TTK Prestige Limited (TTKPRESTIG)
₹525.25 +1.35% last close, 16 Oct
Q2 FY27 results
📅 Next results: 06 Nov 2026 (board meeting)TTK Prestige Limited's board meets on 6 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, TTK Prestige's revenue was ₹814 Cr (+33.6% year on year, +11.6% on the previous quarter), and net profit ₹59.0 Cr (+130.2% year on year); the operating margin was 10.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹814 | +33.6% | +11.6% |
| Operating profit | ₹81.6 | +102.3% | +21.8% |
| Net profit | ₹59.0 | +130.2% | +63.8% |
| EPS (₹) | 4.33 | +123.2% | +61.0% |
| Operating margin | 10.0% | — | — |
TTKPRESTIG delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 43.37% of the TTKPRESTIG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.63%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 52.5% · 52.3% · 39.8% · 55.0% · 43.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
TTK Prestige Limited has allotted 685 equity shares of face value Rs 1 each following the exercise of performance-linked options under its Long Term Incentive Plan 2023. The options were exercised at an issue price of Rs 1 per share. Post-allotment, the company's paid-up share capital marginally increases from Rs 13,69,66,384 to Rs 13,69,67,069. The dilution is negligible relative to the company's total outstanding equity base.
- Allotment of 685 equity shares of face value Rs 1 each
- Issued at an exercise price of Rs 1 per share for performance-linked options
- Paid-up share capital increases from 13,69,66,384 shares to 13,69,67,069 shares
- Total options exercised to date under the scheme reaches 19,715 with Rs 14,78,031 realized
TTK Prestige has completed the sale of its entire 51% stake in Ultrafresh Modular Solutions Limited pursuant to a Share Acquisition Agreement dated August 13, 2026. In consideration for the divestment, the company was allotted 10,20,038 equity shares of face value Rs. 2 each of EFC (I) Limited. Consequently, Ultrafresh has ceased to be a subsidiary of TTK Prestige. The total monetary deal value was not disclosed in the filing.
- Divested complete 51% stake held in subsidiary Ultrafresh Modular Solutions Limited
- Allotted 10,20,038 equity shares of face value Rs. 2 each in EFC (I) Limited as transaction consideration
- Ultrafresh ceases to be a subsidiary of TTK Prestige following transaction closure
- Transaction executed pursuant to the Share Acquisition Agreement dated August 13, 2026
TTK Prestige Limited has concluded its Postal Ballot process regarding the appointment of Mr. R. Srinivasan as a Non-Executive Non-Independent Director. The special resolution was approved with an overwhelming majority of 99.972% votes in favor (12,27,05,693 votes) against 0.028% opposing votes (34,157 votes). A total of 12,27,39,850 votes were polled electronically during the voting period from August 12 to September 10, 2026. This formalizes Mr. Srinivasan's role on the board and represents standard corporate governance compliance.
- Special resolution to appoint Mr. R. Srinivasan as Non-Executive Non-Independent Director passed with 99.972% votes in favor
- Total of 12,27,39,850 votes polled via remote e-voting
- Only 34,157 votes (0.028%) were cast against the resolution
- E-voting was open between August 12, 2026, and September 10, 2026, following the notice dated August 10, 2026
TTK Prestige Limited has announced the appointment of Mr. R Srinivasan as a Non-Executive Non-Independent Director effective September 10, 2026. The appointment was confirmed following shareholder approval via a Special Resolution through Postal Ballot. Mr. Srinivasan has been associated with the company's Board since 2000, having previously served as an Independent Director from 2014 to 2024. His role remains subject to retirement by rotation.
- Appointment effective date: September 10, 2026
- Appointed as Non-Executive Non-Independent Director liable to retirement by rotation
- Shareholder approval obtained via Special Resolution through Postal Ballot on September 11, 2026
- Board association tenure: Serving on the Board of Directors since the year 2000
TTK Prestige has announced the results of its postal ballot completed on September 10, 2026. Shareholders approved the Special Resolution for the appointment of Mr. R. Srinivasan as a Non-Executive Non-Independent Director. A total of 12.27 crore votes were polled, representing 89.61% of outstanding shares, with 99.97% voting in favour. The approval completes the formal governance process initiated on August 10, 2026.
