LT Foods

Name

LT Foods

Legal name

LT Foods Ltd.

Website

https://ltgroup.in

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Specialty Rice and Rice-based Foods

NAICS

Rice Milling (311212)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

International & Ethnic Packaged Foods (CRADAAAG)

akta.pro secondary industry

Online Grocery Delivery (DTC) (AFAIANAB)

Keywords

• Basmati rice
• Specialty rice products
• Organic food ingredients
• Ready-to-eat meals
• Branded FMCG food

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Basmati and Specialty Rice: Core revenue stream from basmati rice and specialty rice products under brands like Daawat, Royal, Heritage across global markets. Contributed 26% growth in 9M FY26 with normalized growth of 12% excluding tariff impacts and Golden Star acquisition.
2. Organic Food and Ingredients: Supplying organic food-ingredients to leading businesses and selling organic products in global markets. Includes dedicated organic facility in Rotterdam.
3. Ready-to-Eat and Cooking Convenience: Rice-based ready-to-eat products and cooking convenience solutions including RTE rice kits and flavored rice products.
4. Branded Consumer Products: Brand-led growth with premium products including ultra-premium Daawat Saffron Basmati Rice. Revenue growth projected at 13% CAGR through 2028.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

LT Foods is a global FMCG company that manufactures, processes, and sells branded basmati and specialty rice, organic food and ingredients, and ready-to-eat rice-based convenience products across 85+ countries. Its flagship brands include Daawat (India's most loved basmati brand) and Royal (North America's #1 authentic basmati brand), with operations spanning automated processing units in India, the US, and Europe supported by a 2,000+ distributor network.

Product overview

LT Foods is a billion-dollar global FMCG company and leading player in the specialty rice and rice-based foods business for over 70 years. The company operates with three core business segments: (1) Basmati and Other Speciality Rice - the foundational segment featuring flagship brands DAAWAT® (India's most loved Basmati brand) and Royal® (North America's #1 Authentic Basmati brand), alongside regional brands like Heritage, Golden Star (Jasmine), Devaaya, Indus Valley, 817 Elephant, Rozana, Leev, and Hadeel; (2) Organic Food and Ingredients - serving global markets with organic rice and ingredients through the Nature Bio Foods division; and (3) Ready To Eat and Cooking Convenience - a growing segment featuring rice kits (Daawat Thai Green Curry Rice Kit), ready-to-heat products (Royal Ready-To-Heat Cuban Black Beans & Seasoned Basmati Rice), and premium offerings like Daawat® Saffron Basmati Rice. The company delivers products to more than 85 countries with consolidated revenue of approximately Rs. 11,023 crores as of FY'26, supported by integrated farm-to-fork operations with automated processing units in India, the U.S., and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• DAAWAT: Flagship basmati rice brand, one of India's most loved and consumed basmati brands, endorsed by Bollywood star Shah Rukh Khan
• Royal
• Heritage
• Kari Kari
• Devaaya
• Ecolife
• Indus Valley
• 817 Elephant
• Rozana
• Leev
• Golden Star
• Hadeel

Products and services

• DAAWAT Basmati Rice India's most loved and consumed basmati rice brand, operating in over 85 countries. Available in various grades from everyday to premium varieties, targeting households seeking authentic, high-quality basmati rice for daily meals and special occasions.
• Royal Basmati Rice North America's most loved and #1 authentic basmati rice brand, targeting US consumers seeking premium quality basmati rice. The brand has significant market share in the US, which accounts for 46% of LT Foods' total revenue.
• Daawat Saffron Basmati Rice Limited-edition ultra-premium basmati rice infused with authentic saffron sourced from Jammu & Kashmir, available exclusively online. Targets discerning consumers seeking exclusivity and ultra-premium quality.
• Daawat Thai Green Curry Rice Kit Ready-to-cook rice kit featuring Thai green curry flavors, part of the Daawat Global Gourmet portfolio targeting consumers seeking convenient international cuisine at home.
• Royal Ready-To-Heat Seasoned Basmati Rice Ready-to-heat seasoned basmati rice products including Cuban Black Beans & Seasoned Basmati Rice and White Queso & Jalapeño Seasoned Basmati Rice, targeting North American consumers seeking convenient meal solutions. Won Food Network Magazine 2024 Supermarket Award for Best New Twist on Rice.
• Daawat I Am Organic Organic rice product line including organic Basmati and Sona Masoori varieties for health-conscious consumers seeking certified organic options.
• Golden Star Jasmine Rice The #1 authentic Jasmine rice brand in the United States, offering premium jasmine rice for North American consumers and foodservice customers.
• Heritage Basmati Rice Heritage basmati rice brand offering traditional Basmati rice varieties for consumers seeking authentic, time-honored rice quality.
• Organic Food and Ingredients (Nature Bio Foods) Business segment focused on organic food products and ingredients for global markets through the Nature Bio Foods division. Supplies organic food-ingredients to leading B2B businesses globally and sells organic products in consumer markets, backed by a dedicated Rotterdam organic facility.
• Basmati and Other Speciality Rice Core business segment covering basmati rice and specialty rice varieties including Heritage, Devaaya, Indus Valley, 817 Elephant, Rozana, Leev, and Hadeel brands across global markets. This is the foundational business contributing 26% growth in 9M FY26.
• Kari Kari Rice Snacks Rice-based snack and convenience food brand offering ready-to-eat rice-based snack products for consumers seeking convenient snacking options.
• Devaaya Basmati Rice Basmati rice brand focused on traditional quality varieties for consumers seeking authentic basmati rice experience.
• Ecolife Organic and Natural Foods Organic and natural food ingredients brand offering quinoa, organic grains, and health foods for health-conscious consumers.
• Rozana Everyday Rice Everyday rice brand targeting mass market consumers with affordable, quality rice for daily household consumption.
• Leev Rice and Food Products Rice and food products brand in LT Foods' diverse portfolio of consumer food brands.
• 817 Elephant Specialty Rice Specialty rice brand in LT Foods' portfolio targeting consumers seeking distinctive rice varieties.
• Indus Valley Rice Rice brand under the Gold Seal brand portfolio, part of LT Foods' diverse brand portfolio across markets.

