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LT Foods enters into Saudi Arabia with inauguration of new office in Riyadh

26 Nov 2024 Evaluate

LT Foods has officially entered into Saudi Arabia with the inauguration of a new office in Riyadh, to tap the $2 billion rice and rice-based food market in Kingdom of Saudi Arabia (KSA). The move is part of the company’s strategic vision of expanding its global footprint to newer geographies. Today, LT Foods generates $1 billion in global revenue, demonstrating an established track record of sustained Year-on-Year (YoY) profit growth. It has delivered 18 years of Revenue CAGR of 18% and a Profit CAGR of 21%.

With its new office in Riyadh, the company is set to revolutionize the rice market in Saudi Arabia and meet consumers' growing demand for authentic and premium rice and rice-based food products. The new office will act as a hub for LT Foods’ regional operations, enabling the company to leverage its deep expertise in rice and rice-based food products that align with Saudi Arabian consumers' tastes and culinary traditions.

LT Foods is a branded specialty foods company. It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.


LT Foods Share Price

438.25 -12.90 (-2.86%)
27-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Nestle India 1449.50
Varun Beverages 419.70
Britannia Industries 5296.10
LT Foods 438.25
Hatsun Agro Product 1155.50
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