- Appointment of Mr. R. Srinivasan (DIN: 00043658) passed as a Special Resolution
- Total votes polled: 12,27,39,850 shares representing 89.61% of outstanding capital
- 99.97% votes polled in favour (12,27,05,693 votes) and 0.03% against (34,157 votes)
- Institutional shareholder turnout stood at 83.28% with 99.89% voting in favour
- Approval deemed effective as of the e-voting closure on September 10, 2026
TTK Prestige Limited has submitted the official minutes of its 70th Annual General Meeting held virtually on August 04, 2026. Shareholders approved all formal agenda items, including the adoption of FY26 audited accounts and a final dividend of Rs 7.50 per share (750% on face value of Rs 1). Additionally, a special resolution was passed approving Mr. T.T. Raghunathan to continue as a Director beyond 75 years of age. The resolution regarding the reappointment of Mr. R. Srinivasan was withdrawn, leaving the resulting vacancy unfilled for the time being.
- Final dividend of Rs 7.50 per equity share of face value Rs 1 (750%) approved for FY 2025-26
- Special resolution approved permitting Mr. T.T. Raghunathan to continue as Director beyond the age of 75 years
- Agenda item 4 for reappointment of Mr. R. Srinivasan was withdrawn; the board vacancy remains unfilled for now
- Cost auditor remuneration of Rs 6 Lakhs ratified for FY 2026-27
TTK Prestige Limited has informed the stock exchanges that its trading window for dealing in the company's shares will re-open on August 21, 2026. This follows the closure referenced in their earlier communication dated August 12, 2026. The re-opening applies to all Designated Persons and their immediate relatives pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. This is a routine regulatory compliance filing with no impact on business operations or financials.
- Trading window re-opens effective August 21, 2026
- Filing follows prior communication dated August 12, 2026
- Applies to Designated Persons and their immediate relatives under SEBI PIT Regulations
TTK Prestige Limited held a physical meeting with Emkay Global Financial Services Ltd on August 14, 2026, in Mumbai. This is a routine regulatory disclosure under SEBI (LODR) Regulations. The company, which has a TTM revenue of ₹3,178 Cr and a market capitalization of ₹8,115 Cr, frequently engages with institutional investors to discuss business performance. No specific material non-public information was disclosed in this brief filing.
- Meeting conducted on August 14, 2026
- Participant: Emkay Global Financial Services Ltd
- Format: Physical meeting in Mumbai
- Company TTM revenue stands at ₹3,178 Cr
- Current market capitalization is ₹8,115 Cr
TTK Prestige has entered into an agreement to sell its entire 51% controlling stake in Ultrafresh Modular Solutions Limited to EFC (I) Limited. The transaction is valued at Rs 27.54 Crores and will be executed via a share swap rather than cash. Ultrafresh is a minor subsidiary, contributing only 1.2% (Rs 36.3 Cr) to TTK's consolidated turnover and carrying a negative net worth of Rs 16.66 Cr. The disposal is expected to be completed by October 31, 2026.
- Sale of 51% stake in Ultrafresh Modular Solutions for a consideration of Rs 27.54 Crores.
- Subsidiary turnover of Rs 36.3 Crores accounts for just 1.2% of TTK Prestige's consolidated FY26 revenue.
- Ultrafresh reported a negative net worth of Rs 16.66 Crores as of March 31, 2026.
- Transaction to be settled via share swap with EFC (I) Limited, a listed entity in managed office solutions.
- Expected completion date for the stake sale is on or before October 31, 2026.
TTK Prestige Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting August 12, 2026. This action is a standard compliance measure under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until a further announcement is made by the company. Such closures are routine and typically precede the disclosure of material information, such as quarterly financial results or board meetings.
- Trading window closure effective from August 12, 2026
- Closure applies to all Designated Persons and their immediate relatives
- Action taken pursuant to Schedule B - Clause 4(1) and 5 of SEBI (PIT) Regulations, 2015
- Window to remain closed until further announcement by the company
TTK Prestige has issued a postal ballot notice to seek shareholder approval via Special Resolution for the appointment of Mr. R. Srinivasan as a Non-Executive Non-Independent Director. This specific resolution is required under SEBI Regulation 17(1A) because the director has attained the age of 75. The company previously withdrew this item from its 70th AGM agenda to ensure stricter regulatory compliance through a Special Resolution rather than an ordinary one. Voting is scheduled from August 12 to September 10, 2026.
