Key Points

TTK Prestige, a renowned kitchen appliance manufacturer, experienced a challenging first quarter with a significant drop in net profit. Despite a modest revenue increase of 3.57%, the company's operational profitability declined sharply, with EBITDA falling from Rs 65 crore to Rs 41 crore. The stock market response remained mixed, with shares showing slight fluctuations. Founded in 1955, the company continues to be a prominent player in the Indian kitchen appliances sector.

Key Points: TTK Prestige Q1 Profit Drops 37.1% Despite Revenue Growth

  • Q1 net profit falls to Rs 25.62 crore
  • Revenue marginally increases by 3.57% YoY
  • EBITDA drops from Rs 65 crore to Rs 41 crore
  • Stock performance shows mixed signals in recent periods
2 min read

TTK Prestige's Q1 net profit falls 37.1 pc

Kitchen appliance maker TTK Prestige reports Q1 financial results with revenue increase but significant profit decline and operational challenges.

"The financial performance reflects ongoing market complexities - Financial Analyst (Hypothetical)"

Mumbai, July 28

Pressure cookers maker TTK Prestige Limited on Wednesday reported a decline of approximately 37.1 per cent year-on-year (YoY) in its consolidated net profit to Rs 25.62 crore, compared to Rs 40.79 crore in the same quarter previous fiscal (Q1 FY25).

However, the revenue of the kitchen appliances manufacturer increased by approximately 3.57 per cent YoY to Rs 609 crore, compared to Rs 588 crore in Q1 FY25, according to its stock exchange filing.

While the topline showed modest growth, the company faced pressure on the operational front.

Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped sharply from Rs 65 crore to Rs 41 crore.

The EBITDA margin also fell significantly to 6.7 per cent from 11.1 per cent last year -- reflecting a notable dip in operating profitability.

Following the result announcement, shares of TTK Prestige were trading at Rs 635, up Rs 4.25 or 0.67 per cent from the previous close of Rs 630.75.

During the day, the stock touched a high of Rs 640 and a low of Rs 621.10. The company's market capitalisation stood at Rs 8,690 crore, and its price-to-earnings (P/E) ratio was recorded at 77.77.

The company currently offers a dividend yield of 0.94 per cent, with a quarterly dividend payout of Rs 1.49 per share.

Over the past 52 weeks, the stock has seen a high of Rs 1,025 and a low of Rs 582.45.

In last five days, the shares were up by Rs 2.85 or 0.45 per cent. In last one month, it has delivered a positive return of Rs 10.7 or 1.71 per cent.

However, in last six months, the shares of TTK Prestige were down by Rs 101.1 or 13.73 per cent. On year-to-date (YTD) basis, the share dropped by Rs 169.85 or 21.08 per cent.

The drop in share price widened in one year. It has given a negative return of Rs 270.05 or 29.84 per cent in past one year.

TTK Prestige Limited is an Indian company that manufactures kitchen appliances and cookware, under the "Prestige" and "Judge" brand. The company is best known for its pressure cookers.

The company, founded in 1955 as TT Private Limited, began manufacturing pressure cookers in 1959 in collaboration with the UK's Prestige Group. It went public in 1994.

- IANS

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Reader Comments

S
Shreya B
Maybe they should focus more on innovation rather than just resting on their legacy. Chinese brands are offering smart cookers with IoT features at competitive prices. Prestige needs to up their game! 🧑‍🍳
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Aman W
The P/E ratio of 77+ shows the stock is still overvalued despite the fall. Better to wait before investing - let the dust settle on these poor results. Market seems to be pricing in too much hope.
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Priya S
Their products are still the best in quality though! Just bought a new Prestige induction cooktop last month. Maybe the profit drop is temporary due to raw material costs? 🤔
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Vikram M
The kitchen appliances market is getting too crowded. Even Reliance and Tata are entering this space now. TTK needs to seriously rethink their strategy to protect market share.
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Nisha Z
Their after-sales service has deteriorated in recent years. Maybe that's impacting brand loyalty? I had to wait 3 weeks for a cooker repair last month. Customer experience matters too!
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Karthik V
The revenue growth is positive at least. Maybe they're investing in expansion which is affecting short-term profits? Long-term investors should look at 5-year trends rather than quarterly blips.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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