TTK Prestige Ltd. share price target

TTK Prestige on March 22, 2019 made an announcement to consider issuing bonus shares, subject to the approval of the Board of Directors, shareholders and regulatory provisions. The Board recommended the issue of bonus shares in proportion of one bonus share (face value of | 10 each) for every five equity shares held. The record date for the same is May 16, 2019 while ex-date for the same is today i.e. May 15, 2019. Consequently, the TTK Prestige share price has dropped to | 7400/ share from | 8880/share. Our target price has also been revised to | 6745/share from the earlier...

ICICI Securities Ltd | Retail Equity Research TTK reported robust revenue growth (net of discounts) of 20.5% YoY to | 552.0 crore (I-direct estimate: | 549.9 crore). The healthy growth can be attributed to buoyant consumer sentiment and a shift of the festive season. Domestic sales grew 23% YoY to | 588 crore while exports grew 14.4% YoY to | 9.6 crore EBITDA margins for the quarter expanded 100 bps YoY to 15.5% (Idirect estimate: 14.5%) mainly on account of a favourable product mix and lower other expenses. Higher employee expenses (up 30%...

Hi, For Q2FY2019, TTK Prestige (TTK) posted decent performance with 7.2%/28.5% yoy growth in revenue/ PAT led by 187 bps expansion in margin. The company has delivered strong profitability during the quarter despite revenue loss of ~ `15 cr due to Kerala flood (Kerala normally contributes 10%+ of Q2 revenue). Outlook and Valuation: We hav..

ICICI Securities Ltd | Retail Equity Research TTK Prestige reported healthy operational performance, driven by strong EBITDA margin expansion in Q2FY19. As anticipated, TTK reported moderate topline growth of 7.3% YoY to | 552.3 crore I-direct estimate: | 538.2 crore). The soft topline growth was on account of high base effect and impact of Kerala floods on the business. Domestic sales grew by 6.5% YoY to | 576 crore, while exports witnessed significant recovery by registering...

TTK Prestige (TTK) reported another steady quarter with revenue/EBITDA/adj. net income growth of 7%/6%/10% YoY despite a) Kerala floods (INR 150mn impact on sales) and b) high base (GST restocking). The company hopes to sustain the current growth momentum with a 14% EBITDA margin trajectory on the back of distribution expansion (deeper rural penetration) and product expansion (cleaning solutions, water purifiers, etc.). We appreciate the improved growth momentum (especially cookers led by the Ujjwala scheme); the recent correction in the stock provides an attractive price point for entry/addition, in our view. We introduce FY21 forecasts and roll forward with an SOTP-based Sep'19 TP of INR 7100 and...

TTK Prestige (TTK) is the leading brands in kitchen appliances with 40%+ market share in organized market. It has evolved from being a single product company to a multi product company offering an entire gamut of kitchen and home appliances (600+ products). It expects to double its revenue in the next 5 years backed by revival in consumpt..

ICICI Securities Ltd | Retail Equity Research Standalone revenues (net of discounts) for Q1FY19 grew 17.2% YoY to | 418.9 crore (I-direct estimate: | 393.1 crore). Domestic sales grew 16.6% YoY to | 429 crore while exports witnessed a significant recovery registering revenue growth of 70% YoY to | 15.5 crore. On...

Revenues for Q4FY18 grew 11.6% YoY to | 443.7 crore (I-direct estimate: | 431.1 crore). Domestic sales grew 14.5% YoY to | 426 crore while exports continued their subdued performance registering de-growth of 6% YoY to | 10.01 crore EBITDA margins for the quarter expanded 109 bps YoY to 13.6% (Idirect estimate: 13.0%) on the back of an enhanced product mix and positive operating leverage. Subsequently, absolute EBITDA increased 21.4% YoY to | 60.4 crore (I-direct estimate: | 56.0 crore) Net profit for the quarter came in at | 37.4 crore (I-direct estimate:...