TTK Prestige's Tumbling Profits Amidst Market Challenges
TTK Prestige reported a 37.2% decline in net profit for the June 2025-26 quarter, although revenue rose slightly. The company cited competitive market pressures and geopolitical issues affecting aluminum prices as challenges. Despite these, export outlook remains positive.
- Country:
- India
The kitchen appliances and cookware giant, TTK Prestige, faced a sharp 37.2% drop in its consolidated net profit, settling at Rs 25.62 crore for the June quarter of 2025-26. The year-ago period boasted a more robust Rs 40.79 crore, hinting at the challenges the company faces.
The firm's revenue from operations saw a modest increase, growing 3.63% to reach Rs 609.3 crore, compared to Rs 587.93 crore during the same quarter last year. Total expenses also increased, rising 6.71% to Rs 591.44 crore for the reviewed quarter.
Competitive pressures, particularly in the market's low-price segments, have continued to challenge TTK Prestige, according to the company's investor presentation. While aluminum prices eased initially, they began climbing again due to tariff wars and geopolitical tensions. Meanwhile, a promising export outlook is tempered by US buyers delaying shipments pending tariff clarity.
(With inputs from agencies.)
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