TTK Prestige Ltd. News and Updates

Name: Latest research reports of TTK Prestige Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: TTK Prestige Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on TTK Prestige Ltd. from all sources in a single place.

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TTK Prestige Ltd.

28 Jul 2021

618.50

0.77%

TTK Prestige

Buy: TTK Prestige Ltd.

Target

ICICI Securities Limited

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...

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

TTK Prestige Ltd.

27 Jul 2021

618.50

0.77%

TTK Prestige Standalone June 2021 Net Sales at Rs 356.92 crore, up 71.15% Y-o-Y

Moneycontrol

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TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

TTK Prestige Ltd.

07 Jun 2021

618.50

0.77%

TTK PRESTIGE LTD

Accumulate: TTK Prestige Ltd.

Target

Geojit BNP Paribas

Second wave of Covid-19 is likely to impact in the near-term, but longterm-demand outlook is positive given ongoing vaccination and strong thrust of GoI to revive the economy. We value TTK at 42xFY23E. Significant distribution expansion will support future growth. Q4FY21 consolidated revenue increased 43%YoY aided by revival across all categories & channels along with price hike (5%-19%). The core segments, Pressure Cooker and Cookware grew by 49% and 67%YoY respectively while Kitchen appliances grew by 34%YoY. E-Com sales growth continued to be strong and the revenue mix increased to 19% from 14% in FY20 (16% in Q3FY21). MFI (Micro Finance) routed sales were very...

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

TTK Prestige Ltd.

01 Jun 2021

618.50

0.77%

TTK Prestige concludes long-term settlement with workers at Gujarat plant

Business Standard

Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

Buy TTK Prestige; target of Rs 9760: ICICI Direct

Moneycontrol | 01 Jun 2021

TTK Prestige Ltd.

28 May 2021

618.50

0.77%

Broker's call: TTK Prestige (Buy)

Business Line

Anand RathiTTK Prestige (Buy) Target: 9,897CMP: 8806.40Despite the challenging times, TTK Prestige has emerged stronger in FY21 and is set to benefi

TTK Prestige Ltd. is trading below all available SMAs

TTK Prestige rolls out benefits to deceased employees' families

Business Line | 28 May 2021

TTK Prestige Ltd.

27 May 2021

618.50

0.77%

EARNINGS UPDATE-TTKPT 4QFY21

Buy: TTK Prestige Ltd.

Target

Chola Wealth Direct

Background: TTKPT broadly operates under 3 major segments - Pressure Cooker & Pans, Non-stick Cookware and Kitchen Electric Appliances. TTKPT enjoys high brand recall and they spend ~7.2% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. TTKPT has a market share of ~60% in the outer-lid pressure cooker, ~15% in inner-lid pressure cooker within the organized market and in...

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

TTK Prestige Ltd.

26 May 2021

618.50

0.77%

TTK Prestige's shares hit a new 52-week high after its Q4 results

livemint

After a robust quarter, near-term outlook appears uncertain due to the impact of the second wave of covid-19. Also, higher raw material costs may pose a risk to margin performance and that's worth monitoring, going ahead

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

TTK Prestige Ltd.

26 May 2021

618.50

0.77%

TTK Prestige Consolidated March 2021 Net Sales at Rs 598.03 crore, up 42.99% Y-o-Y

Moneycontrol

NULL

TTK Prestige Ltd. is trading below all available SMAs

TTK Prestige Ltd.

26 May 2021

618.50

0.77%

TTK Prestige

Buy: TTK Prestige Ltd.

Target

ICICI Securities Limited

Despite a challenging start to the financial year (Q1 revenue down 51% YoY), TTK staged an impressive recovery by exiting FY21 with revenue growth of 5% YoY. Supply chain issues faced in H1FY21 largely stabilised in H2FY21. E-commerce was the key segment to drive sales growth for the year (~20% of revenues) but momentum in other channels (MBOs, LFS, Prestige Xclusive) also picked up pace in Q4FY21. Among categories, on the back of new launches, cookware segment outperformed (16% of revenues) with healthy sales growth of 16% YoY in FY21. The cookware division posted its...