- Special Resolution proposed for the appointment of Mr. R. Srinivasan (DIN: 00043658) as a Non-Executive Director.
- Compliance requirement triggered by SEBI Regulation 17(1A) for directors exceeding 75 years of age.
- Voting period set from August 12, 2026 (09:00 AM) to September 10, 2026 (05:00 PM).
- Cut-off date for shareholder eligibility was Friday, August 07, 2026.
- Scrutinizer's report and final results to be declared on or before September 14, 2026.
TTK Prestige Limited has announced the retirement of Mr. R Srinivasan from his role as a Non-Executive Director, effective August 04, 2026. This transition follows the company's Annual General Meeting proceedings and is a routine board-level change. As a Non-Executive Director, his departure is not expected to impact the day-to-day executive management or the company's strategic focus on expanding its luxury segment and e-commerce presence. The company continues to maintain a strong promoter holding of 70.52%.
- Mr. R Srinivasan (DIN: 00043658) retired as a Non-Executive Director of the company.
- The cessation of his directorship became effective on August 04, 2026.
- The retirement was formalized following the Annual General Meeting held on July 30, 2026.
- TTK Prestige maintains a stable promoter holding of 70.52% as of March 2026.
TTK Prestige has announced its participation in an investor conference organized by Emkay Global Financial Services Ltd, scheduled for August 14, 2026, in Mumbai. The management will discuss the company's un-audited financial results for the first quarter ended June 30, 2026, which were previously released on July 28, 2026. This is a standard post-earnings engagement with institutional investors to provide clarity on recent performance. The company currently operates with a TTM revenue of ₹2,973 Cr and a healthy cash balance of ₹889 Cr.
- Investor conference scheduled for August 14, 2026, starting at 09:30 a.m. in Mumbai
- Event organized by Emkay Global Financial Services Ltd
- Discussion will center on Q1 FY27 results for the period ended June 30, 2026
- Management will utilize information already shared with exchanges on July 28, 2026
- Company maintains a strong net worth of ₹1,994 Cr as per latest financial context
TTK Prestige Limited concluded its 70th Annual General Meeting on August 4, 2026, with shareholders approving all proposed resolutions. Key approvals include the adoption of FY26 audited financial statements and the declaration of dividend. A special resolution was passed with 99.96% support to allow Mr. T T Raghunathan to continue as a Director beyond the age of 75. One resolution regarding the appointment of Mr. R. Srinivasan was withdrawn, and the vacancy will remain unfilled for the time being.
- 89.10% of total shares (12.20 crore votes) participated in the voting process
- Special resolution for Mr. T T Raghunathan to continue as Director beyond 75 years passed with 99.96% majority
- Dividend declaration for FY26 approved with 99.99% of votes in favour
- Resolution for appointment of Mr. R. Srinivasan was withdrawn and the vacancy will not be filled currently
- Total number of shareholders as of the July 29, 2026 record date stood at 85,103
TTK Prestige Limited held its 70th Annual General Meeting on August 04, 2026, where shareholders approved the audited financial statements for FY 2025-26. A significant special resolution was passed to allow Mr. T T Raghunathan to continue as a Director beyond the age of 75. The company also confirmed the declaration of a dividend for the fiscal year, although the specific per-share amount was not detailed in this summary. Additionally, the board decided not to fill a director vacancy following the retirement of Mr. R. Srinivasan.
- 70th Annual General Meeting successfully conducted on August 04, 2026, via video conferencing.
- Shareholders approved the adoption of Audited Financial Statements for FY 2025-26 (TTM Revenue: Rs 2,973.4 Cr).
- Special Resolution passed for Mr. T T Raghunathan to continue as Director beyond 75 years of age.
- Item No. 4 regarding the appointment of Mr. R. Srinivasan was withdrawn; the vacancy will not be filled for the time being.
- Company maintains a strong cash position of Rs 889 Cr for potential future acquisitions.
