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LT Foods Ltd, an established name in the Indian food industry, is synonymous with premium-quality rice products, particularly basmati rice, which it has been offering since its inception in 1990. Today, it stands as a prominent player in the market, specializing in processing, packaging, and exporting rice and various other food items to both domestic and international consumers. With well-recognized brands like Daaawat and Royal under its belt, LT Foods has successfully carved out a niche for itself in the ever-competitive food sector. As of October 24, 2024, the LT Foods Share Price on NSE stands at ₹352.00 INR. In this article, we delve deeper into LT Foods’ potential share price targets from 2024 through 2030, along with comprehensive analysis and valuable insights.
LT Foods Ltd: Market Overview
- Open Price: ₹410.15
- High Price: ₹414.95
- Low Price: ₹343.30
- Previous Close: ₹406.25
- Volume: 4,009,945
- Value (Lacs): ₹14,123.03
- VWAP: ₹371.68
- UC Limit: ₹487.50
- LC Limit: ₹325.00
- P/E ratio: N/A
- Div yield: N/A
- 52-wk high: ₹447.95
- 52-wk low: ₹150.35
- Mkt cap: ₹14.11KCr
- Face Value: ₹1
LT Foods Ltd Competitors
In the competitive landscape of the food processing industry, LT Foods Ltd faces rivalry from several other companies. Here’s a list of notable competitors and their approximate market capitalizations:
- Patanjali Ayurved Ltd
- Market Capitalization: Not publicly listed (estimated valuation around ₹25,000 crores)
- Kellogg India Pvt Ltd
- Market Capitalization: Part of Kellogg Company (NYSE: K), with a market cap of around $23 billion (~₹1,90,000 crores)
- Basmati Rice Co. (Tilda)
- Market Capitalization: Part of the privately held Tilda Group
- Agro Tech Foods Ltd
- Market Capitalization: Approximately ₹1,300 crores
- Dabur India Ltd
- Market Capitalization: Approximately ₹1,00,000 crores
LT Foods Share Price Chart
LT Foods Share Price Target Tomorrow 2024 To 2030
| LT Foods Share Price Target Years | Share Price Target |
| 2024 | ₹445 |
| 2025 | ₹723 |
| 2026 | ₹978 |
| 2027 | ₹1242 |
| 2028 | ₹1515 |
| 2029 | ₹1768 |
| 2030 | ₹2036 |
LT Foods Share Price Target 2024
For 2024, the expected share price target for LT Foods is projected to be around ₹445. Several crucial factors are poised to influence the company’s growth trajectory:
- Demand for Basmati Rice: Global demand for high-quality basmati rice stands as a primary growth driver for LT Foods. The trend toward premium and healthier culinary options is likely to increase both domestic and international sales.
- Expansion of Product Line: LT Foods is actively diversifying its portfolio by incorporating organic and health-oriented food items. This strategy could attract new consumers who are increasingly health-conscious, thereby boosting profits.
- Sustainability Practices: The company’s embrace of sustainable farming and manufacturing practices not only bolsters its brand appeal but likely attracts environmentally aware consumers. Green production methods can further contribute to cost-efficiency, enhancing overall growth.
LT Foods Share Price Target 2025
Looking ahead to 2025, the anticipated LT Foods share price target could reach ₹723. Factors influencing this upward trajectory include:
- Market Expansion Strategies: LT Foods’ focus on bolstering its presence, particularly in international markets, can potentially result in increased export volumes and revenue growth.
- Technological Advancements: By adopting cutting-edge processing and packaging technologies, LT Foods can enhance operational efficiency while ensuring superior product quality. This can help reduce costs and ramp up production capabilities.
- Consumer Trends and Preferences: The market is witnessing a growing preference for organic and nutritious food products which LT Foods is well-positioned to capitalize on through innovative product offerings.
LT Foods Share Price Target 2030
By 2030, a likely target for LT Foods share price is ₹2036. However, there are several risks and challenges that must be navigated:
- Fluctuations in Raw Material Prices: LT Foods relies significantly on agricultural goods, and fluctuations in their prices due to external factors (e.g., climate variability) can impact profitability.
- Intense Competition: The food processing space is fiercely competitive, and LT Foods must ensure brand loyalty while differentiating its products to maintain market share.
- Regulatory Challenges: Compliance with evolving food safety regulations and quality standards presents an operational challenge that could influence costs and the company’s reputation.
LT Foods Ltd Shareholding Pattern
- Promoter: 51%
- Retail and Other: 35.19%
- FII: 8.04%
- Mutual Funds: 4.65%
- DII: