TTK Prestige Ltd Share Price – NSE /  BSE

Consumer Durables, Small Cap

However, revenue from operations increased 2.82% YoY to Rs 750.06 crore in the quarter ended 30 September 2024.

Profit before tax in the second quarter of FY24 stood at Rs 70.40 crore, down 11.46% from Rs 79.51 crore recorded in the corresponding quarter previous year.

On standalone basis, the household appliances maker's net profit fell 7.37% to Rs 57.59 crore on 3.63% increase in revenue from operations to Rs 708.52 crore in Q2 FY25 over Q2 FY24.

EBITDA slipped 5% to Rs 95 crore in the quarter ended 30 September 2024 as compared to Rs 100 crore posted in the same quarter previous year. EBITDA margin reduced to 13.5% in Q2 FY24 as against 14.6% in Q2 FY24.

Total sales for Q2 FY25 was at Rs 708.5 crore, up from Rs 683.7 crore in the same quarter last year, reflecting a growth of 3.6%. Domestic sales reached Rs 695.1 crore, an increase from Rs 665.4 crore in the previous year, marking a growth of 4.5%. In contrast, export sales for the quarter totaled Rs 13.5 crore, down from Rs 18.3 crore in the prior year, indicating a decline of 26.23%.

On half year basis the company’s consolidated net profit slipped 11.81% to Rs 94.62 crore in H1 FY25 as against Rs 107.29 crore posted in H1 FY24. However the company’s revenue from operation increased 1.59% YoY to Rs 1,337.99 crore in H1 FY25.

TTK Prestige manufactures kitchen appliances and cookware, under the Prestige brand.

The scrip rose 0.02% to Rs 869.25 on the BSE.

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Net profit of TTK Prestige declined 10.80% to Rs 52.87 crore in the quarter ended September 2024 as against Rs 59.27 crore during the previous quarter ended September 2023. Sales rose 2.82% to Rs 750.06 crore in the quarter ended September 2024 as against Rs 729.47 crore during the previous quarter ended September 2023.

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TTK Prestige will hold a meeting of the Board of Directors of the Company on 30 October 2024.

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The buyback price fixed at Rs 1,200 per equity share, representing a 25.63% premium to Thursday closing price of Rs 955.15 on the BSE.

The company will buyback up to 16.66 lakh fully paid-up equity shares, representing upto 1.2% of the total paid-up equity shares of the company.

The buyback offer size represents 9.88% and 9.88% of the aggregate of the total paid-up equity share capital and free reserves of the company based on the latest audited standalone and consolidated financial statements of the company as on 31 March 2024, respectively.

The company has fixed 14 August 2024 as the record date for the purpose of determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

TTK Prestige manufactures kitchen appliances and cookware, under the Prestige brand.

The kitchen appliances manufacturer reported 1.01% decline in consolidated net profit to Rs 57.42 crore on 1.89% slide in revenue from operations to Rs 622.56 crore in Q4 FY24 over Q4 FY23.

Shares of TTK Prestige hit 52-week high of Rs 1,011 in today’s intraday session.

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