TTK Prestige Q1 Results: Stock surges 11% after profit more than doubles, margin expands

Shares of TTK Prestige Ltd rallied as much as 11% on Tuesday after the kitchen appliances maker reported a sharp improvement in its June-quarter earnings, with profit more than doubling on the back of robust revenue growth, expanding margins and sustained demand across product categories.

The company reported a net profit of ₹59.3 crore for the quarter ended June 30, compared with ₹26.6 crore in the year-ago period. Revenue from operations rose 33.6% year-on-year to ₹814 crore from ₹609.3 crore, while EBITDA nearly doubled to ₹81.9 crore from ₹40.5 crore. EBITDA margin expanded to 10% from 6.65% a year earlier.

Following the earnings announcement, the stock surged to an intraday high of ₹722, gaining around 11% on the National Stock Exchange.

Demand broad-based, Judge brand continues strong growth

TTK Prestige said it witnessed consistent growth across all regions and sales channels during the quarter, supported by sustained demand for induction cooktops, electrical kitchen appliances, induction-based pressure cookers, cookware and value-added kitchenware products.Induction cooktops remained the fastest-growing category, while cookware, electrical kitchen appliances and cookers also posted healthy growth. Both offline and online channels performed well, with e-commerce leading the growth, followed by trade, modern retail and exclusive stores.The repositioned Judge brand continued its strong momentum, with quarterly revenue rising nearly 90% year-on-year to around ₹34.6 crore from ₹18.2 crore.The company introduced 26 new stock keeping units (SKUs) during the quarter and ended June with a Prestige Xclusive retail network of 709 stores across 337 towns.

Cost pressures persist, but outlook remains positive

Commodity inflation across key raw materials continued to weigh on margins during the quarter. However, TTK Prestige said effective sourcing strategies and timely price increases helped offset a significant portion of the impact. The company also highlighted that higher commodity and logistics costs, largely driven by disruptions linked to the Middle East crisis, remained a challenge, while export operations were affected by shipping disruptions and longer transit times.

Other expenses included ₹12.4 crore relating to the company’s ongoing business transformation initiatives aimed at delivering sustainable cost savings. During the quarter, the company also reversed ₹7.3 crore of the exceptional provision created in FY26 after reassessing the impact of changes arising from the new Labour Code following alignment of employee salary structures.

TTK Prestige maintained a free cash balance of more than ₹870 crore, including short-term liquid investments, while continuing to fund capital expenditure and working capital requirements.

Looking ahead, the company said strategic transformation initiatives launched in the fourth quarter of FY25 continue to strengthen execution across innovation, operational excellence and market expansion. It plans to introduce around 40 new SKUs during the second quarter of FY27 and said encouraging demand trends seen in the June quarter have largely continued into July, reinforcing management’s confidence in sustaining growth and delivering consistent performance through the remainder of FY27.