LT Foods, owner of basmati rice brands Daawat and Royal, on Thursday reported a 4.22 per cent drop in net profit for the September 2024 quarter as higher expenses offset revenue growth amid global shipping disruptions. The company’s consolidated net profit fell to Rs 150.61 crore in the second quarter ended September 30 from Rs 157.26 crore a year earlier, according to a regulatory filing.
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