TTK Prestige Q4 Review - Gearing Up To Garner Strong Revenue Growth: ICICI Direct

A TTK Prestige store. (Source: Company website).

TTK Prestige Q4 Review - Gearing Up To Garner Strong Revenue Growth: ICICI Direct

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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 Direct Report

With renewed interest in cookware and kitchen appliances demand, TTK Prestige Ltd. continued to report a solid operational performance in Q4 FY21 with strong beat across all parameters.

Revenue for the quarter grew 44.7% YoY (two-year compound annual growth rate: 6.4%) to Rs 554.9 crore (our estimate: Rs 518.2 crore), partly attributable to favourable base (revenue fell 21%).

Domestic sales grew 41.5% YoY to Rs 533 crore whereas exports sharply increased 218% YoY to Rs 21.9 crore.

On segmental front, cooker (31% of sales), cookware (16% of sales), appliances (48% of sales) categories posted strong revenue growth of 49%, 67%, 34% YoY, respectively.

Click on the attachment to read the full report:

ICICI Direct TTK Prestige Q4FY21 Result Update.pdf

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