India's LT Foods slumps on Q2 profit fall
24/10/2024 10:20
** Shares of LT Foods LTOL.NS are down nearly 12% to 357
rupees, hitting their lowest level since Aug. 23
** FMCG co reported a near 5% y/y drop in Q2 consol net
profit
** Stock set for its worst day since March 2020, if losses
hold
** LTOL falls for fourth straight session, dropping around
14% in the period
** Still, stock up nearly 76.5% in 2024
(Reporting by Nishit Navin in Bengaluru)
((nishit.navin@thomsonreuters.com;))
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