Daawat

Gurugram, India Founded: 1998 • Age: 28 yrs Listed
Basmati rice is manufactured and distributed worldwide by Daawat.

About Daawat

Daawat is a publicly listed company based in Gurugram (India) founded in 1998 by Vijay Kumar Arora. It operates as a basmati rice is manufactured and distributed worldwide by Daawat. The company has 1,193 employees. Its website daawat.com draws about 21 thousand monthly visits. Its Indian entity Lt Foods Limited reported revenue of ₹11,023 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Grocery & Staples and Cereal Grains and Flour. Its competitors include Kohinoor Foods, Radikal, Sarveshwar, Bush Foods Overseas and Vajrateja and 2 more; 1 of its 7 listed competitors has raised funding.

Company details

Daawat was established in 1998 in Gurugram, India, as a basmati rice manufacturer within the food sector. Products are produced and supplied through online retailers, organized retail outlets, and independent stores. Availability extends to 60 countries globally, with operations focused on rice processing and international distribution. The company was founded by Vijay Kumar Arora.

  • Headquarters Gurugram, India
  • Employees 1,193
  • Founders Vijay Kumar Arora
  • Stage Public
  • Sectors
    Consumer
  • Phone
    •••• ••••
  • Website daawat.com
  • Social X Facebook
  • Legal Name Lt Foods Limited
  • Date of Incorporation 16 Oct, 1990
  • Jurisdiction New Delhi, Delhi, India
Key Metrics
  • Market Cap
    ₹14,059 Cr

    LTFOODS · NSE

  • Share Price
    ₹404.85

    -3.06% today

  • Revenue
    ₹10,946 Cr

    FY 2025-26 · +26.1% YoY

  • EBITDA
    ₹1,159 Cr

    Margin 10.6%

  • Net Profit
    ₹616 Cr

    FY 2025-26 · +2.3% YoY

  • P/E (TTM)
    22.7x

    P/B 3.2x

  • ROE
    14.9%

    ROCE 17.0%

  • Debt / Equity
    0.34

    Interest cover 14.3x

  • Investors
    SALIC

    & 1 more

  • Employee Count
    1,193

Funding Insights of Daawat

  • Total Rounds 2
  • Investors Count 2

All 2 funding rounds of Daawat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2020–Private Equity Round–SALIC
–
Dec 2009–Private Equity Round––
Valuation history

2 investors in total: 2 institutional.

Investors in Daawat

Daawat has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SALIC and Rabo Equity Advisors.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Investment and finance are provided for agriculture and livestock sectors.
2012salic.comRiyadh, Saudi Arabia
Manages diversified investment funds and portfolios for clients.
1972raboequity.comDelhi, India
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Investor details for Daawat

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Lt Foods Limited (Daawat)

Lt Foods Limited is the primary company behind Daawat. The board of Lt Foods Limited currently have 10 directors; the longest-serving is Vijay Kumar Arora, appointed in 2004. 17 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vijay Kumar Arora
DIN 00012203
Managing Director29 Sep 200422 yrsLt Foods Limited
Ashwani Kumar Arora
DIN 01574773
Managing Director22 Jun 200719 yrs 3 moLt Foods Limited
Surinder Kumar Arora
DIN 01574728
Managing Director22 Jun 200719 yrs 3 moLt Foods Limited
Ambika Sharma
DIN 08201798
Director10 Mar 20215 yrs 7 moLt Foods Limited
Abhiram Seth
DIN 00176144
Director22 Jul 20215 yrs 2 moLt Foods Limited
Alrumaih Sulaiman Abdulrahman S
DIN 09091328
Director28 Feb 20233 yrs 7 moLt Foods Limited
Raju Lal
DIN 10347298
Director25 Jan 20242 yrs 8 moLt Foods Limited
Ashok Kumar Arora
DIN 02259429
Whole-time director08 Apr 20266 moLt Foods Limited
Rima Gupta
DIN 00360408
Director08 Apr 20266 moLt Foods Limited
Raj Kumar Jain
DIN 01741527
Director14 May 20265 moLt Foods Limited

People of Daawat

1 people are tracked at Daawat (1 in leadership); the tracked headcount is 1,193.

