LT Foods: Market Brief **February 26, 2026** Shares of **LT Foods Ltd** are witnessing significant market attention following a major regulatory breakthrough in the United States. The U.S. Department of Commerce issued a final order on February 23, 2026, drastically reducing the countervailing duty (CVD) on organic soybean meal exports for its subsidiary, Ecopure Specialities Limited. The duty rate has been slashed from a provisional **340.27%** down to **75.48%**. This revision follows an administrative review of exports conducted during the 2023 calendar year. Financial Relief and Liability The sharp reduction in the CVD rate is a pivotal development for the company’s balance sheet. LT Foods has confirmed that this adjustment lowers its potential financial liability by approximately **Rs 163 crore**. Previously, the high provisional rate was based on "adverse facts available" (AFA) methodology, which applied to sales worth **Rs 50 crore** during the review period. The new, lower rate significantly improves the export competitiveness of the company’s organic segment in the North American market. Quarterly Performance Highlights The regulatory relief coincides with a period of robust operational growth. For the third quarter of FY2026 (ending December 2025), LT Foods reported: * **Revenue:** A **23.5%** year-on-year increase to **Rs 2,809.2 crore**. * **Net Profit:** Growth of **9.8%**, reaching **Rs 157.35 crore** compared to Rs 143.25 crore in the previous year. * **EBITDA:** Rose by **25.8%** to **Rs 314.32 crore**. * **Margins:** Operating margins expanded slightly to **11.19%**, up from 10.98%. The company, known for its flagship brands **Daawat** and **Royal**, continues to see strong demand in its core basmati rice segment, which has cushioned the impact of fluctuating commodity costs. Stock Market Momentum The equity markets have responded positively to these updates. In recent trading sessions leading into late February 2026, the stock has shown high volatility and upward momentum. As of February 25, 2026, the share price settled around **Rs 408.50**. Earlier in the month, the stock hit intraday highs near **Rs 420**, outperforming the broader agricultural products sector. Technical indicators show the stock trading above its 50-day and 100-day moving averages, reflecting a strengthening short-to-medium-term trend. Broader Export Context While the duty cut provides immediate relief, the **75.48%** rate remains a significant factor for export margins. This development comes at a time when Indian oilmeal exports have faced general pressure, with total soybean meal shipments experiencing volume declines due to competitive pricing from the U.S. and Brazil. However, the specific relief for LT Foods' organic subsidiary is expected to stabilize its niche export volumes to the U.S., where demand for organic feed continues to grow at an estimated **7%** annually. Investors are now monitoring how this reduced liability will reflect in the upcoming year-end audited financial statements.