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.
| Company Name | CMP |
|---|---|
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| Nestle | 1476.55 |
| Britannia Inds | 5834.55 |
| LT Foods | 425.10 |
| Hatsun Agro Product | 954.45 |
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