NameRoleGroup
FounderLeadership
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Complete people profiles for Daawat

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  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Daawat

Daawat is a publicly listed company on the NSE with ticker symbol LTFOODS in India, operating in the FMCG sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: LTFOODS
  • Listed entityLt Foods Limited
  • Exchange sectorFMCG

Financials of Daawat

Exchange-reported figures of Lt Foods Limited, the listed company behind Daawat (NSE: LTFOODS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹10,946 Cr
+26.1% YoY
EBITDA
₹1,159 Cr
+18.4% YoY
Profit After Tax
₹616 Cr
+2.3% YoY
Net Worth
₹4,520 Cr
+17.3% YoY
Total Assets
₹6,423 Cr
+21.7% YoY
Total Debt
₹1,610 Cr
+27.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10,9468,6817,7726,9365,4274,6444,135
Revenue growth+26.1%+11.7%+12.1%+27.8%+16.9%+12.3%-
EBITDA1,159978938701592552463
EBITDA margin+10.6%+11.3%+12.1%+10.1%+10.9%+11.9%+11.2%
Profit before tax866822801563424398277
Net profit616602592399292273187
Net profit margin+5.6%+6.9%+7.6%+5.8%+5.4%+5.9%+4.5%
EPS (₹)18.0117.4317.0911.609.138.575.77
Balance sheet
Total assets6,4235,2794,4964,0323,4823,4733,377
Net worth4,5203,8543,3722,7571,9981,7551,481
Total debt1,6101,2619171,2211,3201,5701,764
Cash & bank33714450.3438.9939.1429.9724.92
Net working capital3,8913,3302,8482,6612,2912,3112,191
Cash flow
Cash from operations910462757258517445477
Cash from investing(693)(219)(201)(395)(145)(101)(83.44)
Cash from financing(127)(150)(538)136(358)(346)(404)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1522,9072,8092,7662,4642,2282,2752,108
Revenue growth (YoY)+27.9%+30.4%+23.5%+31.2%+19.0%---
Other income10.3630.943.867.5843.2336.4917.4535.10
EBITDA354267314309265258250229
EBITDA margin+11.2%+9.2%+11.2%+11.2%+10.8%+11.6%+11.0%+10.9%
Depreciation74.0669.7862.8859.8852.3553.1145.7944.83
Interest40.2839.9034.9528.0327.9925.7123.6519.58
Profit before tax250189220229228216198200
Tax66.4652.9063.0265.2759.8055.4252.4649.36
Net profit183136157164168161145151
EPS (₹)5.283.914.534.724.854.624.134.27
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0404,0854,0203,9152,8402,3832,350
Revenue growth-1.1%+1.6%+2.7%+37.8%+19.2%+1.4%-
EBITDA291257239227180184171
EBITDA margin+7.2%+6.3%+6.0%+5.8%+6.4%+7.7%+7.3%
Profit before tax307269211211149146113
Net profit23620915916011210685.42
Net profit margin+5.8%+5.1%+4.0%+4.1%+3.9%+4.5%+3.6%
EPS (₹)7.016.114.604.623.513.332.66
Balance sheet
Total assets2,0741,9411,7791,6251,3481,3561,445
Net worth1,9221,8011,6931,5671,044966871
Total debt13312473.0946.53295382568
Cash & bank61.0166.6820.008.6219.2214.364.85
Net working capital1,1881,1711,1531,0119439681,058
Cash flow
Cash from operations21125276.80127186273200
Cash from investing(57.89)5.86(20.81)(232)(31.14)(37.74)(0.33)
Cash from financing(159)(212)(39.03)94.11(147)(234)(201)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1729101,0631,0171,0519711,0441,016
Revenue growth (YoY)+11.6%-6.3%+1.8%+0.0%-0.3%---
Other income4.0229.456.7840.3211.176.9427.9832.71
Total expenses1,056836962956995910980963
EBITDA11674.7710160.5055.1061.4664.3353.14
EBITDA margin+9.9%+8.2%+9.5%+6.0%+5.2%+6.3%+6.2%+5.2%
Depreciation14.2412.7910.9611.299.7211.289.609.66
Interest11.068.438.114.636.477.345.642.54
Profit before tax94.4083.0088.7984.9050.0849.7877.0773.65
Tax24.2513.9222.6213.6413.1011.6814.8012.55

