LT Foods, the consumer food company, witnessed a 44% rise in consolidated net profit to INR 137.44 crore ($18.5m) in Q1 FY2022 due to better margins. The total income in the June quarter reached INR 1,778.07 crore, up from INR 1,611.10 crore in the year-ago period, while expenses increased to INR 1,621.91 crore from INR 1,490.52 crore. The Basmati and specialty rice business rose by 24% YoY due to higher brand and marketing investment, leading to market share gain. The health and convenience revenue segment reached INR 41 crore.