On November 25, 2025, LT Foods Ltd., a leading global Fast-Moving Consumer Goods (FMCG) company specializing in the consumer food space, announced its official entry into Saudi Arabia. The company has inaugurated a new office in Riyadh, marking its strategic expansion into the Kingdom’s $2 billion rice and rice-based food market.

Strategic Vision for Global Expansion

This move is in line with LT Foods’ ongoing efforts to expand its global footprint. The company, which currently generates U.S. $1 billion in global revenue, has experienced consistent Year-on-Year (YoY) profit growth. Over the past 18 years, LT Foods has achieved an impressive Revenue CAGR of 18% and a Profit CAGR of 21%, solidifying its position as a leader in the global FMCG sector.

Revolutionising the Saudi Rice Market

The new Riyadh office will serve as the hub for LT Foods’ regional operations, positioning the company to tap into the growing demand for premium and authentic rice and rice-based products in Saudi Arabia. With deep expertise in rice, LT Foods plans to offer products that align with local tastes and culinary traditions, catering to the preferences of Saudi consumers.

Investment and Growth Plans

LT Foods is committed to investing SAR 185 million in the Kingdom over the next five years. This investment will focus on warehousing, stock, and human resources, with a target revenue of SAR 435 million during this period. The company’s long-term growth plans also include setting up local manufacturing facilities in Saudi Arabia, with the support of its strategic shareholder, Saudi Agricultural and Livestock Investment Company (SALIC).

Future Prospects

With its expansion into Saudi Arabia, LT Foods aims to establish a strong presence in the Middle East, leveraging local market knowledge and a growing demand for premium rice products. The company’s continued commitment to innovation and quality will help it capture new opportunities in the region, contributing to the future growth of both LT Foods and the Saudi food industry.

Speaking on the occasion, Mr. Vijay Arora, Chairman & Managing Director of LT Foods said, “We have built successful businesses in every market where we have set up our operations. We have provided quality products and premium food offerings to consumers. LT Foods has also added significant value to the economy and to its operations. We are now very excited to expand our footprint in Saudi Arabia. Our trusted brands, DAAWAT®, Hadeel and Mufaddal, have long been a part of the Kingdom of Saudi Arabia (KSA). With SALIC being a strategic shareholder in LT Foods, we are now expanding our footprint in the KSA with warehouses and are prepared to establish local manufacturing.”

Expressing his thoughts, Mr Gursajan Arora, CEO – Middle East Business, LT Foods, said, “Saudi Arabia is one of the largest importers of rice and a key market for us. We see tremendous potential for growth in the market and are excited to bring our legacy of quality, innovation, and trust to the region. With our Riyadh office, we aim to deepen our connections with local consumers and partners, tailoring our offerings to meet their specific preferences. We are confident in our ability to strengthen our market presence, drive sustainable growth, and continue delivering exceptional value to all our stakeholders.”

On November 26, 2024, LT Foods shares opened at ₹366.05 and touched the day high of ₹375.00 at 10:00 AM.

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