Quote on TTK Prestige Limited 1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on TTK Prestige Limited 1QFY22 Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd
During the 1QFY22, TTK Prestige Limited (TTK) reported consolidated revenue of ~Rs401cr (up ~77% YoY) mainly due to healthy volume growth and improvement in realisation. EBITDA increased by ~634% YoY to Rs44cr, while EBITDA margin improved by 834bps YoY to 11% due better operating leverage. On the bottom-line front, the company has reported consolidated net profit of Rs31cr (against Rs2cr in1QFY21) due to lower base last year in the same quarter. Going forward, we expect that the company will report a healthy top-line & bottom-line growth on back of the strong brand & wide distribution network, new product launches and increase in demand for kitchen products post covid-19.
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