TTK Prestige Ltd.

NSE: TTKPRESTIG | BSE: 517506 | ISIN: INE690A01028 | Industry: Household Appliances
| Expensive Underperformer

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TTK Prestige Ltd.
11 Aug 2020
612.35
-2.71%
ICICI Securities Limited
Post relaxations in lockdown, green shoots were visible with renewed customer interest in kitchen appliances and cleaning segment as majority of people preferred home cooked food. Despite less than two-third of channels being operational, June sales rebounded strongly with sales reaching 90% of pre-Covid sales. The healthy trajectory sustained in July with revenues at 90%+ pre-Covid levels. As anticipated, revenues from e-commerce channel grew at the fastest rate with overall share now rising to 25% (from earlier ~12%). TTK is the market leader on e-commerce platform with margins and...
TTK Prestige Ltd. is trading at high day volume of 392.2K.
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