LT Foods share price extended its upward momentum on March 6, 2026, building on the sharp gains recorded in the previous session. As of 09:48 AM IST, the stock was trading at ₹448.60, up ₹18.45 or 4.29% from the previous close of ₹430.15 on the NSE.
The stock opened at ₹443. and touched an intraday high of ₹471.95, surging over 9%. The continued rise comes a day after the company’s shares staged a significant recovery following a prolonged period of selling pressure. The stock has emerged as a top gainer in the Nifty 500 index.
On March 5, LT Foods shares snapped a six-session losing streak, rallying sharply amid strong investor demand. The stock surged as much as 15% intraday, reaching a high of ₹419.50 on the National Stock Exchange.
The sharp price move was accompanied by a significant surge in trading volumes. Exchange data showed that nearly 31.1 million shares were traded on the NSE during the session, compared with about 0.5 million shares traded in the previous session.
On the BSE, LT Foods shares rose 12.7% to ₹415, while trading volumes surged by more than 46.52 times, highlighting strong market participation and renewed investor interest in the stock.
Prior to the rebound, LT Foods shares had been under pressure due to concerns that ongoing geopolitical tensions in the Middle East could disrupt supply chains and impact trade flows.
LT Foods is a global FMCG company operating in the consumer food segment and is widely recognised as a leading player in specialty rice and rice-based food products. The company’s flagship brands include Daawat and Royal.
The company is also a major supplier of Basmati rice to the Middle East region. According to company disclosures in February, the Middle East accounted for 9% of LT Foods’ overall revenue mix during the first nine months of FY2026 (9M FY26).
The broader rice export industry is currently facing logistical challenges due to the geopolitical situation. The Indian Rice Exporters Federation (IREF) has recently sought urgent government support to mitigate the impact of shipping disruptions triggered by the Iran crisis and instability across key maritime routes.
In a representation submitted to the Agricultural and Processed Food Products Export Development Authority (APEDA), exporters highlighted several operational difficulties. These include an acute shortage of containers, suspension or cancellation of vessel calls to the Middle East, and sharply rising logistics costs.
Exporters have also reported a sharp increase in shipping costs. International freight rates have risen by around 15-20%, while war-risk surcharges and insurance premiums for shipments to the Gulf region have increased significantly.
In addition, marine bunker fuel prices have climbed to approximately USD 580 per tonne, up from about USD 520 per tonne, further increasing operational costs for exporters.
The ongoing disruptions have also weighed on domestic basmati rice prices. According to exporters, basmati rice prices have fallen by around 7–10% over the past 90 hours, adding pressure on exporters’ working capital cycles.
Despite these sector-wide challenges, the recent surge in LT Foods shares indicates that investors may be positioning for a recovery in the stock after the recent correction, supported by strong trading volumes and renewed buying interest.
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