TTK Prestige Limited – Investor Presentation Summary

Key Operational Highlights

  • Domestic Sales grew 23.4% to ₹944.5 Crores in Q2 FY27 (PY ₹765.4 Crores)
  • Export Sales declined to ₹14.8 Crores in Q2 FY27 (PY ₹21.3 Crores)
  • Strong growth across all channels: General Trade, e-commerce, modern trade, exclusive brand outlets, and Canteen Stores
  • Induction cooktops remained primary growth driver; cookware segment led category growth
  • Company introduced 7 new SKUs during the quarter across categories
  • Prestige Xclusive retail network expanded to 727 stores across 346 towns

Key drivers of operational performance: Premiumization trend, smart and energy-efficient products, improving consumer sentiment, festive-season purchases, strengthening replacement demand, and successful execution of strategic initiatives.

Segment-wise Performance

Q2 FY27 Standalone Sales Breakdown:

  • Cookers: ₹275.2 Crores (18.7% growth, 28.7% of total sales)
  • Cookware: ₹162.6 Crores (28.7% growth, 17.0% of total sales)
  • Appliances: ₹462.5 Crores (23.5% growth, 48.2% of total sales)
  • Others: ₹44.1 Crores (35.2% growth, 4.6% of total sales)
  • Exports: ₹14.8 Crores (-30.4% growth, 1.5% of total sales)

H1 FY27 Standalone Sales Breakdown:

  • Cookers: ₹507.7 Crores (23.1% growth, 29.3% of total sales)
  • Cookware: ₹300.8 Crores (34.1% growth, 17.4% of total sales)
  • Appliances: ₹814.1 Crores (30.0% growth, 47.0% of total sales)
  • Others: ₹80.5 Crores (30.1% growth, 4.7% of total sales)
  • Exports: ₹27.6 Crores (-25.1% growth, 1.6% of total sales)

Explanation of significant changes in segment performance: Cookware segment growth driven by continued premiumization and favourable product mix. Electrical kitchen appliances and cookers also delivered strong growth. Judge brand grew 79% to ₹46.3 Crores in Q2 and 84% to ₹80.8 Crores in H1.

Financial Highlights

Q2 FY27 Standalone:

  • Revenue: ₹959.3 Crores (21.9% growth YoY)
  • Operating EBITDA (before exceptional): ₹171.7 Crores (70.9% growth YoY)
  • Operating EBITDA margin before provision: 18.0% (PY 15.0%)
  • Operating EBITDA margin after provision: 17.9% (PY 12.8%)
  • PAT: ₹108.02 Crores (54.1% growth YoY)
  • EPS (Diluted): ₹7.88 per share (54.0% growth YoY)
  • Profit before Tax (before exceptional): ₹163.1 Crores (73.1% growth YoY)

H1 FY27 Standalone:

  • Revenue: ₹1,730.7 Crores (27.1% growth YoY)
  • Operating EBITDA (before exceptional): ₹260.5 Crores (72.0% growth YoY)
  • Operating EBITDA margin before provision: 15.7% (PY 13.7%)
  • Operating EBITDA margin after provision: 15.1% (PY 11.1%)
  • PAT: ₹174.4 Crores (65.7% growth YoY)
  • EPS (Diluted): ₹12.72 per share (65.6% growth YoY)
  • Profit before Tax (before exceptional): ₹245.6 Crores (73.6% growth YoY)

Exceptional Items:

  • Q2: Investment impairment loss of ₹15.5 Crores (₹13.5 Crores for Ultrafresh divestment + ₹2 Crores for GramyaHaat CCD investment)
  • H1: New Labour Code impact provision reversal of ₹7.3 Crores + Investment impairment loss of ₹15.5 Crores

Drivers of financial performance: Higher revenue growth, strategic sourcing, supply chain efficiencies, timely pricing interventions, and operational excellence.

Key Risks: Volatility in raw material prices, rising freight and energy costs, pricing pressures, intense competition, geopolitical developments, export market uncertainty.

Geographical Revenue Split

  • Domestic: ₹944.5 Crores (98.5% of total)
  • Export: ₹14.8 Crores (1.5% of total)
  • Exports continue to struggle due to continued West Asia Crisis and tariff challenges

Balance Sheet Snapshot

  • Healthy free cash balance of more than ₹755 Crores as of September 30, 2026, including short-term liquid investments
  • Strong liquidity position while continuing to fund capital investments and optimize working capital requirements
  • Debt-free balance sheet

Capex & Cash Flow Health

  • Company maintained strong cash position while funding capital investments
  • Working capital optimization ongoing
  • Investment Rationale: Focus on capacity expansion, technology upgrades, and strategic investments for long-term value creation

Strategic & R&D Initiatives

  • Divestment of 51% stake in Ultrafresh Modular Solutions Limited (completed October 1, 2026)
  • Repositioned Judge brand showing strong growth (79% in Q2)
  • 7 new SKUs introduced during the quarter
  • Ongoing transformation initiatives to improve operational effectiveness
  • Strategic investments for long-term value creation

Expected impact on growth: Product pipeline and strategic investments expected to sustain business momentum.

Industry Trends & Business Environment

  • Demand for kitchen appliances remained robust during the quarter
  • Premiumization continued to drive growth with smart, energy-efficient products
  • Growing adoption of modern kitchens, rising disposable incomes, increased awareness of convenience-oriented products
  • Continued inflation in key commodity inputs exerting pressure on gross margins
  • Indian GDP growth strong at 7.8% in Q1 FY27, projected at 7.1% for FY27

Impact on Company: Macro trends affecting margins through input cost inflation, but company mitigating through strategic sourcing and pricing interventions.

Management Commentary & Growth Outlook

Strategic Outlook: \"Company remains well positioned to pursue growth opportunities, leveraging its strong brands, broad market presence, and debt-free balance sheet.\"

FY Guidance: Demand trends remained encouraging in October, supporting a positive outlook for the balance of FY27. Management remains confident of sustaining business momentum and delivering growth in FY27.

Risks and Opportunities: Company will be spending certain soft strategy expenses during the remainder of FY27 as per plans announced earlier. These are one-time in nature for long-term benefits and may have some transient impact on profits in the second half of the year.

Subsidiaries Performance

Horwood Homewares Ltd (UK Subsidiary):

  • Q2 FY27 sales: £3.5 million (7.3% growth)
  • H1 FY27 sales: £6.0 million (7.8% growth)
  • Q2 Operating EBITDA: £(0.08) million
  • H1 Operating EBITDA: £(0.55) million

Ultrafresh Modular Solutions Limited (Indian Subsidiary - divested):

  • Q2 FY27 sales: ₹6.0 Crores
  • H1 FY27 sales: ₹16.0 Crores
  • Q2 Operating EBITDA: ₹(3.4) Crores
  • H1 Operating EBITDA: ₹(3.6) Crores

#CompanyName: TTK Prestige Limited