.5% compared to Q1 of last year.
- The impact of higher freight charges is expected to continue for at least one more quarter.
- The ready-to-eat segment in India has not picked up as well as expected, particularly the Kappa product.
- The company faces challenges in the Saudi market due to strong local competition and the need to establish a stronger distribution network.
Ladies and gentlemen, good day, and welcome to LT Foods Limited Q1 FY25 earnings conference call hosted by Systematix Institutional Equities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Himanshu Nair from Systematix Institutional Equities. Please go ahead, sir.
Yeah thanks, Laiba and good afternoon, everyone, and welcome to LT Foods 1Q 2025 call. I would like to welcome the management on the call today. We have with us, Mr. Ashwani Arora, MD and CEO, Mr. Satish Gupta, CFO, and Ms. Monica Chawla, VP, Financial Strategy. We'll start with opening comments on the quarter gone by and the outlook ahead by the management, followed up with a Q&A session post that.
So without further ado, I would like to hand over the call to Monica ma'am. Over to you, ma'am.
Thank you, Himanshu. Good evening, everyone, and thank you for joining us
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