Financial Results Overview

The Board of Directors of TTK Prestige Limited approved the unaudited financial results for the second quarter and half year ended September 30, 2026 at their meeting held on November 06, 2026. The meeting commenced at 10:25 AM and concluded at 12:40 PM.

Standalone Financial Performance

Q2 FY2026 (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹959.30 crore (vs ₹786.64 crore in Q2 FY2025)
  • Other income: ₹14.25 crore
  • Total income: ₹973.55 crore
  • Profit before tax & exceptional items: ₹163.14 crore (vs ₹94.22 crore in Q2 FY2025)
  • Exceptional items: ₹(15.53) crore (impairment of investments)
  • Profit before tax: ₹147.61 crore
  • Tax expense: ₹39.59 crore (Current: ₹41.64 crore, Deferred: ₹(2.05) crore)
  • Profit for the period: ₹106.02 crore (vs ₹70.10 crore in Q2 FY2025)
  • Total comprehensive income: ₹108.39 crore
  • Basic EPS: ₹7.89 (vs ₹5.12 in Q2 FY2025)
  • Diluted EPS: ₹7.88 (vs ₹5.12 in Q2 FY2025)

H1 FY2026 (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹1,730.66 crore (vs ₹1,361.41 crore in H1 FY2025)
  • Other income: ₹31.52 crore
  • Total income: ₹1,762.18 crore
  • Profit before tax & exceptional items: ₹245.57 crore (vs ₹141.43 crore in H1 FY2025)
  • Exceptional items: ₹(8.26) crore net
  • Profit before tax: ₹237.31 crore
  • Tax expense: ₹62.91 crore (Current: ₹66.45 crore, Deferred: ₹(3.54) crore)
  • Profit for the period: ₹174.40 crore (vs ₹105.23 crore in H1 FY2025)
  • Total comprehensive income: ₹176.11 crore
  • Basic EPS: ₹12.73 (vs ₹7.68 in H1 FY2025)
  • Diluted EPS: ₹12.72 (vs ₹7.68 in H1 FY2025)

Consolidated Financial Performance

Q2 FY2026 (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹1,008.96 crore
  • Other income: ₹13.79 crore
  • Total income: ₹1,022.75 crore
  • Profit before tax & exceptional items: ₹154.91 crore
  • Exceptional items: ₹(2.00) crore
  • Profit before tax: ₹152.91 crore
  • Tax expense: ₹48.47 crore (Current: ₹41.86 crore, Deferred: ₹6.61 crore)
  • Profit for the period: ₹104.44 crore
  • Total comprehensive income: ₹107.34 crore
  • Basic EPS: ₹8.11
  • Diluted EPS: ₹8.10

H1 FY2026 (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹1,822.81 crore
  • Other income: ₹30.90 crore
  • Total income: ₹1,853.71 crore
  • Profit before tax & exceptional items: ₹228.33 crore
  • Exceptional items: ₹(5.27) crore net
  • Profit before tax: ₹233.60 crore
  • Tax expense: ₹70.19 crore (Current: ₹66.85 crore, Deferred: ₹3.34 crore)
  • Profit for the period: ₹163.41 crore
  • Total comprehensive income: ₹167.14 crore
  • Basic EPS: ₹12.44
  • Diluted EPS: ₹12.43

Exceptional Items Details

1. Impairment of Investments: ₹2.00 crore impairment loss against investment in Compulsorily Convertible Debentures of GramyaHaat Rural-Tech Private Limited in both standalone and consolidated results

2. Divestment of Subsidiary: ₹13.53 crore impairment loss on proposed divestment of investment in Ultrafresh Modular Solutions Limited (recognized only in standalone results)

3. Labor Code Adjustments: ₹7.27 crore adjustment to provision following alignment of salary structures with Labour Codes

4. Voluntary Retirement Scheme: ₹9.98 crore expense recognized in FY2025-26 for VRS at Hosur factory

Subsidiary Information

The consolidated results include:

  • TTK Prestige Limited (Parent Company)
  • TTK British Holdings Limited and its 100% subsidiary Horwood Homewares Limited (Wholly Owned Foreign Subsidiary)
  • Ultrafresh Modular Solutions Limited (51% Indian Subsidiary, since divested)

Operational Highlights

  • The group operates under one segment of Kitchen & Home appliances
  • CSR expenditure for H1 FY2026: ₹2.88 crore (PY H1: ₹3.20 crore)
  • Business excellence initiative expenses for H1 FY2026: ₹13.11 crore (PY H1: ₹35.60 crore)

Balance Sheet Highlights (as of September 30, 2026)

Standalone

  • Total assets: ₹2,832.16 crore (vs ₹2,623.01 crore as of March 31, 2026)
  • Property, plant and equipment: ₹451.94 crore
  • Inventories: ₹766.86 crore
  • Trade receivables: ₹372.99 crore
  • Cash and cash equivalents: ₹16.74 crore
  • Equity share capital: ₹13.70 crore
  • Other equity: ₹2,055.29 crore

Consolidated

  • Total assets: ₹2,944.23 crore (vs ₹2,724.96 crore as of March 31, 2026)
  • Property, plant and equipment: ₹453.65 crore
  • Inventories: ₹840.96 crore
  • Trade receivables: ₹425.29 crore
  • Cash and cash equivalents: ₹17.68 crore
  • Equity share capital: ₹13.70 crore
  • Other equity: ₹2,039.51 crore
  • Non-controlling interest: ₹(15.22) crore

Cash Flow Highlights (H1 FY2026)

Standalone

  • Cash from operating activities: ₹(4.15) crore
  • Cash from investing activities: ₹107.24 crore
  • Cash from financing activities: ₹(117.67) crore
  • Net decrease in cash: ₹(14.58) crore

Consolidated

  • Cash from operating activities: ₹(15.16) crore
  • Cash from investing activities: ₹105.54 crore
  • Cash from financing activities: ₹(108.38) crore
  • Net decrease in cash: ₹(18.00) crore

Auditor Review

The financial results were reviewed by the statutory auditors M/s. PKF Sridhar & Santhanam LLP, who issued limited review reports stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.