Key Points
BENGALURU, July 28 (Reuters) - India's LT Foods (LTOL.NS), which sells Daawat basmati rice, reported a 53% surge in quarterly profit on Friday, helped by robust demand for its packaged rice and strong export prices...
Consolidated revenue from operations rose more than 10% to 17.78 billion rupees, spurred by a 24% year-on-year growth in the company's core basmati and other specialty business...
Its total expenses rose only about 9% in the quarter, which helped boost margins.. LT Foods, which gets 65% of its revenue from exports has benefited from export prices climbing to a five-year high by end-June, driven by tight supplies and the government's move to raise support prices for the key crop in early June...
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