LT Foods (Daawat) Share Price Target: Friends, today we will talk about LT Foods (Daawat) Share Price Target 2024, 2025, 2026, 2030. Today we will try to know in which direction the performance of this company, which is the largest rice producer in the country, has the potential to go. There has been continuous growth in the business of the company for some time now, due to which every investor is expecting great growth in the business in the coming years also.
Today, along with a detailed analysis of the business of LT Foods, we will also look at the business opportunities within the company, which will give us some idea of how much LT Foods (Daawat) Share Price Target has the potential to show in the coming years. Let us analyze in detail:-
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Lt Foods Company Overview
| Market Capitalization | 6,016 Cr |
| P/E Ratio | 13.36 |
| Industry P/E | 51.23 |
| Debt to Equity | 0.44 |
| Dividend Yield | 0.58% |
| Return on Equity | 14.60% |
LT Foods Company Description
LT Foods Ltd., incorporated in the year 1990, is a Small-cap company (Market Cap – Rs 6089.08 Crore) operating in the FMCG sector.
For the quarter ending 31-12-2023, the company reported Consolidated Sales of – Rs 1949.69 Crore, down -2.11 % from last quarter’s Sales of – Rs 1991.81 Crore, and up 8.81 % from last year’s same quarter Sales of – Rs 1791.87. From Crore The company reported net profit after tax of Rs 140.97 crore in the latest quarter.
As of 31-12-2023, the company has a total of 35 shares outstanding.
L T Foods Limited was formed in 1990. The registered office of the company is located at Unit No 134 1st Fl Rectangle-1, Saket District Centre, New Delhi, New Delhi, 110017, 91-011-26857099, 91-011-26859344. LT Foods Limited company operates in the field of Food – Processing – India.
The auditors of LT Foods Limited are MSKA & Associates. The Chairman of the company is Vijay Kumar Arora and Monika Chawla Jaggia is the Company Secretary of LT Foods Limited.
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LT Foods (Daawat) Share Price Target Tomorrow Walletinvestor
| Date | Price | Min Price | Max Price |
|---|---|---|---|
| 2024-03-13 | 168.259 | 162.688 | 173.600 |
| 2024-03-14 | 168.736 | 163.014 | 174.156 |
| 2024-03-15 | 169.868 | 164.359 | 175.336 |
| 2024-03-18 | 167.118 | 161.127 | 172.674 |
| 2024-03-19 | 168.077 | 162.230 | 173.469 |
| 2024-03-20 | 165.128 | 159.607 | 170.529 |
| 2024-03-21 | 165.604 | 159.888 | 171.406 |
| 2024-03-22 | 166.737 | 161.525 | 172.597 |
| 2024-03-25 | 163.986 | 158.474 | 169.824 |
LT Foods (Daawat) Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | LT Foods (Daawat) Share Price Target |
|---|---|
| First Target 2023 | Rs 200 |
| Second Target 2023 | Rs 215 |
| First Target 2024 | Rs 240 |
| Second Target 2024 | Rs 260 |
| First Target 2025 | Rs 280 |
| Second Target 2025 | Rs 310 |
| First Target 2026 | Rs 350 |
| Second Target 2026 | Rs 370 |
| Target 2030 | Rs 700 |
LT Foods (Daawat) Share Price Target 2024
If seen along with India, LT Foods has been successful in expanding its business as a strong brand in the markets of almost 65+ countries across the world. However, if seen now, the company gets maximum revenue coming from the USA and India markets, in which the company gets about 36 percent revenue coming from the USA market and about 32 percent revenue coming from India.
In the coming few years, the company is seen working under a new strategy to rapidly expand its business to other countries and to increase its revenue, in which the company will market its products according to different geographical areas. Due to this LT Foods is gradually expanding its presence in different markets across the world.
In the coming time, as the company’s market will expand across the world if you look at LT Foods’ (Daawat) Share Price Target till 2024, you can see the first target showing very good growth at Rs 240. After that, you can have the second target profit of Rs 335.
LT Foods (Daawat) Share Price Target 2024 Table
| MONTH(2024) | MINIMUM SHARE PRICE | MAXIMUM SHARE PRICE |
|---|---|---|
| January | 210 | 240 |
| February | 216 | 248 |
| March | 222 | 255 |
| April | 230 | 268 |
| May | 240 | 275 |
| June | 255 | 285 |
| July | 265 | 292 |
| August | 272 | 305 |
| September | 280 | 312 |
| October | 285 | 320 |
| November | 290 | 328 |
| December | 290 | 335 |
LT Foods (Daawat) Share Price Target 2025
If we look at the distribution network of LT Foods across the country, it is seen to be very strong, even in small local shops, and shopping malls, the presence of the company’s products can be seen at all these places. If we look at LT Foods, the company’s products are available in more than 152,000 retail outlets across the country, with the help of which the company seems to be successful in maintaining a strong hold on a good market share in different product segments. Is giving.
