Chaman Lal

[Industry Notes] – Understanding Basmati rice industry in detail and names of 3 listed players

June 21, 2024

Hello Sir, There are quite a few listed Basmati Rice cos. – LT Foods, KRBL, Chaman Lal Setia (CLSE). In fact, we have ongoing recommendations on LT Foods (initiated at Rs 87.5) and CLSE (initiated at Rs 112.80) and what’s even more interesting is that we have covered CLSE twice before in the past – 2016 and 2019 and both the times the stock delivered good returns. So, the past 2 years have been excellent for basmati rice exporters, with GOI decisions helping…

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[Stock notes] – KRBL…impact of non-basmati rice export ban

August 18, 2023

Hello Sir, Hope you are doing well. The Govt. of India recently imposed a ban on non-basmati rice export. This has resulted in increase in demand for Basmati rice in export markets. The realizations have also increased. No wonder, major basmati rice listed stocks like LT Foods, Chaman Lal and KRBL have performed well. Source: Chaman Lal Q1 FY 24 presentation We recently went through the con-call of KRBL, the company behind the well known India Gate basmati rice brand. Below, we…

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[Stock ideas] – Basmati rice industry

February 11, 2023

Hello Sir,Hope you are doing well.Did you know? Basmati is unique to the region and is legally protected as a trade name. “Basmati” is protected under “The Geographical Indications of Goods (Registration & Protection) Act, 1999” of India, which prevents any rice grown outside of the Indo Gangetic area from being called Basmati.KRBL, LT Foods, Chaman Lal Setia are some of the major listed companies from the Basmati rice industry. They are also the the leading processors and exporters of Basmati rice.We have recommended LT…

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