Introduction:
A leading FMCG stock from India, has launched DAAWAT® Jasmine Thai Rice, a Non-GMO certified Thai Hom Mali rice, enhancing its global gourmet offerings in the Indian market. Sourced directly from Thailand, this rice is celebrated for its distinct aroma and soft texture.
Share Price movement of LT Foods:
On December 17, 2024, LT Foods (NSE : LTFOODS) opened at ₹421.20 and saw a high of ₹432.00 and a low of ₹419.20. It closed at ₹425.50, marking a 1.86% increase from the previous close of ₹417.75, with a market cap of ₹14,775.61 crore.
LT Foods share price rise:
LT Foods Limited, a global FMCG company from India, has introduced DAAWAT® Jasmine Thai Rice to the Indian market. This Non-GMO certified gourmet product is authentic Thai Hom Mali rice, known for its distinct aroma and soft texture, sourced directly from Thailand.
The introduction of DAAWAT® Jasmine Thai Rice reflects LT Foods’ commitment to bringing global culinary experiences to Indian consumers. This product addition aims to meet the growing demand for diverse and international flavors, enhancing the company’s gourmet food portfolio and catering to evolving consumer preferences.
DAAWAT Jasmine Thai Rice is now available nationwide on major E-Commerce platforms like Amazon, Blinkit, Zepto, Big Basket, Swiggy Instamart, and in selected gourmet stores. Its versatility is celebrated, pairing well with both traditional Thai curries and various fusion dishes, making it a desirable choice for lovers of Thai and oriental cuisines.
Recent news About LT Foods:
LT Foods reported a 4.22% decrease in net profit to Rs 150.61 crore for the September 2024 quarter, down from Rs 157.26 crore previously, as rising expenses and global shipping disruptions offset revenue growth, per a regulatory filing.
Stock performance of LT Foods for Period of 1 week, 6 months and 1 year:
Over the past week, LT Foods’ stock declined by 2.12%. However, over the last six months, it exhibited a robust increase of 59.5%. Impressively, the one-year return stands at 104%, highlighting significant long-term growth despite short-term fluctuations.
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Shareholding pattern of LT Foods:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 51 | 51 | 51 |
| FII | 8.03 | 5.9 | 5.14 |
| DII | 5.8 | 5.7 | 4.1 |
| Retail & others | 35.2 | 37.4 | 39.8 |
About LT Foods:
LT Foods is a prominent global FMCG company from India, specializing in premium rice products like the renowned DAAWAT® brand. The company focuses on delivering high-quality, Non-GMO certified rice, catering to diverse culinary preferences across domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
