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ICICI Direct Report
With renewed interest in cookware and kitchen appliances demand, TTK Prestige Ltd. continued to report a solid operational performance in Q4 FY21 with strong beat across all parameters.
Revenue for the quarter grew 44.7% YoY (two-year compound annual growth rate: 6.4%) to Rs 554.9 crore (our estimate: Rs 518.2 crore), partly attributable to favourable base (revenue fell 21%).
Domestic sales grew 41.5% YoY to Rs 533 crore whereas exports sharply increased 218% YoY to Rs 21.9 crore.
On segmental front, cooker (31% of sales), cookware (16% of sales), appliances (48% of sales) categories posted strong revenue growth of 49%, 67%, 34% YoY, respectively.
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