Financial Performance
Revenue Growth by Segment
Pressure Cookers (29-31% of revenue), Cookware (15-16%), and Appliances (44-49%). H1 FY26 total sales grew 8.1% YoY to INR 1,361.4 Cr, with domestic sales up 7.8% to INR 1,324.6 Cr and exports up 20% to INR 36.8 Cr.
Geographic Revenue Split
The company has successfully expanded from a South India focus to deriving over 50% of its revenue from non-south markets (West, North, and East).
Profitability Margins
Operating margins moderated to 9.6% in FY25 from 10.7% in FY24. H1 FY26 operating EBITDA margin was 11.1% (impacted by transformation costs), while pre-provision margin was 13.7% compared to 11.7% in the prior year.
EBITDA Margin
11.1% in H1 FY26. Core profitability is currently impacted by an annual spend of INR 70-80 Cr on organizational transformation, which is expected to continue for 2-3 years to drive long-term efficiency.
Capital Expenditure
Planned annual capital expenditure of INR 60-70 Cr, primarily funded through internal cash accruals of INR 200-220 Cr per fiscal.
Credit Rating & Borrowing
CRISIL Ratings: Stable. The company maintains a robust financial risk profile with negligible gearing of 0.02x and a debt-free standalone balance sheet as of March 31, 2024.
Operational Drivers
Raw Materials
Aluminum, Steel, and Plastic components (specific percentage of total cost not disclosed).
Capacity Expansion
Commissioned a 500-kilowatt solar rooftop in FY25, increasing renewable energy consumption to 6.5%.
Raw Material Costs
Susceptible to volatility in aluminum and steel prices; margins were historically impacted by high-value carryover inventory and a Q4 FY23 inventory write-off.
Manufacturing Efficiency
Transformation initiatives target overall business excellence and sustainable cost savings to improve operating leverage.
Logistics & Distribution
Leverages an expansive distribution network to penetrate non-south markets, which now contribute over 50% of revenue.
Strategic Growth
Expected Growth Rate
8-10%
Growth Strategy
Growth will be driven by a strong double-digit expansion in e-commerce, a bounce-back in Military Canteen (CSD) sales, and a multi-year organizational transformation focusing on new product designs and go-to-market strategies.
Products & Services
Pressure cookers, cookware, induction cooktops, mixers, built-in ovens, and island chimneys.
Brand Portfolio
Prestige, Judge, Horwood, and Prestige Lifestyle.
New Products/Services
Expansion into the luxury segment with built-in ovens and island chimneys through Prestige Lifestyle stores.
Market Expansion
Targeting increased market share in North, West, and East India to further diversify from its southern roots.
Market Share & Ranking
Leading brand in the Indian kitchen equipment space, particularly in the pressure cooker segment.
External Factors
Industry Trends
Shift toward e-commerce and premiumization in the luxury appliance segment; industry is benefiting from reduced GST rates and declining interest rates.
Competitive Landscape
Intense competition from organized players and local unorganized manufacturers in the cookware segment.
Competitive Moat
Strong brand equity ('Prestige') and a deep-rooted distribution network provide a sustainable competitive advantage against unorganized players.
Macro Economic Sensitivity
Highly sensitive to inflation and wage growth, which reduced demand for discretionary kitchen products in FY25.
Consumer Behavior
Increasing consumer preference for branded, innovative, and aesthetically designed kitchen appliances.
Geopolitical Risks
Macro-economic headwinds in global markets impacted export growth, which was limited to 5% in previous cycles.
Regulatory & Governance
Industry Regulations
Operations are influenced by GST rate changes and manufacturing standards for pressure cookers.
Environmental Compliance
Commitment to ESG through solar power adoption (6.5% of energy mix) and zero lost-time injury frequency rates for employees.
Taxation Policy Impact
Benefiting from reduced GST rates on certain kitchen categories; effective tax rate approximately 25.6% based on H1 FY26 financials.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (Aluminum/Steel) and the success of the multi-year organizational transformation project.
Geographic Concentration Risk
Historically high in South India, but now diversified with >50% revenue from other regions.
Third Party Dependencies
Dependency on Military CSD for a portion of institutional sales.
Technology Obsolescence Risk
Mitigated by a multi-year transformation project focusing on innovative product design and digital go-to-market strategies.
Credit & Counterparty Risk
Low risk due to strong liquidity (INR 889 Cr cash) and negligible debt.
