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Informist, Wednesday, Feb. 25, 2026

--Crisil ups LT Foods long-term rating to 'AA' for INR 8.8 bln bank loan 

MUMBAI – Crisil has upgraded its long-term rating for LT Foods Ltd.'s bank loan worth INR 8.80 billion to 'AA' from 'AA-' and changed the outlook to stable from positive. It kept the rating for the company's short-term bank loans at 'A1+'.

"The rating upgrade reflects sustained improvement in the business risk profile, driven by the group's strong market position in the basmati rice industry, healthy brand recall, diverse geographical presence in over 80 countries and established distribution network," Crisil said in release.

The ratings agency expects the LT Foods group's revenue to rise 5-10% in the financial year 2026-27 (Apr-Mar) on strong demand for its products. The agency said the company managed to fully pass on the 50% tariff to customers in the US, reflecting strong demand. "The group has reported continuous growth in revenue while reducing dependence on external debt, indicating improving sales efficiency and lower leverage," the agency said.

For the quarter ended December, the company's consolidated net profit was INR 1.57 billion on revenue of INR 28.09 billion. On Wednesday, its shares closed at INR 408.50 on the National Stock Exchange, down marginally from Tuesday.  End

Reported by Anshul Choudhary

Edited by Akul Nishant Akhoury

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