LT Foods Limited — Credit Ratings, 28-07-2025: Credit Rating

LT Foods' long-term rating is reaffirmed at Crisil AA-, with the outlook revised from 'Stable' to 'Positive'. The short-term rating of Crisil A1+ is also reaffirmed. This positive shift reflects expected continued improvement in business risk, driven by the group's strong market position in basmati rice, robust brand recall, and broad global presence. The company saw strong operating income of Rs 8,769 Cr in FY25, up from Rs 7,816 Cr in FY24, with revenue expected to grow 12-15% in FY26. Financial health remains strong, with a debt-to-EBITDA ratio of 0.7x and networth around Rs 3,750 Cr as of March 31, 2025. This improved outlook enhances investor confidence and signals better borrowing terms ahead, giving LT Foods more strategic flexibility.