LT Foods: Riding the Change in India's Food Shopping Trends

LT Foods 2Q: Growth Pangs, Leverage Pains, Dilution Risk, But Still Our Pick to Play India Staples

Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

<p>In this note we review the 9m-FY18 performance of the listed players in the Indian branded rice &amp; processing ector.</p><p>The companies covered are - <a href="https://www.smartkarma.com/entities/5178" target="_blank" data-smartkarma-citation="entities:5178:1">Krbl Ltd (KRB IN)</a>, <a href="https://www.smartkarma.com/entities/19024" target="_blank" data-smartkarma-citation="entities:19024:1">Chaman Lal Setia Exports (CMLTX IN)</a>, <a href="https://www.smartkarma.com/entities/13353" target="_blank" data-smartkarma-citation="entities:13353:1">Kohinoor Foods Ltd (KFL IN)</a>, <a href="https://www.smartkarma.com/entities/20784" target="_blank" data-smartkarma-citation="entities:20784:1">LT Foods Ltd (LTFO IN)</a></p><p>Note - We will be submitting a follow-on review post q4-FY18 results.</p><p><strong>1. Summary -</strong></p><table class="table table-striped"><tbody>
<tr>
<td>Net Sales</td>
<td>Q3-FY18 YoY</td>
<td>Q3-FY18 QoQ</td>
<td>9M-FY18 YoY</td>
<td>9M-FY18 (Rs. Mn.)</td>
</tr>
<tr>
<td>Chaman Lal Setia Exports Ltd.</td>
<td>69%</td>
<td>7.44%</td>
<td>52.8%</td>
<td>                        5,447</td>
</tr>
<tr>
<td>Kohinoor Foods Ltd.</td>
<td>-7%</td>
<td>5.31%</td>
<td>-13.6%</td>
<td>      </td>
</tr>
</tbody></table>…

In this note we review the 9m-FY18 performance of the listed players in the Indian branded rice &amp; processing ector.The companies covered are - Krbl Ltd (KRB IN), Chaman Lal Setia Exports (CMLTX IN), Kohinoor Foods Ltd (KFL IN), LT Foods Ltd (LTFO IN)Note - We will be submitting a follow-on review post q4-FY18 results.1. Summary -

Net Sales
Q3-FY18 YoY
Q3-FY18 QoQ
9M-FY18 YoY
9M-FY18 (Rs. Mn.)


Chaman Lal Setia Exports Ltd.
69%
7.44%
52.8%
                        5,447


Kohinoor Foods Ltd.
-7%
5.31%
-13.6%
      

…

India Sector Capsule - Branded Rice & Processors