TTK Prestige (517506) Q1 26/27 earnings summary

Executive summary

• Achieved strong growth in Q1 FY 2026-27, with standalone sales up 34.2% year-over-year to Rs 771.4 Crores and consolidated turnover up 33.6% to Rs 813.9 Crores, driven by robust demand, consumer upgrades, and premiumization trends.

• Domestic sales grew 35.6% while export sales declined 17.9% due to global shipping disruptions.

• Profit after tax rose 89.0% year-over-year to Rs 66.4 Crores; consolidated PAT up 130.2% to Rs 59.0 Crores.

• Growth was broad-based across channels and categories, led by induction cooktops, cookware, and electrical appliances.

• Internal process and product transformations over the past two years enabled efficient response to demand surge.

Financial highlights

• Revenue growth of 34% year-over-year in Q1, with only 3% attributed to price hikes and the rest to volume and mix.

• Operating EBITDA increased 74.3% year-over-year to Rs 88.8 Crores; margin improved to 11.5% from 8.9%.

• Free cash balance exceeded Rs 870 Crores as of June 30, 2026.

• Induction cooktops now contribute 8%-10% of sales, up from 5% a year ago.

• EPS (diluted) rose 88.9% to Rs 4.84; consolidated EPS up 122.7% to Rs 4.33.

Outlook and guidance

• Management expects growth to moderate from Q1 levels but remain robust and above last year.

• Festive season expected to drive further growth; management confident in sustaining momentum.

• Value growth is expected to outpace volume growth due to ongoing premiumization.

• Plans to launch around 40 new SKUs in Q2 FY27.