TTK Prestige Ltd Q2FY24; 30% fall in Profits

TTK Group was founded in 1928 founded by Mr. T.T. Krishnamachari who set up the distribution for a wide range of products ranging from Foods, Personal care products, etc. The company is India’s largest kitchenware company. TTK Prestige was Established in 1955 as a private limited company, TTK went public in 1994. It is among the leading brands in the kitchen equipment space, especially in the pressure cooker segment. In 2012 Company had an Alliances with global high-end brands for high-end cookware/Store ware/Water Filters/ Gas-tops

Financial Results:

TTK Prestige Ltd reported Revenues for Q2FY24 of ₹729.00 Crores down from ₹842.00 Crore year on year, a fall of 13.42%.

Total Expenses for Q2FY24 of ₹668.00 Crores down from ₹737.00 Crores year on year, a fall of 9.36%.

Consolidated Net Profit of ₹59.00 Crores down 29.76% from ₹84.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.28, down 29.26% from ₹6.05 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.