News

US cuts duty on LT Foods arm's organic soybean exports; liability drops ₹163 croreThe US Department of Commerce has cut the countervailing duty on LT Foods’ subsidiary Ecopure Specialities’ organic soybean meal exports from 340.27% to 75.48%, reducing the company’s potential liability by ₹163 crore for 2023. Shares of LT Foods Ltd ended at ₹409, down by ₹0.25, or 0.061%, on the BSE.By Jomy Jos Pullokaran  February 25, 2026, 6:45:57 PM IST (Published)2 Min ReadFMCG firm LT Foods Ltd on Wednesday (February 25) said the United States Department of Commerce has revised the countervailing duty (CVD) rate applicable to Ecopure Specialities Limited, a step-down subsidiary of the company, for exports of organic soybean meal to the US.

In its final order dated February 23, 2026, the United States Department of Commerce reduced the CVD rate from 340.27% to 75.48%. The reduction lowers LT Foods’ potential liability by ₹163 crore.

Earlier, the United States Department of Commerce had initiated an administrative review of the CVD order for the period January 1, 2023, to December 31, 2023. During the review, the ‘adverse facts available’ (AFA) methodology was applied to Ecopure, resulting in a provisional CVD rate of 340.27% on sales worth ₹50 crore for the period.

Also Read: LT Foods cancels Global Green Group acquisition following Hungary's rejection

Third quarter results

LT Foods reported a 9.8% year-on-year increase in net profit for the third quarter, with profit after tax rising to ₹157.35 crore compared with ₹143.25 crore in the corresponding quarter last year.

The company recorded strong growth in revenue during the quarter. Revenue increased 23.5% year-on-year to ₹2,809.2 crore, up from ₹2,274.8 crore in the same quarter of the previous financial year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also showed a healthy rise. EBITDA grew 25.8% year-on-year to ₹314.32 crore in the December quarter, compared with ₹249.81 crore reported a year earlier.

The improvement in operating performance was reflected in margins as well. The EBITDA margin stood at 11.19% during the quarter, compared with 10.98% in the corresponding quarter last year, indicating a marginal expansion on a year-on-year basis.

Also Read: LT Foods Q2 Result: Profit rises 10% YoY; revenue jumps to ₹2,766 crore

On a year-on-year comparison, the growth in net profit tracked the rise in revenue and EBITDA during the quarter. Higher revenue and improved operating performance contributed to the increase in profitability for the period.

Shares of LT Foods Ltd ended at ₹409, down by ₹0.25, or 0.061%, on the BSE today, February 25.Continue Reading(Edited by : Shoma Bhattacharjee)TagsLT Foodsshare market today