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Buy TTK Prestige Ltd For Target Rs. 938 - Yes Securities Ltd Result Synopsis TTKPT registered marginally better than expected performance with revenue decline of 8.1%. Revenue decline can be attributed to1) lower discretionary spends amid high inflation, 2) Wallet share has been diverted to other avenue of spending resulting in lower spends for kitchen, and 3) Stocking by the dealers have been lower. Gross margins have seen strong sequential as well as yoy expansion as raw material prices have been benign, and company has not compromised on brand premi...
Buy TTK Prestige Ltd For Target Rs. 938 - Yes Securities Ltd
Buy TTK Prestige Ltd For Target Rs. 938 - Yes Securities Ltd
Source: Yes Securities Ltd
25/08/2023 1:52:06 PM
India`s TTK Prestige posts drop in Q4 profit as cookware demand weakens Indian cookware maker TTK Prestige Ltd reported a 26% drop in fourth-quarter profit on Thursday, hurt by weakened demand for its kitchenware products. The Bengaluru-based company's consolidated net profit fell to 594.5 million rupees ($7.18 million) in the three months ended March, from 800.2 million rupees a year earlier. Consolidated revenue from operations slid more than 12% to 6.11 billion rupees, the company said in an exchange filing. Customers, hurt by rising costs, cut do...
India`s TTK Prestige posts drop in Q4 profit as cookware demand weakens
India`s TTK Prestige posts drop in Q4 profit as cookware demand weakens
Source: Reuters
25/05/2023 2:15:11 PM
Accumulate TTK Prestige Ltd For Target Rs.1,025 - Geojit Financial Services Margins to improve as input prices eased… TTK Prestige Ltd (TTK), the flagship company of the TTK group, mainly focuses on the kitchen appliances segment. The company has five manufacturing plants and strong distribution networks. • We maintain our Accumulate rating with a revised target price of Rs. 1,025, factoring in receding input price inflation. • Revenue growth was flat for Q2FY23 due to a high base (+35%YoY in Q2FY22) and de-growth in exports (-28%YoY) due to...
Accumulate TTK Prestige Ltd For Target Rs.1,025 - Geojit Financial Services
Accumulate TTK Prestige Ltd For Target Rs.1,025 - Geojit Financial Services
Source: Geojit Financial Services Ltd
10/12/2022 9:19:52 AM
Buy TTK Prestige Ltd For Target Rs.1,078 - ICICI Securities Weak quarter; Expect recovery in H2FY23 TTK Prestige reported revenue decline of 1.9% YoY in Q2FY23, as growth in all business segments declined YoY, ex-cooker. Takeaways: (1) Due to high base of Q2FY22 and consumer deferement of entry level products impacted revenues and (2) company’s EBITDA margin dipped 265bps YoY, but there was a sequential recovery in EBITDA margin due to operating leverage. Steady launch of innovative products and distribution expansion will likely drive volume...
Buy TTK Prestige Ltd For Target Rs.1,078 - ICICI Securities
Buy TTK Prestige Ltd For Target Rs.1,078 - ICICI Securities
Source: ICICI Securities Ltd
21/11/2022 11:29:00 AM
Buy TTK Prestig Ltd For Target Rs.1120 - ICICI Direct Revenue growth to pick up in H2FY23… About the stock: TTK Prestige is India’s leading player in kitchen solutions and has been successful in transforming itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances. * It continues to be market leader in the cooker segment and has material share in other appliance and cookware categories * The company, over the years, has maintained its balance sheet strength with strong ca...
Buy TTK Prestig Ltd For Target Rs.1120 - ICICI Direct
Buy TTK Prestig Ltd For Target Rs.1120 - ICICI Direct
Source: ICICI Direct Ltd
14/11/2022 9:45:46 AM
Buy TTK Prestige Ltd For Target Rs. 1,096 - Yes Securities Company confident of delivering double digit revenue growth; maintain BUY Result Synopsis TTKPT reported flat revenue growth given the higher base of Q2 FY22 which was propelled by pent?up demand following removal of Covid related lockdowns. Exports was impacted due to global recession and inflationary pressure in developed market. Gross margins were lower on liquidation of high cost inventory.  The company is gradually bringing down high cost inventory carried from previous q...
Buy TTK Prestige Ltd For Target Rs. 1,096 - Yes Securities
Buy TTK Prestige Ltd For Target Rs. 1,096 - Yes Securities
Source: Yes Securities Ltd
7/11/2022 3:36:43 PM
Buy TTK Prestige Ltd For Target Rs.1,150 - ICICI Securities Near-term margin headwinds; medium-term growth outlook remains strong According to our interaction with management of TTK Prestige: (1) Entry level products are facing demand slowdown; however, premium products continue to do well. (2) The company remains focused on growing its EBO network and reach of Ultrafresh outlets. (3) The share of online sales has declined to less than 20% as customers return to offline channels. (4) While input material prices have corrected, we note the complete ...
