BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Key takeaways from TTK Prestige Ltd.'s Q1 FY22:
share of e-commerce increased to 32% of net sales, up from 20% in FY21,
company’s exports grew 68% (y-o-y) due to new customer additions and strong off-take from existing customers, and
south India market still remains impacted due to extended lockdowns.
Steady investment in innovation, distribution expansion and higher focus on rural markets is likely to drive strong revenue growth over FY21-23.
Its subsidiary reported revenue growth of 122% with lockdown relaxations in UK.
We model TTK Prestige to report an earnings compound annual growth rate of 16.5% over FY21-FY23E with:
strong volume growth,
price hikes and
market share gains from unorganised sector.
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