Latest news with #TTKPrestige
Fashion Value Chain
02-06-2025
- Business
- Fashion Value Chain
TTK Prestige Launches Ceraglide Duo Ceramic Cookware Range
TTK Prestige, a leader in innovative kitchen solutions, has unveiled its latest offering: the Ceraglide Duo Ceramic Cookware. This newly launched range merges sleek aesthetics with advanced functionality, catering to the evolving needs of both home cooks and professional chefs. The Ceraglide Duo is engineered for high-heat performance and quick heating, making everyday cooking more efficient. Its ceramic coating is free from harmful PFOA and PFAS chemicals, ensuring a safer and healthier alternative to conventional non-stick cookware. Built with an extra-tough protective layer, the cookware resists wear, fading, and everyday damage, resulting in long-term durability. Adaptable for both gas and induction cooktops, Ceraglide Duo enhances user safety with cool-touch handles that prevent burns. Its smooth, non-stick surface also ensures easy cleanup with minimal residue or staining, offering an optimal blend of practicality and hygiene. The comprehensive Ceraglide Duo collection includes a versatile range of cookware essentials—fry pans, kadais, saucepans, casseroles, woks, and omni tawas—designed to handle everything from deep-frying to simmering and dosa preparation. With accessible pricing, the collection makes premium ceramic cookware available to a broad consumer base. Pricing details: Fry pans (18–28 cm): ₹840–₹1515 MRP Kadais (24–30 cm): ₹1850–₹2550 MRP Saucepan (16 cm): ₹1355 MRP Casseroles (20 & 24 cm): ₹1875–₹2150 MRP Omni tawas (25 & 28 cm): ₹1155–₹1380 MRP With a longstanding focus on innovation, TTK Prestige continues to redefine the kitchen experience. The Ceraglide Duo exemplifies the brand's dedication to combining style, safety, and superior performance—ideal for every culinary style and everyday use.
Yahoo
28-05-2025
- Business
- Yahoo
TTK Prestige Ltd (BOM:517506) Q4 2025 Earnings Call Highlights: Navigating Growth Amidst Margin ...
Total Sales Growth: 4% including exports. Domestic Sales Growth: 3%. EBITDA: INR 72.5 crores for the quarter, down from INR 100 crores in the previous year. Annual Revenue Growth: 1.2% with INR 2,400 crores in domestic sales. Annual EBITDA: INR 339 crores, down from INR 386 crores last year. Annual Margins: 13.4% overall margin, 10.7% operating margin. Number of Stores: 667 stores. New SKUs Introduced: 44 in the quarter, 191 during the year. Cash Position: Comfortable, despite CapEx, dividends, and buyback expenses. Warning! GuruFocus has detected 4 Warning Signs with BOM:517506. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TTK Prestige Ltd (BOM:517506) reported a positive growth trajectory, with domestic sales growing by 3% and total sales, including exports, increasing by 4%. The company has introduced 191 new SKUs during the year, which has helped gain significant counter presence and growth in various channels. TTK Prestige Ltd (BOM:517506) is focusing on premiumization in urban markets and expanding into Tier 2 and Tier 3 towns, leveraging e-commerce channels for aggressive demand generation. The Judge brand has been repositioned and is growing well, contributing to the company's growth strategy, particularly in Tier 2 and Tier 3 towns. The company is investing in capacity and capability building, including renewable energy and automation, to strengthen its manufacturing capabilities and leverage future demand. TTK Prestige Ltd (BOM:517506) faced pressures on raw material pricing, which affected margins, with EBITDA declining to INR72.5 crores from INR100 crores in the previous year. The company is incurring significant soft operational expenses, which are expected to continue for the next 8 to 10 quarters, potentially diluting EBITDA margins. The MFI channel has been subdued due to structural and policy changes, impacting sales in this segment. CSD channel sales have also been subdued due to internal operational rationalizations, affecting overall growth. The company anticipates a period of diluted margins due to ongoing investments, with a focus on long-term growth rather than immediate profitability improvements. Q: With the growth in traditional channels and the impact on MFI channels, can we expect TTK Prestige's growth to move towards double digits in the next quarter? A: Venkatesh Vijayaraghavan, CEO, stated that while they don't provide specific guidance, the growth is expected to be positive as they are seeing positive trends quarter-on-quarter. Q: Can you explain the consultancy expenses and their impact on EBITDA? A: Saranyan R, CFO, explained that the one-off expenses for long-term growth impacted EBITDA by about 2% during the quarter. These expenses are expected to continue for the next 8 to 10 quarters as part of a planned INR 200 crore investment over three years. Q: What is driving the positive growth in the industry and for TTK Prestige? A: Venkatesh Vijayaraghavan, CEO, noted that all categories are seeing a revival, with appliances growing faster than kitchenware. Growth is driven by premiumization, especially in southern markets, and channels like quick commerce and e-commerce. Q: What is the strategy for the Judge brand, and how is it being repositioned? A: Venkatesh Vijayaraghavan, CEO, explained that the Judge brand targets a different audience than Prestige, focusing on Tier 2 and Tier 3 towns. The brand has been repositioned with a clear product portfolio and distribution strategy, showing good growth in cookware and cookers. Q: Can you provide details on the planned INR 300 crore CapEx over the next two years? A: Venkatesh Vijayaraghavan, CEO, stated that the CapEx will focus on core categories, including expanding capacities in aluminum and stainless steel tri-ply, as well as appliances. Investments will also be made in automation and renewable energy. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Standard
