Multibagger Small-Cap Company Set to Tap USD 2 Billion Saudi Arabia Market
The company has announced its official entry into Saudi Arabia with the inauguration of a new office in Riyadh, to tap the U.S. $ 2 billion rice and rice based food market in Kingdom of Saudi Arabia (KSA).
LT Foods Ltd., a global Fast Moving Consumer Goods (FMCG) Company in the consumer food space, has announced its official entry into Saudi Arabia with the inauguration of a new office in Riyadh, to tap the U.S. $ 2 billion rice and rice based food market in Kingdom of Saudi Arabia (KSA).
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 plans to invest SAR 185 million in warehousing, stocks, and people over the next five years in the Kingdom. It is eyeing a revenue of SAR 435 million over the next five years. With Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, LT Foods is also gearing up to set up local manufacturing facilities in the Kingdom
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
LT Foods Ltd. is a leading global Fast Moving Consumer Goods (FMCG) company in the consumer food space. It is a leading player globally in the specialty rice and rice-based foods business for more than 70 years. The company sells its products in more than 80 countries across India, the U.S., U.K., Europe, the Middle East, the Far East and the Rest of the World. The company’s flagship brands include DAAWAT®, Basmati brands, Royal®.
Stock Price Performance
The stock price performance of LT Foods Ltd. has been exceptional, with YTD returns of 78.36 per cent, significantly outperforming the Nifty 50 index, which recorded a return of 11.41 per cent during the same period. The company, with a market capitalization of ₹12,650.42 crore, has delivered multibagger returns of 1470 per cent over the past five years.
Disclaimer: This article is for informational purposes only and not investment advice.