Quantifiable outcome

• 24% YoY revenue growth to Rs 8,085 crore in 9M FY26
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core, strategic, operational and minor.

• KidZania IndiacoreGTM or Marketing Partner · 29 April 2026LT Foods partnered with KidZania India to launch the Daawat Factory, an immersive educational experience where children aged 4-14 role-play as Production Engineers navigating a simulated basmati rice processing line. The 25-minute session covers paddy procurement to packaging, with participants receiving a 200g Daawat Basmati pack and digital certificate upon completion. Described as a 'Purpose Partner' activation targeting younger demographics to build brand affinity from an early age.
• Punjab GovernmentstrategicStrategic or Co-development Partner · 23 April 2026LT Foods gave consent to establish a Centre of Excellence for Basmati rice in Punjab in collaboration with the state government, along with a pilot program for assured procurement and low-pesticide cultivation. The initiative aims to promote sustainable farming practices and reduce pesticide usage to meet international standards for Basmati rice in global markets.
• Dubai SubsidiaryoperationalOthers · 23 February 2026LT Foods announced incorporation of a wholly owned subsidiary in Dubai, UAE to support regional growth and expansion in Middle East and Africa markets, led by newly appointed COO Rohit Jaiswal.
• Global Green Europe KftstrategicStrategic or Co-development Partner · 15 October 2025LT Foods agreed to acquire Hungary-based Global Green Europe Kft for approximately €25 million to expand its presence in the European packaged food market. The deal involves acquiring Global Green's assets including production facilities and distribution entities, supporting LT Foods' growth strategy in packaged and ready-to-eat foods in Europe.
• Shah Rukh KhancoreGTM or Marketing Partner · 28 March 2025Bollywood superstar Shah Rukh Khan, described as 'the king of Bollywood,' partnered with LT Foods as brand ambassador for the Daawat basmati rice brand. The collaboration aims to reinforce Daawat's positioning of delivering exceptional food experiences and moments of joy to tables worldwide, leveraging Khan's status as an epitome of excellence.
• Sustainable Rice PlatformstrategicStrategic or Co-development Partner · 4 March 2025Royal and Golden Star brands are active members of the Sustainable Rice Platform, demonstrating commitment to sustainable rice production practices and environmental responsibility.
• Select Australian RestaurantsminorGTM or Marketing Partner · 2 July 2024DAAWAT brand partnered with select restaurants in Melbourne, Sydney, and Perth to celebrate 3rd edition of DAAWAT World Biryani Day, offering complimentary biryani prepared with DAAWAT rice to food lovers. Also launched AI-enabled personalized campaign with Chef Sanjeev Kapoor.

Scale indicators13 records

Recent moves9 records

Expansion highlights8 records

Direct peers

• KRBL Limited: India's largest basmati rice exporter and owner of the flagship India Gate basmati brand. Direct competitor across basmati and specialty rice in both Indian and global markets with overlapping customer base in retail and foodservice.
• Kohinoor Foods: Indian basmati and ethnic foods manufacturer competing directly with LT Foods in branded basmati both domestically and in export markets, including the Middle East and UK.
• Tilda Rice: UK-based specialist in premium basmati and specialty rice. Direct competitor in the European and UK markets where LT Foods also has significant share, particularly in mainstream grocery and foodservice.

Regional players

• SunRice (Ricegrowers Limited): Australia's largest rice company with branded and private-label rice products. Comparable in product mix (rice-led branded portfolio) but primarily serves Asia-Pacific markets rather than competing directly with LT Foods in basmati.

Broad incumbents

• Hindustan Unilever Limited: Largest Indian FMCG company with broad packaged-food and personal-care portfolio. Overlaps with LT Foods in Indian retail distribution, branded staples, and cross-category consumer occasions; serves as a benchmark for Indian FMCG scale and margins.
• Nestlé India: Indian subsidiary of Nestlé with a broad packaged-foods portfolio including Maggi noodles and a growing ready-to-cook/ready-to-eat range. Comparable as a packaged-food incumbent addressing the same convenience-meal occasions LT Foods targets with its RTE kits.
• McCormick & Company: Global leader in spices, seasonings, and flavor solutions. Comparable as a broad branded packaged-food incumbent operating globally across rice-adjacent categories, with overlapping retail relationships and similar premiumization playbook.
• Mars, Incorporated (Mars Food): Owner of Uncle Ben's / Ben's Original and Seeds of Change rice brands. Competes with LT Foods in US branded rice and ready-to-heat rice meals and represents the type of multinational incumbent LT Foods is challenging in convenience rice.
• B&G Foods: US packaged-food company with a portfolio of shelf-stable and specialty food brands. Comparable in operating model — multi-brand packaged-foods holding company serving US grocery — and competes with LT Foods in US branded rice and ethnic meals.

Emerging players

• Adani Wilmar (Fortune Foods): Indian FMCG major scaling a branded staples portfolio including rice, oil, and packaged foods. Comparable as a fast-growing Indian branded-staples peer overlapping in retail rice and adjacent grocery categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ltfoods
• YouTubeyoutube.com/@LTFoodsOfficial
• Facebookfacebook.com/LTFoodsOfficial
• LinkedInlinkedin.com/company/lt-foods
• Instagraminstagram.com/ltfoods_official?igshid=NzZlODBkYWE4Ng==

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LT Foods