HDFC Securities: TTK Prestige On The Path Of Recovery 
TTK Prestige store in Goregaon, Mumbai, India. (Source: Company website)

HDFC Securities: TTK Prestige On The Path Of Recovery 

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.

HDFC Securities Report

TTK Prestige Ltd. delivered a miss in revenue and margin despite a robust 20% YoY growth in August /September.

Weak performance in July (localised lockdown and supply constraints), resulted in revenue/Ebitda growth of 3/ down 1% YoY (our estimate 8/8%).

West region was among the most impacted markets in July. The company has grown at a healthy pace (15% YoY) in October too and festive demand should be a driver in Q3.

Click on the attachment to read the full report:

HDFC Securities - TTK Prestige Q2FY21 Results Review.pdf

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