TTK Prestige (517506) Q3 25/26 earnings summary

Executive summary

• Achieved consolidated turnover of ₹801.4 Crores in Q3 FY26, up 10.2% year-over-year, with domestic sales growing 9.4% and export sales up 25.6%.

• Double-digit revenue growth for the past two quarters, supported by festive demand, premiumization, and GTM initiatives.

• Profit after tax declined to ₹31.78 Crores from ₹57.4 Crores due to exceptional expenses, including VRS, labour code changes, and impairment charges.

• EPS for Q3 was ₹2.40 (consolidated), down from ₹4.27 in the prior year.

• Board approved unaudited financial results and amended Related Party Transactions Policy in line with SEBI regulations.

Financial highlights

• Standalone Q3 revenue from operations: ₹731.71 crore, up from ₹666.75 crore in Q3 FY25.

• Standalone Q3 net profit after tax: ₹29.45 crore, down from ₹54.29 crore in Q3 FY25.

• Standalone operating EBITDA for Q3 was ₹69.8 Crores (down from ₹74.6 Crores), with margin at 9.5% after strategic expenses.

• Free cash balance stood at around ₹800 Crores as of December 31, 2025.

• Aluminum and copper constitute 20-30% of the cost basket, with steel making up the balance.

Outlook and guidance

• Management expects sustainable growth from ongoing GTM and channel initiatives, with new product launches (40 SKUs planned for Q4) and robust domestic demand.

• Cookers expected to grow at high single digits, cookware at low double digits, driven by replacement and user growth.

• Export outlook positive due to India-UK and anticipated India-EU FTAs, though US market and global tariff wars remain challenging.

• Ongoing business excellence and cost-saving initiatives are expected to continue over the next few quarters.

• The group is monitoring the impact of new labour codes and will evaluate further effects on employee benefit liabilities.