T T Limited (TTL)
₹6.58 -3.38% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, T T's revenue was ₹46.4 Cr (-3.6% year on year, -18.7% on the previous quarter), and net profit ₹0.7 Cr (+52.6% year on year); the operating margin was 5.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹46.4 | -3.6% | -18.7% |
| Operating profit | ₹2.6 | -6.4% | -11.1% |
| Net profit | ₹0.7 | +52.6% | -4.9% |
| EPS (₹) | 0.03 | +50.0% | +0.0% |
| Operating margin | 5.7% | — | — |
TTL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 75.29% of the TTL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.41%. That is close to its usual level. Turnover was only ₹6 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 77.0% · 67.6% · 73.6% · 79.2% · 75.3%
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
T T Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent Beetal Financial & Computer Services confirms that share certificates received for dematerialization were processed, mutilated, and cancelled. It also confirms that depositories were updated as registered owners within the mandated 15-day timeline. This is a standard regulatory compliance filing and carries no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI (DP) Regulations, 2018
- Applies to the quarter ended September 30, 2026
- Issued by RTA Beetal Financial & Computer Services (P) Ltd. dated October 5, 2026
- Dematerialization requests confirmed and processed within the required 15-day period
Promoter group entity T T Brands Limited acquired 6,20,740 equity shares (0.24% stake) of T T Limited via open market purchase on September 30, 2026. The transaction value stood at ₹49,94,212 (~₹49.94 lakh). Following this acquisition, T T Brands Limited's holding in the company increased from 35.74% (92,32,603 shares) to 35.98% (98,53,343 shares). The transaction signals modest insider accumulation relative to the company's ₹138 crore market capitalization.
- Promoter group entity T T Brands Limited purchased 6,20,740 equity shares on September 30, 2026
- Total transaction value was ₹49,94,212 (~₹8.05 per share)
- Acquirer's holding increased from 35.74% (92,32,603 shares) to 35.98% (98,53,343 shares)
- Transaction was executed on the open market via NSE
Promoter group entity T T Brands Limited acquired 6,97,248 equity shares of T T Limited through open market purchases on September 28 and 29, 2026. The total transaction value was ₹52,44,017 (approximately ₹0.52 crore). This acquisition represents a 0.27% stake, increasing T T Brands Limited's shareholding from 35.47% to 35.74%. The total promoter group holding contextually stands above 51% in the ₹135 crore market cap company.
- Acquisition of 6,97,248 equity shares via open market on NSE
- Total transaction value of ₹52,44,017 excluding taxes and brokerage
- T T Brands Limited holding increased from 35.47% to 35.74%
- Trades executed across September 28, 2026 and September 29, 2026
Promoter group entity T.T. Brands Limited acquired 36,050 equity shares of T T Limited via open market purchases on the NSE for a total value of ₹2,59,317.70. This transaction increases T.T. Brands Limited's shareholding from 35.46% (1,62,51,829 shares) to 35.47% (1,62,87,879 shares). Given T T Limited's market capitalization of ₹125 crore, the transaction value of approximately ₹2.59 lakh represents a negligible financial magnitude (<0.01% of market cap). Overall promoter holding was last recorded at 51.02% as of March 2026.
- Promoter group entity T.T. Brands Limited purchased 36,050 equity shares from the open market on the NSE
- Total transaction value stood at ₹2,59,317.70 (excluding taxes and brokerage)
- Acquisition increased T.T. Brands Limited's stake from 35.46% to 35.47%
- Total post-acquisition holding of T.T. Brands Limited reached 1,62,87,879 equity shares
T T Limited has issued a notice reminding shareholders of a one-year special window from February 05, 2026 to February 04, 2027, for the transfer and dematerialization of physical securities bought or sold prior to April 01, 2019. The process follows SEBI Circular dated January 30, 2026, allowing previously rejected or pending transfer requests to be re-submitted. Transferred shares will be issued solely in demat mode and subject to a 1-year lock-in from registration.
- Special window open from February 05, 2026 to February 04, 2027
- Applicable to physical securities bought or sold prior to April 01, 2019
- Transferred shares subject to a mandatory 1-year lock-in period from the date of registration
- Carried out pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026
T T Limited has announced the closure of its trading window starting October 1, 2026, pursuant to SEBI Prohibition of Insider Trading Regulations. The closure will remain in effect until 48 hours after the declaration of the financial results for the quarter ending September 30, 2026. The board meeting date to approve the quarterly results will be intimated separately. Designated persons' PANs have been frozen at the security level via CDSL in compliance with SEBI master circular dated May 15, 2026.
- Trading window closes effective Thursday, October 01, 2026
- Trading restriction remains until 48 hours after the announcement of Q2 results for the period ended September 30, 2026
- Designated Persons (DPs) PANs frozen for security-level trading via CDSL per SEBI circular dated May 15, 2026
- Date of Board Meeting for approving Q2 results to be intimated in due course
Promoter group entity T T Brands Limited acquired 4,03,247 equity shares (a 0.16% stake) of T T Limited through open market purchases on September 21 and September 22, 2026. The total transaction value was ₹29,85,944, raising T T Brands Limited's shareholding from 35.16% to 35.31%. This open market purchase represents a modest ~0.23% of the company's ₹128 Cr market capitalization, continuing a trend of small creeping promoter acquisitions.
