LT Foods Limited,formerly known as LT Overseas,leading processor and exporter of packaged rice under the flagship brand 'Daawat',announces its unaudited second quarter and first half results for fiscal 2011. Commenting on the result,Vijay Arora,CMD,LT Food Ltd said: LT Foods had an impressive quarter,as demonstrated by our growth in volumes and profitability. However,we have seen a dip in H1 FY2011. This has been due to fall in rice demand in European countries,for which the whole sector has been affected. Still we have performed better in comparison to other industry players in this challenging environment as our consumer pack sale in Domestic market has gone up by 20%. He further added Moving with strategic intent and taking initiatives at different level,we are focusing on branded and more stable segments. We are diversifying and making investments in new avenues."