27-05-2025
- Business
- Business Standard
TTK Prestige reports consolidated net loss of Rs 40.64 crore in the March 2025 quarter
Sales rise 4.34% to Rs 649.56 crore Net loss of TTK Prestige reported to Rs 40.64 crore in the quarter ended March 2025 as against net profit of Rs 58.71 crore during the previous quarter ended March 2024. Sales rose 4.34% to Rs 649.56 crore in the quarter ended March 2025 as against Rs 622.56 crore during the previous quarter ended March 2024. For the full year,net profit declined 50.79% to Rs 112.44 crore in the year ended March 2025 as against Rs 228.48 crore during the previous year ended March 2024. Sales rose 1.37% to Rs 2714.78 crore in the year ended March 2025 as against Rs 2678.05 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 649.56622.56 4 2714.782678.05 1 OPM % 7.9112.40 - 9.4911.34 - PBDT 64.0791.14 -30 316.71365.58 -13 PBT 45.3874.52 -39 246.00301.17 -18 NP -40.6458.71 PL 112.44228.48 -51
Mint
27-05-2025
- Business
- Mint
Indias TTK Prestige posts quarterly profit fall on weak rural sales
(Reuters) -Indian kitchenware maker TTK Prestige reported a 39% fall in fourth-quarter profit on Tuesday, as rural volumes remained under pressure due to reduced lending by microfinance institutions. The company reported a profit before tax and exceptional items of 453.8 million rupees ($5.32 million) in the quarter ended March 31, down from 745.2 million rupees a year earlier. It booked a one-time impairment charge of 714 million rupees related to its UK subsidiary, Horwood Homewares, on continued stress in the UK economy, and the threat of tariffs from the U.S. possibly compounding that, TTK said. Its shares were down nearly 6% after the results. Overall revenue from operations rose nearly 4.3% to 6.5 billion rupees, while total expenses increased 9.5%. For further earnings highlights, click here. Microfinance lenders have been issuing fewer collateral-free small loans to borrowers in the rural parts of the country, amid rising default rates, following a period of aggressive lending in the segment. TTK Prestige, which has a "significant share of sales" from rural areas, said it is seeing a slowdown in rural volumes as a result. While its sales from traditional channels, which include stores and e-commerce grew 10.2%, the sales hit in rural areas pulled overall growth down to 2.7%. Higher aluminium prices during the quarter also impacted performance, said TTK. Valuation (next 12 Estimates (next 12 Analysts' sentiment RIC PE EV/EBI Price/ Revenue Profit Mean No. of Stock to Div TDA Sales growth (%) growth (%) rating* analyst price yield TTK Prestige 36.27 24.66 8.95 25.05 Hold 4 0.88 0.88 Voltas 37.87 30.48 2.19 11.56 19.51 Buy 33 0.87 0.44 Havells India 53.66 35.47 3.92 14.14 21.29 Buy 24 0.88 0.64 Crompton Greaves 34.00 21.78 2.38 10.89 19.15 Buy 30 0.82 0.84 * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- $1 = 85.3790 Indian rupees (Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman and Sherry Jacob-Phillips)
Reuters
27-05-2025
- Business
- Reuters
India's TTK Prestige posts quarterly profit fall on weak rural sales
May 27 (Reuters) - Indian kitchenware maker TTK Prestige ( opens new tab reported a 39% fall in fourth-quarter profit on Tuesday, as rural volumes remained under pressure due to reduced lending by microfinance institutions. The company reported a profit before tax and exceptional items of 453.8 million rupees ($5.32 million) in the quarter ended March 31, down from 745.2 million rupees a year earlier. It booked a one-time impairment charge of 714 million rupees related to its UK subsidiary, Horwood Homewares, on continued stress in the UK economy, and the threat of tariffs from the U.S. possibly compounding that, TTK said. Its shares were down nearly 6% after the results. Overall revenue from operations rose nearly 4.3% to 6.5 billion rupees, while total expenses increased 9.5%. For further earnings highlights, click here. Microfinance lenders have been issuing fewer collateral-free small loans to borrowers in the rural parts of the country, amid rising default rates, following a period of aggressive lending in the segment. TTK Prestige, which has a "significant share of sales" from rural areas, said it is seeing a slowdown in rural volumes as a result. While its sales from traditional channels, which include stores and e-commerce grew 10.2%, the sales hit in rural areas pulled overall growth down to 2.7%. Higher aluminium prices during the quarter also impacted performance, said TTK. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3790 Indian rupees