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 20 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1522,9072,8092,7662,4642,2282,2752,108
Revenue growth (YoY)+27.9%+30.4%+23.5%+31.2%+19.0%---
Other income10.3630.943.867.5843.2336.4917.4535.10
EBITDA354267314309265258250229
EBITDA margin+11.2%+9.2%+11.2%+11.2%+10.8%+11.6%+11.0%+10.9%
Depreciation74.0669.7862.8859.8852.3553.1145.7944.83
Interest40.2839.9034.9528.0327.9925.7123.6519.58
Profit before tax250189220229228216198200
Tax66.4652.9063.0265.2759.8055.4252.4649.36
Net profit183136157164168161145151
EPS (₹)5.283.914.534.724.854.624.134.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10,9468,6817,7726,9365,4274,6444,135
Revenue growth+26.1%+11.7%+12.1%+27.8%+16.9%+12.3%-
Other income83.4411798.5270.8823.2141.8237.88
Total expenses9,7877,7036,8356,2354,8364,0923,672
Employee cost623491430360290258199
EBITDA1,159978938701592552463
EBITDA margin+10.6%+11.3%+12.1%+10.1%+10.9%+11.9%+11.2%
Depreciation24518615312712310891.37
Interest13187.6882.9782.1068.7387.39132
Profit before tax866822801563424398277
Tax24121020314011410977.64
Net profit616602592399292273187
Net profit margin+5.6%+6.9%+7.6%+5.8%+5.4%+5.9%+4.5%
EPS (₹)18.0117.4317.0911.609.138.575.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital34.7334.7334.7334.7331.9831.9831.98
Reserves & surplus4,4863,8193,3372,7221,9661,7241,449
Shareholders' funds (net worth)4,5203,8543,3722,7571,9981,7551,481
Minority interest0.000.0055.0639.97151135118
Secured loans4.1912.7720.73226195239246
Unsecured loans1,6061,2488979941,1251,3311,518
Total debt1,6101,2619171,2211,3201,5701,764
Total liabilities6,4235,2794,4964,0323,4823,4733,377
Assets
Gross block3,0202,3942,0281,7661,5911,4891,450
Net block1,8521,4041,160995905880906
Capital work in progress67.2044.6741.2126.6234.9932.6817.25
Investments47.6922318312724.9328.7233.36
Inventories4,9914,3603,4983,0722,3522,2231,750
Sundry debtors860752676674611487620
Cash & bank balances33714450.3438.9939.1429.9724.92
Loans & advances299208170162165211238
Total current assets6,4865,4644,3943,9483,1672,9502,632
Total current liabilities2,5952,1341,5461,287877639442
Net working capital3,8913,3302,8482,6612,2912,3112,191
Total assets6,4235,2794,4964,0323,4823,4733,377
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14349.6132.1532.0816.8519.1429.20
Net cash from operating activities910462757258517445477
Net cash from investing activities(693)(219)(201)(395)(145)(101)(83.44)
Net cash from financing activities(127)(150)(538)136(358)(346)(404)
Net change in cash90.3293.0217.460.0715.23(2.29)(10.06)
Closing cash33714450.3438.9939.1429.9724.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+26.1%+11.7%+12.1%+27.8%+16.9%+12.3%-
EBITDA growth+18.4%+4.3%+33.9%+18.4%+7.2%+19.3%-
PBT growth+5.4%+2.7%+42.3%+32.8%+6.4%+43.7%+29.6%
Net income growth+2.3%+1.6%+48.5%+36.6%+6.8%+45.9%-
Revenue CAGR (3Y)+16.4%+17.0%+18.7%+18.8%+11.7%+8.7%+8.4%
EBITDA CAGR (3Y)+18.3%+18.2%+19.3%+14.8%+14.2%+13.6%+8.9%
Profitability & leverage
Net income margin+5.7%+7.1%+7.7%+6.1%+5.7%+6.2%+4.8%
Return on capital employed+17.0%+18.7%+21.0%+17.6%+14.8%+14.7%+13.0%
Return on net worth+14.9%+16.9%+19.5%+17.8%+16.5%+17.9%+14.2%
Debt / equity0.340.300.350.530.771.031.23
Long-term debt / equity0.120.110.140.190.240.290.26
Interest cover14.3211.0610.5714.3114.6519.7035.62
Efficiency & per share
Fixed asset turnover4.043.934.104.133.523.163.27
Inventory turnover2.342.212.372.562.372.342.27
Debtors turnover13.5812.1611.5110.799.898.407.16
EPS (₹)18.0117.4317.0911.609.138.575.77
Dividend per share (₹)3.003.001.501.001.001.000.50