Buy TTK Prestige Ltd For Target Rs.1,150 - ICICI Securities
Buy TTK Prestige Ltd For Target Rs.1,150 - ICICI Securities
Source: ICICI Securities Ltd
6/09/2022 1:18:57 PM
Buy TTK Prestige Ltd For Target Rs.1,137 - Anand Rathi Share and Stock Brokers Ltd TTK’s diversified product range and all-India operations can grow amid soft near-term demand prospects. On higher costs and depreciation charges, we lower our FY23e/FY24e EBITDA/net profit by an average of 5%/9%. Tepid start to FY23. On the lower base, Q1 FY23 consolidated revenue rose 57% y/y. Q/q though, it slid 10% as (a) standalone revenue was down 7% q/q to Rs5.9bn and (b) its UK subsidiary, Horwood’s revenue was 41% lower q/q to Rs293m, attributable to rising inflation in...
Buy TTK Prestige Ltd For Target Rs.1,137 - Anand Rathi Share and Stock Brokers Ltd
Buy TTK Prestige Ltd For Target Rs.1,137 - Anand Rathi Share and Stock Brokers Ltd
Source: Anand Rathi Share and Stock Brokers Ltd
23/08/2022 1:18:13 PM
TTK Prestige surges on progressing with strategic investment and business collaboration with Ultrafresh TTK Prestige is currently trading at Rs. 827.30, up by 15.25 points or 1.88% from its previous closing of Rs. 812.05 on the BSE. The scrip opened at Rs. 818.25 and has touched a high and low of Rs. 834.50 and Rs. 813.00 respectively. So far 1915 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1269.60 on 14-Dec-2021 and a 52 week low of Rs. 748.55 on 17-Jun-2022. Last one week high and low of the scrip stood at R...
TTK Prestige surges on progressing with strategic investment and business collaboration with Ultrafresh
TTK Prestige surges on progressing with strategic investment and business collaboration with Ultrafresh
Source: Accord Fintech
27/06/2022 12:01:41 PM
Small Cap : Accumulate TTK Prestige Ltd For Target Rs.885 - Geojit Financial Services Price hike aids to reduce margin pressure TTK Prestige Ltd (TTK), the flagship company of TTK group, mainly focuses in the Kitchen Appliances segment. The company has 5 manufacturing plants and strong distribution networks, including 665 Prestige Xclusives. * We downgrade our rating to Accumulate factoring on the current high inflation and margin pressure with a revised Target price of Rs. 885 (from Rs. 975). * Despite high base, Q4FY22 revenue grew by 17%YoY (43%YoY in Q4FY21) ...
Small Cap : Accumulate TTK Prestige Ltd For Target Rs.885 - Geojit Financial Services
Small Cap : Accumulate TTK Prestige Ltd For Target Rs.885 - Geojit Financial Services
Source: Geojit Financial Services Ltd
21/06/2022 1:18:55 PM
Hold TTK Prestige Ltd For Target Rs. 980 - JM Financial Research Strong cooker sales and cost control drives beat TTK Prestige’s (TTK) 4QFY22 sales grew 17% YoY (+13% 3-year CAGR) to INR 6.5bn (5%/ 3% above JMFe/consensus). This was led by 26% growth in Cookers (healthy double-digit volume growth) while Appliances/ Cookware grew 15%/ 6% respectively. Although gross margin contracted by 500bps YoY, EBITDA margin shrank by only 210bps aided by 100bps/ 180bps reduction in employee cost/ other expenses. Adj. PAT grew 8% YoY to INR 792mn (20%/ 15% abov...
Hold TTK Prestige Ltd For Target Rs. 980 - JM Financial Research
Hold TTK Prestige Ltd For Target Rs. 980 - JM Financial Research
Source: JM Financial Research
3/06/2022 11:58:32 AM
Buy TTK Prestige Ltd For Target Rs. 1,138 - Yes Securities Strong performance in difficult environment with best in class margins; upgrade to BUY Result Synopsis TTKPT delivered a solid all‐round performance in a challenging environment. Company has been able to largely maintain its gross margins and improve on its EBITDA margins despite strong commodity headwinds. Moreover, while buoyancy in overall demand trends for entry level products has come down, demand for innovative and premium products remains strong. TTKPT has been pioneer in launchi...