- Purchased 4,03,247 equity shares (0.16% equity stake) via open market on NSE
- Total transaction value executed at ₹29,85,944 on September 21-22, 2026
- Post-transaction holding of T T Brands Ltd increased from 90,81,012 shares (35.16%) to 91,21,337 shares (35.31%)
- Transaction represents ~0.23% of company's current market cap of ₹128 Cr
TT Limited announced the rollout of its new-format TT Bazaar retail store at Najafgarh, Delhi, transitioning to an asset-light, franchise-led model. The company currently has over 100 TT Bazaar stores and aims to expand the network to 500 stores across India by 2030. The franchise model is designed to lower capital expenditure for the company while widening reach across urban and emerging markets. This retail push comes as TT Limited seeks to diversify and enhance margins from its current TTM revenue base of Rs 190 Cr.
- Launched first new-format TT Bazaar retail store at Najafgarh, Delhi
- Targets expansion to 500 TT Bazaar stores across India by 2030
- Transitioning from earlier format of 100+ stores to a capital-efficient, franchise-led model
- Exports reach spans across more than 65 countries alongside domestic network expansion
Promoter group entity T T Brands Limited acquired 2,52,744 equity shares (0.10% stake) of T T Limited through open market purchases on September 17 and September 18, 2026. The total transaction value was approximately ₹18.09 lakh, executed on the NSE. Following the transaction, T T Brands Limited's shareholding increased slightly from 35.06% (90,55,738 shares) to 35.16% (93,08,482 shares). Overall promoter group holding sits around 51.12%, continuing a modest creeping acquisition trend.
- Promoter entity T T Brands Ltd acquired 2,52,744 equity shares (0.10% equity)
- Total transaction consideration stood at ₹18,08,911.40
- Pre-acquisition holding was 35.06% (90,55,738 shares) and post-acquisition is 35.16% (93,08,482 shares)
- Trades were executed in the open market on NSE across September 17-18, 2026
Promoter group entity T T Brands Limited acquired 98,101 equity shares of T T Limited from the open market on September 15, 2026. Prior to the transaction, T T Brands Limited held 7,38,598 shares (3.44%), which increased to 8,36,699 shares (3.90%) post-acquisition. The total consideration for the purchase was Rs 6,94,832. Relative to the company's market cap of Rs 124 Cr, the open-market transaction is small but indicates incremental promoter accumulation.
- Promoter entity T T Brands Limited acquired 98,101 equity shares on September 15, 2026
- Total transaction value stood at Rs 6,94,832 via open market
- Acquiring entity's stake increased from 3.44% (7,38,598 shares) to 3.90% (8,36,699 shares)
- Filing made under SEBI (Prohibition of Insider Trading) Regulations on September 17, 2026
T T Limited announced that promoter group entity T T Brands Limited acquired 98,101 equity shares via open market purchase on September 11, 2026. The total transaction value is ₹6,55,408 (approximately ₹0.07 crore), reflecting an implied acquisition price of around ₹6.68 per share. Following this transaction, T T Brands Limited increased its shareholding from 35.02% to 35.06%. While insider buying reflects promoter alignment, the transaction represents a negligible ~0.05% of the company's ₹119 crore market cap.
- Promoter group entity T T Brands Limited acquired 98,101 equity shares
- Total transaction value stood at ₹6,55,408 on the NSE open market
- Acquisition increased the entity's holding from 35.02% to 35.06%
- Transaction was executed on September 11, 2026, and disclosed on September 12, 2026
Promoter group entity T T Brands Limited acquired 2,22,964 equity shares (~0.10% stake) of T T Limited via open-market purchases on September 9 and September 10, 2026. The total transaction value was approximately ₹15,19,534. Following this acquisition, T T Brands Limited's holding increased marginally to 35.02% (90,45,871 shares) from 34.93% (88,22,907 shares).
- Promoter group entity T T Brands Limited purchased 2,22,964 equity shares
- Total transaction value stood at ₹15,19,534 across September 9 and 10, 2026
- Stake of T T Brands Limited increased from 34.93% to 35.02%
- Total post-acquisition holding of the entity stands at 90,45,871 shares
Promoter group entity T T Brands Limited acquired 32,005 equity shares of T T Limited from the open market across September 7 and September 8, 2026. The transaction value stood at approximately ₹14.29 lakh, representing about 0.08% of the company's equity base. Following this acquisition, T T Brands' direct holding increased slightly from 34.85% (9,005,062 shares) to 34.93% (9,026,817 shares). Given the company's market cap of ₹117 crore, the purchase is small in magnitude but signals continued promoter accumulation.
