Bengaluru, India – January 28, 2025: TTK Prestige Limited (NSE: TTKPRESTIG, BSE: 517506) has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company reported stable revenue growth, with profit after tax (PAT) at ₹57.35 crore on a consolidated basis.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Revenue from Operations: ₹727.23 crore (YoY decline of 1.5% from ₹738.40 crore)
- Total Income: ₹744.29 crore (YoY decline of 1.6% from ₹756.37 crore)
- EBITDA: ₹100.36 crore (EBITDA margin stable at 13.8%)
- Profit Before Tax (PBT): ₹75.19 crore (YoY decline of 9.2%)
- Profit After Tax (PAT): ₹57.35 crore (YoY decline of 7%)
- Earnings Per Share (EPS): ₹4.27 per share.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹2,065.22 crore (up marginally from ₹2,055.49 crore)
- EBITDA: ₹292.84 crore, with EBITDA margin at 14.2%
- Profit After Tax (PAT): ₹150.40 crore (YoY decline of 10.4% from ₹167.91 crore)
- Earnings Per Share (EPS): ₹11.10 per share.
Segment-Wise Performance
1. Kitchen & Home Appliances
- Stable demand across key product categories, focusing on premiumization and innovation.
- New product launches contributed to sales, including MagicBase cookware and Yoghurt Maker.
2. International Business & Subsidiaries
- Revenue from subsidiaries stood at ₹61.18 crore, with a profit of ₹2.69 crore for Q3 FY25.
- The international segment saw currency-related adjustments affecting reported profits.
Strategic Developments & Key Announcements
- Buyback of Shares Completed:
- The ₹200 crore share buyback at ₹1,200 per share was completed in September 2024, reducing equity capital.
- Appointment of Secretarial Auditor:
- The Board approved the appointment of Mr. Parameshwar G Hegde as Secretarial Auditor for a five-year term, subject to shareholder approval.
- No Deviation in Fund Utilization:
- The company confirmed no deviations in using funds from public issues, rights issues, or QIP placements.
Management Commentary
T.T. Jagannatha, Chairman, TTK Prestige, stated:"Despite a marginal dip in revenue, we remain committed to driving growth through premium product innovation and operational efficiencies. Our focus remains on expanding our market share while maintaining strong profitability."
Market Outlook & Investor Takeaways
- Focus on premiumization and product innovation to drive future sales growth.
- Continued cost optimization and supply chain efficiency measures to sustain profitability.
- Steady expansion in international markets despite currency fluctuations.