Buy TTK Prestige Ltd For Target Rs. 1,138 - Yes Securities
Buy TTK Prestige Ltd For Target Rs. 1,138 - Yes Securities
Source: Yes Securities Ltd
31/05/2022 11:43:17 AM
Small Cap : Buy TTK Prestige Ltd For Target Rs.975 - Geojit Financial Price hike aids strong margins to maintain TTK Prestige Ltd (TTK), the flagship company of TTK group, mainly operates in the Kitchen Appliances segment. The company has 5 manufacturing plants and a strong distribution network, including 670 Prestige Xclusives. We revise our Target to Rs. 975 (from Rs.1,225) factoring moderate revenue growth, but upgrade to Buy due to recent correction in price. Q3FY22 revenue grew by 5.5%YoY (-11QoQ) despite high base (24%YoY in Q3FY21) and shifting ...
Small Cap : Buy TTK Prestige Ltd For Target Rs.975 - Geojit Financial
Small Cap : Buy TTK Prestige Ltd For Target Rs.975 - Geojit Financial
Source: Geojit Financial Services Ltd
4/03/2022 12:35:59 PM
Add TTK Prestige Ltd For Target Rs.1,050 - ICICI Securities Weak revenues; strong margins Rs942 Takeaways from Q3FY22: (1) modest revenue growth of 5.5% YoY, albeit protecting gross margins (up 86bps YoY), (2) company’s exports grew 43.5% YoY to Rs245mn, (3) timely price hikes helped the company to improve gross margins amidst steep inflationary pressures and (4) e-commerce growth was hindered with the re-opening of offline channels. Steady launch of new innovative products (46 new SKUs in Q3FY22) and distribution expansion are driving volume...
Add TTK Prestige Ltd For Target Rs.1,050 - ICICI Securities
Add TTK Prestige Ltd For Target Rs.1,050 - ICICI Securities
Source: ICICI Securities Ltd
5/02/2022 9:15:07 AM
Buy TTK Prestig Ltd For Target Rs.13000 - ICICI Direct Gearing up to maintain sustained growth momentum About the stock: TTK Prestige is India’s leading player in kitchen solutions and has succeeded in transforming itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances. * It continues to be a market leader in the cooker segment and has material share in other appliance and cookware categories * The company, over the years, has maintained its balance sheet strength with strong c...
Buy TTK Prestig Ltd For Target Rs.13000 - ICICI Direct
Buy TTK Prestig Ltd For Target Rs.13000 - ICICI Direct
Source: ICICI Direct
2/12/2021 10:19:33 AM
Key News - Reliance Industries Ltd, TTK Prestige Ltd, ITC Ltd, Terracis Technologies Ltd, JSW Energy Ltd, Bharti Airtel Ltd By ARETE Securities Key News Reliance, Aramco call off $15-bn deal amid valuation differences: Report Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns. Talks broke down over how much Reliance's oil-to-chemicals (O2C) business should be valued as the world seeks to move away from fossil fuels and reduce emissions, they said. Instead, Reliance will now focus on signing m...
Key News - Reliance Industries Ltd, TTK Prestige Ltd, ITC Ltd, Terracis Technologies Ltd, JSW Energy Ltd, Bharti Airtel Ltd By ARETE Securities
Key News - Reliance Industries Ltd, TTK Prestige Ltd, ITC Ltd, Terracis Technologies Ltd, JSW Energy Ltd, Bharti Airtel Ltd By ARETE Securities
Source: ARETE Securities Ltd
26/11/2021 9:23:04 AM
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities Solid all‐round performance with positives priced in; downgrade to REDUCE Our view TTKPT delivered a solid all‐round performance with highest ever quarterly revenue and margin expansion despite significant commodity inflation. TTKPT has been able to pass on the increased input prices on back of innovative products and strong brand loyalty. Moreover, demand continues to remain robust as festive season is looking exciting. We believe company can still deliver growth on high base of 1HFY22...
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities
Source: Yes Securities Ltd
19/11/2021 9:25:30 AM
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities Solid all‐round performance with positives priced in; downgrade to REDUCE Our view TTKPT delivered a solid all‐round performance with highest ever quarterly revenue and margin expansion despite significant commodity inflation. TTKPT has been able to pass on the increased input prices on back of innovative products and strong brand loyalty. Moreover, demand continues to remain robust as festive season is looking exciting. We believe company can still deliver growth on high base of 1HFY22...
