TTK Prestige (517506) Q4 25/26 earnings summary

Executive summary

• Achieved double-digit domestic and consolidated growth for Q4 and FY26, led by strong demand for appliances, especially induction cooktops, and robust performance in modern retail, e-commerce, and exclusive stores.

• Structural and transformational changes, along with strategic initiatives and cost efficiencies, contributed to improved profitability and market share consolidation.

• Export performance was constrained by global supply chain disruptions, but domestic business remained resilient.

• The company remains focused on product innovation, omni-channel expansion, and cost rationalization to sustain growth.

• Board recommended a dividend of ₹7.50 per share.

Financial highlights

• Q4 FY26 domestic sales: Rs 667.5 Cr (up 14.4% YoY); total sales: Rs 679.6 Cr (up 12.5% YoY); operating EBITDA: Rs 81.7 Cr (up 43.8% YoY); margin at 12.0%.

• Q4 profit before tax: Rs 71.9 Cr (up 35.9% YoY); profit after tax: Rs 50.8 Cr.

• FY26 total sales: Rs 2772.7 Cr (up 9.6% YoY); operating EBITDA: Rs 302.9 Cr (up 12.1% YoY); PAT: Rs 185.5 Cr (up 14% YoY).

• Consolidated FY26 turnover: Rs 2973.6 Cr (up 9.5% YoY); consolidated PAT: Rs 156.7 Cr (up from Rs 108.0 Cr YoY); EPS: Rs 13.54 (standalone), Rs 11.73 (consolidated).

• Gross margin expansion achieved despite input cost inflation, aided by favorable product mix and cost reduction initiatives.

Outlook and guidance

• Management expects continued volatility due to geopolitical tensions and raw material price increases, but remains optimistic about long-term demand and business momentum.

• Price hikes are planned to mitigate input cost inflation, with further impact expected in upcoming quarters.

• Investments in capability building and capital expenditure will continue for at least two more years, with a target to restore EBITDA margins to 13-14% post-investment phase.

• The group is revising its wage structure in FY 2026-27 in response to new labour codes.