Now Reading: TTK Prestige profit jumps 89% as it targets premium market
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TTK Prestige profit jumps 89% as it targets premium market
TTK Prestige reported a net profit of Rs 66.4 crore for the first quarter of FY27, up 89% from Rs 35.13 crore a year ago. Revenue grew 34.2% to Rs 771.4 crore,…
The Story in Brief
TTK Prestige reported a net profit of Rs 66.4 crore for the first quarter of FY27, up 89% from Rs 35.13 crore a year ago. Revenue grew 34.2% to Rs 771.4 crore, driven by strong domestic demand. The Bengaluru-based kitchen appliances maker aims to grow faster than the market and continue its focus on premium products, according to managing director Venkatesh Vijayaraghavan. The company's operating EBITDA rose 74.3%, reflecting improved efficiency. TTK Prestige is investing in innovation, retail expansion, and premiumisation to strengthen market leadership.
The Indian Opinion
The upbeat talk of growing faster than the market feeds a narrative of inevitable premium shift. Yet TTK's strong numbers come after two years of restructuring. The real question is whether consumers will pay a premium for Prestige products when cheaper alternatives offer similar features. Watch the company's market share data in the next quarter to see if this strategy holds.
Source: thehindu.com
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