Book value per share (₹)130.18110.9897.0979.4062.4654.8946.31
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1729101,0631,0171,0519711,0441,016
Revenue growth (YoY)+11.6%-6.3%+1.8%+0.0%-0.3%---
Other income4.0229.456.7840.3211.176.9427.9832.71
Total expenses1,056836962956995910980963
EBITDA11674.7710160.5055.1061.4664.3353.14
EBITDA margin+9.9%+8.2%+9.5%+6.0%+5.2%+6.3%+6.2%+5.2%
Depreciation14.2412.7910.9611.299.7211.289.609.66
Interest11.068.438.114.636.477.345.642.54
Profit before tax94.4083.0088.7984.9050.0849.7877.0773.65
Tax24.2513.9222.6213.6413.1011.6814.8012.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0404,0854,0203,9152,8402,3832,350
Revenue growth-1.1%+1.6%+2.7%+37.8%+19.2%+1.4%-
Other income87.7170.8929.2236.8223.5921.6127.72
Total expenses3,7493,8293,7813,6882,6602,1992,179
Employee cost13011510088.4578.0265.7962.61
EBITDA291257239227180184171
EBITDA margin+7.2%+6.3%+6.0%+5.8%+6.4%+7.7%+7.3%
Depreciation44.7538.9338.5228.9032.4725.8626.45
Interest27.6419.2718.7723.9722.7933.6460.10
Profit before tax307269211211149146113
Tax63.2857.0951.6250.3736.5139.2727.49
Net profit23620915916011210685.42
Net profit margin+5.8%+5.1%+4.0%+4.1%+3.9%+4.5%+3.6%
EPS (₹)7.016.114.604.623.513.332.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital34.7334.7334.7334.7331.9831.9831.98
Reserves & surplus1,8871,7661,6591,5331,012934839
Shareholders' funds (net worth)1,9221,8011,6931,5671,044966871
Secured loans74.4090.2062.1744.32291381566
Unsecured loans58.1433.3910.922.213.831.362.27
Total debt13312473.0946.53295382568
Total liabilities2,0741,9411,7791,6251,3481,3561,445
Assets
Gross block766692630587542489473
Net block342295263251226200205
Capital work in progress20.546.857.707.3611.4222.225.20
Investments467422312315123126128
Inventories1,7931,5301,4001,1031,149949844
Sundry debtors179190215191235129247
Cash & bank balances61.0166.6820.008.6219.2214.364.85
Loans & advances11412689.0984.1580.3985.85123
Total current assets2,1471,9141,7231,3871,4841,1791,219
Total current liabilities958743571375541211161
Net working capital1,1881,1711,1531,0119439681,058
Total assets2,0741,9411,7791,6251,3481,3561,445
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash65.7719.272.3012.755.153.684.63
Net cash from operating activities21125276.80127186273200
Net cash from investing activities(57.89)5.86(20.81)(232)(31.14)(37.74)(0.33)
Net cash from financing activities(159)(212)(39.03)94.11(147)(234)(201)
Net change in cash(5.85)46.5016.97(10.45)7.601.47(0.95)
Closing cash61.0166.6820.008.6219.2214.364.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.1%+1.6%+2.7%+37.8%+19.2%+1.4%-
EBITDA growth+13.6%+7.2%+5.6%+25.7%-1.8%+7.1%-
PBT growth+13.9%+27.4%+0.3%+41.6%+2.1%+29.4%+35.4%
Net income growth+12.8%+31.1%-0.6%+43.3%+5.4%+24.3%-
Revenue CAGR (3Y)+1.1%+12.9%+19.0%+18.5%+9.0%+3.7%+4.6%
EBITDA CAGR (3Y)+8.7%+12.5%+9.2%+9.8%+2.9%+9.6%+3.9%
Profitability & leverage
Net income margin+6.0%+5.2%+4.0%+4.1%+4.0%+4.5%+3.6%
Return on capital employed+16.7%+15.5%+13.5%+15.8%+12.7%+12.8%+11.7%
Return on net worth+13.1%+12.1%+9.8%+12.3%+11.2%+11.6%+9.9%
Debt / equity0.070.060.040.130.340.520.72
Long-term debt / equity0.020.010.000.000.000.000.00
Interest cover11.208.859.3512.1215.4021.3241.44
Efficiency & per share
Fixed asset turnover5.546.186.616.945.514.955.10
Inventory turnover2.432.793.213.482.712.662.70
Debtors turnover21.8820.1619.8318.3815.5812.668.44
EPS (₹)7.016.114.604.623.513.332.66
Dividend per share (₹)3.003.001.501.001.001.000.50
Book value per share (₹)55.3551.8648.7645.1332.6530.2027.24

