TTK Prestige Q1 Review - Innovation Leading To Market Share Gains: ICICI Securities
A TTK Prestige store. (Source: Company website)

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:

  1. share of e-commerce increased to 32% of net sales, up from 20% in FY21,

  2. company’s exports grew 68% (y-o-y) due to new customer additions and strong off-take from existing customers, and

  3. 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:

  1. strong volume growth,

  2. price hikes and

  3. market share gains from unorganised sector.

Click on the attachment to read the full report:

ICICI Securities TTK Prestige Q1FY22 Results Update.pdf

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