LT Foods, KRBL Shares Soar on Robust Export Demand
By Business Desk
LT Foods and KRBL shares surged on August 24, 2026, driven by strong basmati rice export demand and positive market outlook. LT Foods hit a 52-week high.
Indian basmati rice exporters LT Foods and KRBL experienced a significant rally in their share prices on Monday, August 24, 2026, driven by strong export demand and a positive market outlook.
LT Foods shares climbed as much as 13%, reaching a new 52-week high, while KRBL stock rose 9%, outperforming a largely flat broader market.
LT Foods Hits New High on Volume Growth
LT Foods, known for its ‘Daawat’ and ‘Royal’ brands, saw its shares surge, backed by a sharp increase in trading volumes.
- LT Foods Share Gain: 13%
- New 52-Week High: ₹482.85
- Trading Volumes: More than ten times usual daily level
Market observers attributed this interest to the company’s volume-led growth in the basmati segment and its success in expanding market share within India.
The company is also focusing on expansion efforts in North American and European markets to drive future volume growth.
KRBL’s Resilient Performance Amid Challenges
KRBL, with its flagship ‘India Gate’ brand, also posted a strong gain, supported by elevated trading activity.
- KRBL Share Gain: 9%
- Trading Volumes: three times higher than normal
Despite recent challenges in basmati export trade, particularly disruptions in West Asia, KRBL maintained stability by prioritizing better realizations per unit of rice sold.
The company leveraged its established brand presence to navigate fluctuating export conditions effectively.
Analyst Outlook and Sector Risks Identified
Brokerage firms maintain a positive outlook for both companies, forecasting growth in revenue and profit margins over the next two years.
This optimism is linked to expectations of domestic market expansion and an eventual recovery in export volumes.
- Raw Material Costs: High sensitivity to paddy prices
- Geopolitical Tensions: Disruptions in key export markets like West Asia
- Regulatory Changes: Potential shifts in government policies on rice exports
Investors are advised to monitor upcoming quarterly performance and management commentary on these external trade factors to assess the sustainability of this growth trend.