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You can open the image in Photoshop from Lightroom using the Edit In feature and from there you can add the text on the image using the text tool, save it and you will see that image in Lightroom as PSD Or tiff.
Mohit. In reply to using Photoshop to add text to a picture from Light room. Obviously this means you have to have photo shop also purchased and installed?
Yes! That means that you need access to Photoshop. Currently you can get Photoshop with the Photographer's plan (LR+PS) for 10$ or €/month.
If however you do not want or have Photoshop (as you have a perpetual license of LR6), you can use Gimp or any other third party picture editor. Adding text is not really a function where you need a full blown Photoshop. You can also use GIMP or PS to create a watermark picture for use as of my answer.