TTK Prestige (517506) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 and the full year saw robust double-digit domestic growth and overall company growth, led by strong demand for appliances, especially induction cooktops, and supported by modern retail, e-commerce, and exclusive stores.

• Strategic initiatives, structural changes, and cost efficiencies contributed to improved profitability and steady market share consolidation.

• Audited standalone and consolidated financial results for Q4 and FY26 were approved, with an unmodified auditor's opinion.

• Dividend of Rs. 7.50 per share (750%) was recommended for FY26.

Financial highlights

• Q4 FY26 domestic sales were 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); profit before tax Rs 71.9 Cr (up 35.9% YoY); Q4 PAT Rs 50.8 Cr.

• FY26 standalone revenue was Rs 2,772.69 Cr (up from Rs 2,530.32 Cr); consolidated revenue Rs 2,973.57 Cr (up from Rs 2,714.78 Cr); standalone PAT Rs 185.47 Cr; consolidated PAT Rs 156.67 Cr.

• EPS for FY26: standalone Rs 13.54, consolidated Rs 11.73.

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

• Free cash balance as of March 31, 2026: Rs 877 Cr.

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, targeting EBITDA margins of 13-14% post-investment phase.

• Ongoing efforts to achieve business excellence and sustainable cost savings, with Rs. 82.65 crore spent in FY26 on related initiatives.