TTK Prestige Q4 Results Review - Demand Pangs: HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities .TTK Prestige Ltd. continues to remain impacted by a challenging demand environment (revenue grew by 3% YoY) given-a shift in consumer wallet to out-of-home consumption activities;inflationary environment; andheightened competitive intensity leading to higher discounts (more so in entrylevel products). .General trade remains subdued while alternate channels (modern trade, e-commerce and exclusive stores) fared better. Despite higher sales promotion, TTK Prestige saw expansion in gross margin (+220 basis points); however, lower op-lev led to a 60 bps decline in Ebitdm to 13.5%. Slow recovery in demand and high competitive pressure (more in the mid-economy segment) will continue to impact performance in the near term. We cut our FY25/26 earnings estimates by 5/4% and value the stock on 30 times Mar-26 earnings per share to derive a target price of Rs 725. Maintain Reduce..Click on the attachment to read the full report:.Stove Kraft Q4 Results Review - COCO Stores To Drive Both Topline, Margins: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TTK Prestige Q4 Results Review - Demand Pangs: HDFC Securities

The kitchen appliance industry continues to be impacted by slowing market conditions

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TTK Prestige Q4 Results Review - Demand Pangs: HDFC Securities

The kitchen appliance industry continues to be impacted by slowing market conditions

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