For some time now, LT Foods has gradually increased its focus to expand its business with the help of an e-commerce platform. In the coming times, as the company will be seen expanding its products to new markets with the help of different distribution networks, there is every hope of seeing a huge jump in the sales of the company.
As the distribution network of the company becomes stronger, LT Foods (Daawat) Share Price Target will give you very good returns by 2025 and you can see the first target of Rs 300. And then you can stop for the second target profit of Rs 445.
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LT Foods (Daawat) Share Price Target 2025 Table
| MONTH(2025) | MINIMUM SHARE PRICE | MAXIMUM SHARE PRICE |
|---|---|---|
| January | 300 | 350 |
| February | 310 | 365 |
| March | 318 | 372 |
| April | 325 | 380 |
| May | 332 | 386 |
| June | 340 | 395 |
| July | 350 | 405 |
| August | 356 | 412 |
| September | 365 | 420 |
| October | 372 | 425 |
| November | 380 | 432 |
| December | 385 | 445 |
LT Foods (Daawat) Share Price Target 2026
Gradually, every year the demand for LT Foods’ products is increasing in different markets, due to which the company’s management is seen adding to its production capacity even after increasing it. Currently, the company has world-class manufacturing facilities in India, Europe, and America, with the help of which the company meets the demand for its products all over the world.
In the coming days, as the demand for the company’s products will be seen increasing in the market, the management says that wherever there is a need to increase its production capacity to meet the market demand, the company will set up new manufacturing facilities there. This is going to be visible, due to which the company can be seen meeting the market demand with great ease.
As the company continues to meet the increasing demand in the market, there is every hope of LT Foods (Daawat) Share Price Target earning very good returns by 2026 and showing the first target of Rs 1350. As soon as this target becomes profitable, you will see another target of Rs 1370.
LT Foods (Daawat) Share Price Target 2026 Table
| Year | LT Foods (Daawat) Share Price Target 2026 |
|---|---|
| First Target 2026 | Rs 1350 |
| Second Target 2026 | Rs 1370 |
LT Foods (Daawat) Share Price Target 2030
In the long run, LT Foods seems to be focusing the most on organic growth as well as inorganic growth to rapidly expand its business. To expand their business rapidly in new markets, companies are seen trying their best to establish their hold in that market by acquiring small companies related to their sector, due to which, if seen every year, new markets are being established. The presence of LT Foods is seen growing rapidly in India.
In the last few years, the company has been seen acquiring many small companies related to its sector, and in the coming years also, the management is fully committed to acquiring other companies related to its sector to expand its business in new markets. The plan is visible, due to which you may see a huge increase in the pace of business growth of the company in the coming years.
Considering the company’s business growth potential in the long run, there is every possibility of LT Foods (Daawat) Share Price Target earning excellent returns to the shareholders and the share price going up to around Rs 4700 by 2030.
LT Foods (Daawat) Share Price Target 2030 Table
| MONTH (2030) | MINIMUM SHARE PRICE | MAXIMUM SHARE PRICE |
|---|---|---|
| January | 2493 | 2638 |
| February | 2583 | 2836 |
| March | 2685 | 3072 |
| April | 2822 | 3132 |
| May | 2943 | 3354 |
| June | 3052 | 3493 |
| July | 3173 | 3605 |
| August | 3324 | 3716 |
| September | 3476 | 3902 |
| October | 3605 | 4137 |
| November | 3710 | 4583 |
| December | 3825 | 4926 |
LT Foods (Daawat) Share Price Target 2035
| MONTH (2035) | MINIMUM SHARE PRICE | MAXIMUM SHARE PRICE |
|---|---|---|
| January | 13898 | 14085 |
| February | 14112 | 14293 |
| March | 14284 | 14394 |
| April | 14395 | 14503 |
| May | 14470 | 14612 |
| June | 14580 | 14720 |
| July | 14664 | 14937 |
| August | 14785 | 15085 |
| September | 14893 | 15273 |
| October | 14980 | 15492 |
| November | 15094 | 15636 |
| December | 15275 | 15852 |
LT Foods History (Dividend)
| Date | Dividend Type | Dividend(Rs) |
|---|---|---|
| 18/06/2007 | Final | 1.00 |
| 14/08/2008 | Final | 1.50 |
| 15/09/2009 | Final | 1.00 |
| 23/09/2010 | Final | 1.50 |
| 14/09/2011 | Final | 1.00 |
| 16/09/2013 | Final | 2.00 |
| 01/09/2014 | Final | 2.25 |
| 10/09/2015 | Final | 2.00 |
| 09/09/2016 | Final | 1.50 |
| 08/09/2017 | Final | 0.15 |
| 17/09/2018 | Final | 0.15 |
| 20/09/2019 | Final | 0.15 |
| 20/02/2020 | Interim | 0.50 |
| 06/11/2020 | Interim | 0.50 |
| 09/02/2021 | Interim | 0.50 |
| 09/11/2021 | Interim | 0.50 |
| 10/02/2022 | Interim | 0.50 |
| 10/11/2022 | Interim | 0.50 |
| 09/08/2023 | Interim | 0.50 |
| 21/09/2023 | Final | 0.50 |
LT Foods Board of members
Chairman & Managing Director
Vijay Kumar Arora
Managing Director & CEO
Ashwani Kumar Arora
Managing Director
Surinder Kumar Arora
Company Sec. &Compli. officers
Monika Chawla Jaggia
Independent Director
Neeru Singh
Non-Exec. & Independent Dir.
