This is the verbatim transcript of LT Foods management call with analysts.
Experts are of the view that if investors are planning to expand their portfolio or add more stocks, this is the right time to take their bets.
Net profit stood at Rs 33.15 crore in the year-ago period, the company said in a regulatory filing.
The company is extensively working on expanding its geographical footprints and product portfolio in these markets and plans to invest USD 20 million with increased sales from the current 5,000 tonnes to 30,000 tonnes in the branded segment over the next four years, it said in a statement.
LT Foods has launched a premium healthy snacks brand Kari Kari in joint venture with a Japanese company. In an interview to CNBC-TV18, Ashwani Kumar Arora, MD & CEO of the company spoke about this deal and his outlook going ahead.
LT Foods is in focus on the back of a steady Q1. In an interview to CNBC-TV18, Ashwani Kumar Arora, MD & CEO of the company discussed the Q1 performance.
The company has commenced operations at its first rice processing plant in Europe at Rotterdam, Netherlands.
Sandeep Wagle of powermywealth.com recommends buying Reliance Infrastructure, RCF and LT Foods.
L&T | Idea Cellular | ONGC | HPCL | Coal India | Sambhaav Media | Quess Corp | Merck | Assam Company | NHPC | Kohinoor Foods | LT Foods | KRBL | Adani Enterprises | Varun Beverages and BEML are stocks, which are in the news today.
"The company plans to grow by 15-20 percent year-on-year. If you add up next five years, we will be Rs 6,000-crore company", Ashwani Kumar Arora, Director & CEO of LT Foods told CNBC-TV18.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Max Ventures, Sail, Triveni Engineering, Aurobindo Pharma, Chennai Petro, Grasim, Tech Mahindra, Aptech, Sical, Harrisons Malayalam, MBL Infra, LT Foods, Torrent Power and NCC.
BHEL | Tata Steel | ACC | Ambuja Cements | Oberoi Realty | Idea Cellular | Bharti Infratel | Titagarh Wagons | Goa Carbon | Jet Airways | United Spirits | NBCC | Marksans Pharma | Caplin Point | Tube Investments | Honeywell Automation and Gujarat Gas are stocks, which are in the news today.
Speaking to CNBC-TV18, Ashwani Kumar Arora, CEO, MD & CFO of LT Foods said shipment to China might start in the next quarter.
LT Foods shares rallied 11 percent in early trade Wednesday on signing joint venture agreement for south India rice business.
Axis Bank | ICICI Bank | Lupin | Adani Enterprises | IL&FS Transportation | KEI Industries | Deep Industries | Jubilant Foodworks | VST Tillers | Future Consumer | LT Foods and Ess Dee Aluminium are stocks, which are in the news today.
Kishore Biyani-led Future Consumer Ltd has entered into a pact with LT Foods Ltd and Genoa Rice Mills Private Ltd for sourcing, marketing and distribution of rice.
The company's board has approved sub-division of its equity shares from Rs 10 to Re 1 per share.
Stocks in news: Bannari Amman Sugars | UPL | Ambuja Cements | Tata Global Beverages | JM Financial | Wheels India | Smartlink Network | LT Foods | VA Tech Wabag and ABB are stocks, which are in news today.
LT Foods today reported 9 per cent increase in consolidated net profit at Rs 25.01 crore for the second quarter ended on September 30, 2016.
Baba Ramdev‘s Patanjali Ayurved is betting big in the packaged rice space. It has plans to take on established players like LT Foods, Kohinoor and KRBL in the packaged rice segment with an aim of hitting Rs 1000 crore by next year.