Pressure Cooker Market: TTK Prestige Is Key Beneficiary: ICICI Securities
TTK Prestige store in Goregaon, Mumbai, India. (Source: Company website)

Pressure Cooker Market: TTK Prestige Is Key Beneficiary: ICICI Securities

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

We believe incumbents like TTK Prestige Ltd. will be the key beneficiaries of the steady growth in pressure cooker industry as:

  1. Penetration of pressure cookers is still low which offers healthy growth of 9% per annum.

  2. most multinational companies do not operate in pressure cooker industry which results in lower competitive pressures and stable profitability.

  3. There is steady premiumisation potential with shift towards steel and hard anodised cookers.

Introduction of pressure cookers which can be used on gas stoves as well as induction cook tops will also drive premiumisation.

Click on the attachment to read the full report:

ICICI Securities White Goods Cooker Sector.pdf

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