TTK Prestige Q1 Review - Innovation Leading To Market Share Gains: 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.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..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TTK Prestige Q1 Review - Innovation Leading To Market Share Gains: ICICI Securities

TTK Prestige Q1 Review - Innovation Leading To Market Share Gains: ICICI Securities

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