TTK Prestige - Strengthens Core In FY21; Outlook Remains Robust: Anand Rathi
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Anand Rathi Report
On going through the FY21 annual report, we maintain our positive stance on TTK Prestige Ltd.
The company has emerged stronger in FY21 and the growth momentum would continue in FY22 as is product range and geographic reach continues expanding pan-India, supported by stock keeping unit expansion.
Growth in cleaning solutions can be high as the company intends this brand to be the first across all India in this category, on levering its marketing network and brand proposition.
Exports are another growth lever, which can deliver.
Risks: Constrained demand for kitchen appliances, which could impact the company’s domestic business growth prospects.
Unfavourable sentiment across UK, which could hurt the demand prospects of its subsidiary, Horwood.
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