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities
Reduce TTK Prestige Ltd For Target Rs.11,541 - Yes Securities
Source: Yes Securities Ltd
4/11/2021 11:20:21 AM
Add TTK Prestige Ltd For Target Rs.9,751 - ICICI Securities Innovation leading to market share gains Key takeaways from Q1FY22: (1) share of e-commerce increased to 32% of net sales, up from 20% in FY21, (2) company’s exports grew 68% (YoY) 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 sub...
Add TTK Prestige Ltd For Target Rs.9,751 - ICICI Securities
Add TTK Prestige Ltd For Target Rs.9,751 - ICICI Securities
Source: ICICI Securities
30/08/2021 11:39:22 AM
Buy TTK Prestige Ltd For Target Rs. 10,675 - ICICI Direct Capacity expansion to spur revenue growth… About the stock: TTK Prestige is India’s leading player in kitchen solutions and has successfully transformed itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances. * It continues to be market leader in the cooker segment and has material share in other appliance and cookware categories * Over the years, the company has maintained its balance sheet strength with strong ...
Buy TTK Prestige Ltd For Target Rs. 10,675 - ICICI Direct
Buy TTK Prestige Ltd For Target Rs. 10,675 - ICICI Direct
Source: ICICI Direct
9/08/2021 9:19:42 AM
Small Cap - Accumulate TTK Prestige Ltd For Target Rs. 9,800 - Geojit Financial Focusing long-term growth amidst challenges TTK Prestige Ltd (TTK), the flagship company of TTK group, mainly operates in the Kitchen Appliances segment. The company has 5 manufacturing plants and a strong distribution network, including 630 Prestige Xclusives. * We maintain Accumulate rating with a revised Target of Rs.9,800, considering healthy recovery in the quarter. * Q1FY22 revenue grew by 77%YoY (-33%QoQ) supported by a low base (-51% in Q1FY21) and price hike. * Sharp surg...
Small Cap - Accumulate TTK Prestige Ltd For Target Rs. 9,800 - Geojit Financial
Small Cap - Accumulate TTK Prestige Ltd For Target Rs. 9,800 - Geojit Financial
Source: Geojit Financial Services
5/08/2021 8:54:30 AM
Add TTK Prestige Ltd For Target Rs. 10,493 - Yes Securities Demonstration of pricing power and innovation prowess in difficult environment; maintain ADD Our view 1Q saw lower than expected revenue growth on back of extended lockdown in the southern region, a key market for the company. Gross margins saw expansion of 402bps on the back of low base, change in product mix towards premium products, success of high-margin new launches and demonstration of pricing power as the company took multiple rounds of price increases to the tune of 8-11% to pas...
Add TTK Prestige Ltd For Target Rs. 10,493 - Yes Securities
Add TTK Prestige Ltd For Target Rs. 10,493 - Yes Securities
Source: Yes Securities
28/07/2021 10:38:33 AM
Quote on TTK Prestige Limited  1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd 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...
Quote on TTK Prestige Limited  1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
Quote on TTK Prestige Limited  1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
27/07/2021 1:21:28 PM
Add TTK Prestige Ltd For Target Rs. 9,200 - ICICI Securities E-commerce & rural to drive growth We hosted the senior management of TTK Prestige for a discussion with investors on business climate. Takeaways: (1) The company registered strong demand from rural areas in FY21, on account of higher trade investments in rural markets. The demand from rural markets is likely to remain strong even in FY22, (2) In-spite of inflationary pressures in commodity prices, price hikes and cost saving initiatives are likely to support EBITDA margins in FY22, (3...
Add TTK Prestige Ltd For Target Rs. 9,200 - ICICI Securities
Add TTK Prestige Ltd For Target Rs. 9,200 - ICICI Securities
Source: ICICI Securities
16/07/2021 10:48:02 AM
Add TTK Prestige Ltd For target Rs. 9,000 - ICICI Securities Innovation leading to market share gains We remain structurally positive on TTK Prestige as (1) the company continues to invest aggressively in innovation and plans to launch 120 products in FY22. Steady investments in innovation, branding and distribution expansion is resulting in market share gains, (2) there is steady reduction in replacement cycle of TTK’s products. It results in structural growth prospects for the company and (3) the improvement in revenue mix is margin accretiv...
Add TTK Prestige Ltd For target Rs. 9,000 - ICICI Securities
Add TTK Prestige Ltd For target Rs. 9,000 - ICICI Securities
Source: ICICI Securities
25/06/2021 10:06:25 AM
Buy TTK Prestige Ltd For Target Rs. 9760 - ICICI Direct Gearing up to garner strong revenue growth…. With renewed interest in cookware & kitchen appliances demand, TTK continued to report a solid operational performance in Q4FY21 with strong beat across all parameters. Revenue for the quarter grew 44.7% YoY (twoyear CAGR: 6.4%) to | 554.9 crore (I-direct estimate: | 518.2 crore), partly attributable to favourable base (revenue fell 21%). Domestic sales grew 41.5% YoY to | 533 crore whereas exports sharply increased 218% YoY to | 21.9...
