TTK Prestige Ltd

The company said that this outlay will cover both soft operational expenses and hard expenses of capital nature. The spends on operational areas for achieving the overall business excellence, which will include innovation, design, manufacturing / sourcing, go to market with clear market segmentation, logistics and service, is estimated at around Rs 200 crore while the capex is estimated to be of the order of Rs 300 crore. This outlay is designed to fortify the current core business of the company - Pressure cookers & Cookware, domestic kitchen appliances both electric and non-electric and targeted export clients. Wherever necessary the company will use external expertise in specific domains. 'The action plan is designed to get back to a good growth phase, besides bringing in sustainable savings in costs. This plan may result in some transient impact on operating EBITDA margins over the next 8 quarters as initial one-time soft-investments are targeted to achieve growth and cost-savings may not outweigh the one-time soft investments,' the company stated in exchange filing. TTK Prestige manufactures kitchen appliances and cookware, under the Prestige brand. The company's consolidated net profit declined 6.5% to Rs 58.45 crore in Q3 FY25 as compared with Rs 62.48 crore in Q3 FY24. Net sales fell 1.5% to Rs 727.23 crore during the quarter ended 31st December 2024.Powered by Capital Market - Live

The Board of TTK Prestige at its meeting held on 10 February 2025 has approved the appointment of Girish Rao (DIN: 00073937) as Independent Director of the Company with effect from 25 March 2025. Powered by Capital Market - Live

Net profit of TTK Prestige declined 6.45% to Rs 58.45 crore in the quarter ended December 2024 as against Rs 62.48 crore during the previous quarter ended December 2023. Sales declined 1.51% to Rs 727.23 crore in the quarter ended December 2024 as against Rs 738.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales727.23738.40 -2 OPM %10.9211.52 - PBDT92.67100.02 -7 PBT75.1982.89 -9 NP58.4562.48 -6 Powered by Capital Market - Live

TTK Prestige will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

TTK Prestige has appointed Prabhakar Jain (DIN: 02017091) as Additional Independent Director of the Company with effect from 01 January 2025. Powered by Capital Market - Live

However, revenue from operations increased 2.82% YoY to Rs 750.06 crore in the quarter ended 30 September 2024. Profit before tax in the second quarter of FY24 stood at Rs 70.40 crore, down 11.46% from Rs 79.51 crore recorded in the corresponding quarter previous year. On standalone basis, the household appliances maker's net profit fell 7.37% to Rs 57.59 crore on 3.63% increase in revenue from operations to Rs 708.52 crore in Q2 FY25 over Q2 FY24. EBITDA slipped 5% to Rs 95 crore in the quarter ended 30 September 2024 as compared to Rs 100 crore posted in the same quarter previous year. EBITDA margin reduced to 13.5% in Q2 FY24 as against 14.6% in Q2 FY24. Total sales for Q2 FY25 was at Rs 708.5 crore, up from Rs 683.7 crore in the same quarter last year, reflecting a growth of 3.6%. Domestic sales reached Rs 695.1 crore, an increase from Rs 665.4 crore in the previous year, marking a growth of 4.5%. In contrast, export sales for the quarter totaled Rs 13.5 crore, down from Rs 18.3 crore in the prior year, indicating a decline of 26.23%. On half year basis the company's consolidated net profit slipped 11.81% to Rs 94.62 crore in H1 FY25 as against Rs 107.29 crore posted in H1 FY24. However the company's revenue from operation increased 1.59% YoY to Rs 1,337.99 crore in H1 FY25. TTK Prestige manufactures kitchen appliances and cookware, under the Prestige brand. The scrip rose 0.02% to Rs 869.25 on the BSE. Powered by Capital Market - Live

Net profit of TTK Prestige declined 10.80% to Rs 52.87 crore in the quarter ended September 2024 as against Rs 59.27 crore during the previous quarter ended September 2023. Sales rose 2.82% to Rs 750.06 crore in the quarter ended September 2024 as against Rs 729.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales750.06729.47 3 OPM %9.6611.08 - PBDT87.7395.43 -8 PBT70.4079.51 -11 NP52.8759.27 -11 Powered by Capital Market - Live

TTK Prestige will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live