TTK Prestige Limited — Important, 22-07-2025: Updates
22-07-2025 | 06:15 pm
22-07-2025 | 06:15 pm
TTK Prestige experienced modest sales growth but faced profitability headwinds this year. Consolidated net profit decreased to 108.01 Cr, primarily due to a 71.42 Cr goodwill impairment related to a UK subsidiary. The company launched 191 new SKUs, including innovative cookers and appliances, which were well-received, contributing to market share gains. A significant 500 Cr strategic investment is planned over three years for innovation and market expansion, which may temporarily impact EBITDA margins. Rural sales channels faced challenges, yet the 'Judge' brand achieved 43% growth. The company remains debt-free with substantial cash reserves.
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