Buy TTK Prestige Ltd For Target Rs. 9760 - ICICI Direct
Buy TTK Prestige Ltd For Target Rs. 9760 - ICICI Direct
Source: ICICI Direct
22/06/2021 10:00:52 AM
Small Cap : Accumulate TTK Prestige Ltd (TTK) For Target Rs. 9,750 - Geojit Financial Growth across all category & channels TTK Prestige Ltd (TTK), the flagship company of TTK group, mainly operates in the Kitchen Appliances segment. The company has 5 manufacturing plants and a strong distribution network, including 620 Prestige Xclusives. * We revise upwards our Target to Rs.9,750 (earlier Rs.8,180) and maintain Accumulate rating considering strong performance. * Q4FY21 revenue growth was strong at 43%YoY led by growth across all categories, channels and geograph...
Small Cap : Accumulate TTK Prestige Ltd (TTK) For Target Rs. 9,750 - Geojit Financial
Small Cap : Accumulate TTK Prestige Ltd (TTK) For Target Rs. 9,750 - Geojit Financial
Source: Geojit Financial
8/06/2021 10:38:42 AM
Buy TTK Prestige Ltd For Target Rs.8,030 - ICICI Direct Well placed to capitalise on strong demand… TTK Prestige reported strong topline growth of 24.4% YoY to | 679.4 crore. The management indicated that it lost ~| 20-30 crore on account of non availability of certain SKUs for which the management is shifting the sourcing from China to domestic vendors. Domestic kitchen and home appliance demand was strong as people were working from home most of the time and also due to accentuated preference for home cooked food. Growth was broad bas...
Buy TTK Prestige Ltd For Target Rs.8,030 - ICICI Direct
Buy TTK Prestige Ltd For Target Rs.8,030 - ICICI Direct
Source: ICICI Direct
12/03/2021 12:04:06 PM
Add TTK Prestige For Target Rs. 7,850 - HDFC Securities Broad-based recovery, improving earnings visibility TTK delivered a stellar performance as revenue/EBITDA grew by 24/42% YoY (HSIE 18/19%). Festive demand, improving consumer sentiments, pent-up benefits and ease out in supply chain issue supported the growth (even sustained in Jan-21 with 20% growth). E-comm remained the fastest growing channel, although all channels saw recovery, specifically MFIs. New launches performed well for the company and categories like dishwashers and chimney...
Add TTK Prestige For Target Rs. 7,850 - HDFC Securities
Add TTK Prestige For Target Rs. 7,850 - HDFC Securities
Source: HDFC Securities Ltd
11/03/2021 9:52:36 AM
Mid Cap : Accumulate TTK Prestige Ltd For Target Rs.8,180 - Geojit Financial Strong growth & margins TTK Prestige Ltd (TTK), the flagship company of TTK group, mainly operates in the Kitchen Appliances segment. The company has 5 manufacturing plants and a strong distribution network, including 611 Prestige Xclusive. * We revise upwards our Target to Rs.8,180 (earlier Rs.6,870) considering strong performance but revised to Accumulate (from Buy) due to recent sharp increase in stock price. * Q3FY21 revenue grew by 23.6%YoY led by strong growth across all ca...
Mid Cap : Accumulate TTK Prestige Ltd For Target Rs.8,180 - Geojit Financial
Mid Cap : Accumulate TTK Prestige Ltd For Target Rs.8,180 - Geojit Financial
Source: Geojit Financial Services Ltd
14/02/2021 11:59:41 AM
Buy TTK Prestige Ltd For Target Rs.6900 - ICICI Direct Robust demand trends to spur revenue growth…. TTK Prestige reported moderate topline growth of 2.9% YoY to | 590.2 crore. The headline number does not reflect the underlying demand scenario. The recovery in demand for kitchen and home appliances has been robust and the company was unable to cope up with demand owing to slow ramp up of its own capacities coupled with supply chain constraints at the vendor’s end. Hence, it lost sales of ~ | 70 crore in July. The supply side iss...
Buy TTK Prestige Ltd For Target Rs.6900 - ICICI Direct
Buy TTK Prestige Ltd For Target Rs.6900 - ICICI Direct
Source: ICICI Direct
21/01/2021 9:37:15 AM