LT Foods posts 14% jump in Q4 net profit

(20 second reading) LT Foods, owner of basmati rice brands ‘Daawat’ and ‘Royal’, on Friday posted a 14 % jump in consolidated net profit at Rs 150.24 crore (Rs 131.81 crore)for the fourth quarter of fiscal 2023-24 on robust sales.
Total income rose to Rs 2,091.73 crore during the January-March quarter of 2023-24, from Rs 1,834.95 crore in the same period a year ago.
For the full fiscal year 2023-24, LT Foods reported a 41.35 % increase in net profit at Rs 597.59 crore, compared with Rs 422.75 crore in the previous year.Total income rose to Rs 7,822.05 crore from R 6,978.81 crore a year earlier.