- Promoter entity T T Brands Limited acquired 32,005 equity shares via open market on September 7 and September 8, 2026
- Total transaction value was ₹14,29,357.10 (₹14.29 lakh)
- Acquisition represents 0.08% stake, raising the entity's holding from 34.85% to 34.93%
- Post-transaction holding of T T Brands stands at 9,026,817 equity shares
T T Limited has re-submitted its unaudited financial results for the quarter ended June 30, 2026, in a machine-readable and searchable format following exchange communications. For Q1, revenue from operations stood at ₹46.42 crore (₹4,642.27 lakhs), down 3.6% YoY compared to ₹48.17 crore (₹4,816.92 lakhs) in the previous corresponding quarter. Net profit for the period rose 53.6% YoY to ₹0.66 crore (₹65.62 lakhs) from ₹0.43 crore (₹42.72 lakhs). Additionally, the company noted the incorporation of a wholly owned subsidiary, 'TT Capital Partners Ltd', on July 17, 2026.
- Re-submission of Q1 financial results originally approved on August 06, 2026, in machine-readable format
- Q1 Revenue from operations reported at ₹4,642.27 lakhs vs ₹4,816.92 lakhs in Q1 FY26
- Q1 Profit after tax stood at ₹65.62 lakhs vs ₹42.72 lakhs in Q1 FY26
- Incorporated wholly owned subsidiary 'TT Capital Partners Ltd' on July 17, 2026
Promoter group entity T T Brands Limited acquired 32,005 equity shares of T T Limited through open market purchases on September 4, 2026. The transaction value stood at ₹2,19,800.51 (approx. ₹2.20 lakh). Following this minor acquisition, T T Brands Limited's shareholding increased slightly from 34.84% (5,99,93,057 shares) to 34.85% (6,00,25,062 shares).
- Promoter group entity T T Brands Limited bought 32,005 equity shares via open market on NSE
- Total transaction value was ₹2,19,800.51
- Holding of T T Brands Ltd increased from 34.84% (5,99,93,057 shares) to 34.85% (6,00,25,062 shares)
- Transaction took place on September 4, 2026 and was disclosed on September 5, 2026
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 1.61% YoY to Rs. 21,443.15 lakhs (214.43 Cr) from Rs. 21,102.89 lakhs in the previous year. Segment-specific growth percentages were not disclosed.
Geographic Revenue Split
The company operates in both domestic and export markets. Exports are conducted strictly on a secured credit basis, while domestic sales are being pushed aggressively on credit to drive volume. Specific regional percentage splits were not disclosed.
Profitability Margins
Net profit ratio declined 12.78% YoY to 1.91% from 2.19% due to lower operational margins. Profit after tax (PAT) fell 11.5% to Rs. 409.91 lakhs (4.10 Cr) from Rs. 463.19 lakhs.
EBITDA Margin
Core profitability was significantly impacted by a rise in material and service costs, leading to an 80.86% drop in Return on Capital Employed (ROCE) to 0.02% from 0.08%.
Credit Rating & Borrowing
The company has sanctioned working capital limits exceeding Rs. 5 Cr. Debt-Equity ratio improved 44.87% to 0.99 from 1.80 due to a strategic reduction in borrowings.
Operational Drivers
Raw Material Costs
Material and service costs increased significantly during the year, which was the primary driver for the 80.86% decline in ROCE.
Manufacturing Efficiency
Manufacturing efficiency was pressured by rising input costs; however, inventory turnover improved 26.97% to 2.38 due to higher sales volumes.
Strategic Growth
Growth Strategy
Growth is targeted through aggressive domestic credit sales to capture market share and digital transformation to connect more effectively with distributors, retailers, and customers. Insider confidence is high, with Director Hardik Jain purchasing 15,059 shares and MD Sanjay Kumar Jain purchasing 1,942 shares in December 2025.
Brand Portfolio
TT (implied by company name and distribution network mentions).
Market Expansion
The company is focusing on aggressive domestic market penetration using credit as a tool and maintaining a presence in export markets with secured credit terms.
External Factors
Industry Trends
The industry is shifting toward digitalization; the company is responding by embracing technological changes to connect digitally with its supply chain to avoid obsolescence.
Competitive Moat
The company's moat is not explicitly defined, but it is leveraging its distribution network and digital transformation to maintain competitive positioning.
Macro Economic Sensitivity
The company is sensitive to economic developments, demand-supply conditions in the industry, and input price volatility, which impacted ROCE by 80.86% this year.
Consumer Behavior
Increasing digital usage among consumers is forcing a shift toward digital connectivity in the company's retail and distribution strategy.
Regulatory & Governance
Industry Regulations
The company is subject to government notifications and policies regarding claims and subsidies, with Rs. 1,366 lakhs currently recognized as receivables against these claims.
Legal Contingencies
The company has pending litigations disclosed in Note 32 of the financial statements; however, specific case values were not provided in the summary.
Risk Analysis
Key Uncertainties
The primary uncertainty is the recoverability of Rs. 1,366 lakhs in claims/subsidies, which is subject to significant management judgment and policy conditions.
Third Party Dependencies
The company relies on a network of distributors and retailers, and is working to mitigate communication risks through digital integration.
Technology Obsolescence Risk
The company recognizes the risk of technological obsolescence and is actively working to embrace digital changes in its operations.
Credit & Counterparty Risk
Domestic credit exposure is increasing due to aggressive sales strategies, while export risk is mitigated by selling only on a secured credit basis.