Timeline of Daawat

3 dated milestones of Daawat across 22 years, from founding to its latest funding, stage changes and deals.

  1. Founded Daawat is founded.
  2. Funding First funding round.
  3. Funding Latest funding round, Private Equity Round,.

Competitors of Daawat

Daawat has 7 listed competitors in our database, 1 of them funded. They include Kohinoor Foods, Radikal, Sarveshwar, Bush Foods Overseas and Vajrateja, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
kohinoorfoods.in1989Delhi, India–90
Basmati rice, ready-to-eat meals, and frozen foods are manufactured.
radikalway.com2009Delhi, India$34.55M28
Processed Basmati rice products are manufactured in Delhi.
sarveshwarfoods.com1890Jammu, India–31
Various Basmati rice types are provided to customers.
bushfoodsbasmati.com1992Delhi, India––
Rice producer and seller
vajratejarice.com2002Nalgonda, India–78
Manufactures and supplies premium rice varieties with modern technology in Telangana region.
grmrice.com1972Delhi, India–11
Rice varieties are manufactured and distributed by GRM.
grmfoods.com1972Kurukshetra, India––
Manufactures and exports high-quality Basmati rice varieties since 1972.
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Detailed competitors of Daawat

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Web traffic of Daawat

The website of Daawat (daawat.com) receives about 21.2K visits a month.

  • Monthly visits
    21.2K

    ▼ 20.4% vs previous month

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Top companies in Food & Beverage Products & Processing

10 companies that operate in the same segment as Daawat (Food & Beverage Products & Processing), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Platform offering a subscription-based delivery service for fresh milk and groceries
2015Gurugram, Haryana, IndiaUSD 228.42 MUSD 99.78 M3,464
Hens and cattle are reared to supply eggs and butter.
2007Austin, Texas, United StatesUSD 49.96 MUSD 759.44 M598
Subscription-based coffee products are offered by an internet-first brand.
2013Gurugram, Haryana, IndiaUSD 112.84 MUSD 25.83 M2,059
Provider of bakery-cafe services and a loyalty program
1987St. Louis, Missouri, United StatesUSD 145.61 M––
Meat and seafood products are delivered via an online platform.
2015Bengaluru, Karnataka, IndiaUSD 564.84 MUSD 97.26 M2,828
Dry snacks and coffee are manufactured and distributed.
2015Chennai, Tamil Nadu, IndiaUSD 16.52 MUSD 208 K29
Food, snacks, and beverages are produced and distributed globally.
1898Purchase, New York, United States–USD 93.92 B319,000
Multi-category organic dairy products are offered online.
2010Tiptur, Karnataka, IndiaUSD 58.15 MUSD 23.34 M810
Packaged food products are offered through an online platform.
2019Mumbai, Maharashtra, IndiaUSD 37.6 MUSD 4.41 M168
Multi-category food and beverage products are produced and distributed globally.
1866Vevey, Vaud, Switzerland–USD 2.36 B16,250
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Frequently Asked Questions about Daawat

Daawat was founded in 1998 and raised its 1st funding round 11 years after it was founded.

Daawat is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Daawat has 1,193 employees.

The primary company behind Daawat, Lt Foods Limited, reported revenue of ₹11,023 Cr for FY 2026, up 26% year on year.

Daawat was established in 1998 in Gurugram, India, as a basmati rice manufacturer within the food sector. Products are produced and supplied through online retailers, organized retail outlets, and independent stores. Availability extends to 60 countries globally, with operations focused on rice processing and international distribution. The company was founded by Vijay Kumar Arora.

Daawat's top competitors include Kohinoor Foods, Sarveshwar and GRM Rice.

Yes, Daawat is publicly traded on NSE under the ticker symbol LTFOODS.

Daawat has 2 investors. Key investors include SALIC, and Rabo Equity Advisors.

Daawat operates through Lt Foods Limited.

The legal entities of Daawat currently have 12 directors, including Vijay Kumar Arora, Ashwani Kumar Arora, Surinder Kumar Arora and others.

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