LT Foods Limited has informed the Exchange about Transcript
LTFOODS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LT Foods held a conference call to address a preliminary countervailing duty (CVD) of 340% imposed by the US Department of Commerce on its fellow subsidiary Ecopure Specialities for organic soybean meal exports covering the 2023 period only. The duty impacts INR50 crore of 2023 sales; soybean exports to the US were INR47 crore in FY25, just 0.5% of LT Foods' consolidated revenue of INR8,770 crore. Management expects the 340% rate to drop to around 3% once their data is reviewed, with a final ruling expected in December 2025. Maximum financial exposure if they exit is only INR4-5 crore, and the company plans to shift operations to its Uganda facility to bypass the duty. Management also confirmed no Iran exposure, no impact from current basmati price declines, and that Golden Star associate consolidation in FY26 will eliminate ~INR50 crore of other income (inventory management fees).
The US duty is preliminary, applies to a very small portion of revenue (under 1%), and management expects it to be significantly reduced on final review. Limited near-term impact on stock; investors should watch the December 2025 final ruling for confirmation, but the company's diversified sourcing and small exposure minimize the risk.