TTK Prestige (517506) Q2 25/26 earnings summary

Executive summary

• Achieved 11% year-over-year top-line growth in Q2, led by e-commerce, festive demand, and GST reforms, with robust operating EBITDA growth and broad-based demand across categories and channels.

• Consolidated Q2 profit after tax rose to Rs 63.2 Crores, up from Rs 52.3 Crores last year; standalone Q2 profit after tax was Rs 70.1 Crores.

• Launched 51 new SKUs in Q2 across all categories, strengthening the product portfolio.

• No one-off or non-recurring items impacted margins or growth in the current period; performance reflects sustained operational improvements.

• Unaudited financial results for the quarter and half year ended September 30, 2025, were approved by the Board on October 28, 2025.

Financial highlights

• Standalone Q2 sales reached Rs 786.6 Crores, up 11% year-over-year; export sales grew 59%.

• Operating EBITDA for Q2 was Rs 100.5 Crores, up 30.7% year-over-year; margin at 12.8%.

• Gross margin expanded for the fourth consecutive quarter, averaging 120 basis points improvement.

• Judge brand posted over 50% growth, contributing INR 25–30 crores in sales for the quarter.

• Maintained free cash balance over Rs 785 Crores as of September 30, 2025.

Outlook and guidance

• Management expects continued growth, focusing on premiumization, portfolio expansion, and strategic investments, but refrains from providing specific forward guidance.

• Anticipates margin pressure in the next quarter due to rising input costs, particularly aluminum, and will consider price increases as needed.

• Plans to launch 49 new SKUs in Q3 FY26.