Ambika Sharma
Lead Independent Director
Abhiram Seth
Director
Alrumaih Sulaiman Abdulrahman S
Independent Director
S C Gupta
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Future of LT Foods (Daawat) Share
To grow its business in the future, LT Foods is seen trying its best to launch new products in the market keeping in mind the needs of the customers and the trends coming in the market. For which the company is making every effort to understand the needs of the customers, the benefits of which will be visible to the company in the future.
At the same time, as the income level of the people is increasing and the lifestyle of the people is changing, due to this, people are getting attracted towards branded products more and more. Since LT Foods has a strong product portfolio of brands in different product segments, you will see its benefits in the future.
LT Foods Shareholding pattern
| June’22 | Sept’22 | Dec’22 | Mar’23 | June’23 | |
| Promoters | 56.81% | 56.81% | 56.81% | 51.00% | 51.00% |
| Retail | 38.20% | 36.09% | 34.79% | 41.12% | 39.68% |
| Mutual fund | 3.09% | 3.09% | 3.09% | 2.84% | 2.84% |
| FII | 1.90% | 4.01% | 5.31% | 5.04% | 6.48% |
| DII | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Multibagger Stock:
Those who invested in the shares of FMCG company LT Foods, which sells Basmati rice under the names Daawat and Royal, have tasted a lot of profit.
This multi-bagger share had given huge returns to long-term investors. In the year 2013, the share price of LT Foods was around Rs 7, which has now increased to Rs 163. Even today i.e. on Monday 25th September, the share of LT Foods is seeing a rise and till the time of writing this news, this share was trading at the level of Rs 163 with a rise of 3 percent on NSE.
However, in the last trading session i.e. last Friday, the company’s shares declined by 2.61 percent and the stock closed at Rs 158.30. The 52-week high of this stock is Rs 194.10 and the 52-week low is Rs 90. As per the latest shareholding pattern available with the stock exchanges, the promoters hold a 51 percent stake in the company.
49 percent stake is held by public shareholders. Among public shareholders, mutual funds hold 2.84 percent stake and foreign investors hold 5.93 percent stake. Retail investors have a major stake of 16.13 percent in the company.
The company is hopeful that business will strengthen. According to a report by Moneycontrol, LT Foods Limited expects that the convenience & health food product segment will strengthen the company’s growth. The company’s MD and CEO Ashwini Kumar Arora says that the company aims to generate 8 to 10 percent revenue from this segment in the next five years.
The company’s market share in India has increased to 29.8 percent in the quarter of the current financial year. In the first quarter, LT Foods’ revenue increased by 10 percent year-on-year to Rs 1789 crore. PAT increased by 44 percent to Rs 137 crore compared to a year ago.
Risk of LT Foods (Daawat) Share
Talking about the biggest risk in the business of LT Foods, if we look at the product segment in which the company works, then along with organized, the market share of unorganized companies is also seen to be quite high, due to which LT Foods will face huge losses in the coming times. You may have to face some difficulties in increasing your market share.
Talking about the second risk, the business of LT Foods sees a very good amount of revenue coming to the company from India as well as from abroad, due to which you are always going to see Forex risk in the company’s business.
My opinion:-
The way LT Foods is continuously seen building a strong position in the market in new categories one after the other, the future business of the company is looking very good. If you are a long-term investor and are thinking of investing in companies in the food sector, then in my opinion LT Foods seems to be a company with the potential to show excellent growth.
But keep in mind that before making any investment-related decision, do not forget to do a detailed analysis of the company yourself or take the advice of your financial advisor.
LT Foods (Daawat) Share Price Target F.A.Q.s
How will LT Foods Share look in the future?
LT Foods (Daawat) is seen continuously launching new product categories in its business and trying its best to establish a stronghold in new markets, due to which LT Foods Share is expected to rise in the future. She is looking very good.
When would it be right to invest in LT Foods Share?
Whenever you see a slight correction in LT Foods Share, then you can think of investing in small amounts for a long time.
Does LT Foods Share pay good dividends to its shareholders?
In terms of dividends, LT Foods Share pays dividends to its shareholders every year, but the dividend amount is very small.
Conclusion
I hope that after reading the article LT Foods (Daawat) Share Price Target 2024, 2025, 2026, and 2030, you will get detailed information related to the company’s business as well as in which direction the company’s performance has the potential to go in the coming years. You must have got the idea.
If you still have any questions related to this article, then do not forget to ask in the comments. For detailed information related to such stocks related to the share market, you can read our other articles also.