TTK Prestige Q4 Review – Gearing Up To Garner Strong Revenue Growth: ICICI Direct

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With renewed interest in cookware and kitchen appliances demand, TTK Prestige Ltd. continued to report a solid operational performance in Q4 FY21 with strong beat across all parameters.

Revenue for the quarter grew 44.7% YoY (two-year compound annual growth rate: 6.4%) to Rs 554.9 crore (our estimate: Rs 518.2 crore), partly attributable to favourable base (revenue fell 21%).

Domestic sales grew 41.5% YoY to Rs 533 crore whereas exports sharply increased 218% YoY to Rs 21.9 crore.

On segmental front, cooker (31% of sales), cookware (16% of sales), appliances (48% of sales) categories posted strong revenue growth of 49%, 67%, 34% YoY, respectively.

Click on the attachment to read the full report:

ICICI Direct TTK Prestige Q4FY21 Result Update.pdf


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