TTK Prestige (517506) Q3 25/26 earnings summary

Executive summary

• Achieved double-digit revenue growth for the past two quarters, with Q3 FY26 consolidated turnover at ₹801.4 crore, up 10.2% year-over-year, driven by festive demand, premiumization, and GTM initiatives.

• Domestic sales grew 9.4% and export sales rose 25.6% in Q3 FY26, but profit after tax declined to ₹31.8 crore due to exceptional expenses, including VRS and labour code changes.

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

• Board approved unaudited financial results for Q3 and amended the Related Party Transactions Policy in line with SEBI regulations.

• Financial statements reviewed by the Audit Committee and statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone Q3 revenue from operations: ₹731.71 crore, up from ₹666.75 crore in Q3 FY25; consolidated Q3 revenue: ₹801.40 crore.

• Standalone Q3 net profit after tax: ₹29.45 crore, down from ₹54.29 crore in Q3 FY25; consolidated Q3 net profit after tax: ₹31.78 crore.

• Standalone operating EBITDA for Q3 was ₹69.8 crore (margin at 9.5% after strategic expenses); Q3 standalone EBITDA margin before strategic expenses was 12.7%.

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

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

Outlook and guidance

• Growth in cookers and cookware expected to continue, driven by replacement cycles, material upgrades, and new product launches (40 SKUs planned for Q4).

• Ongoing OpEx and CapEx investments, business excellence, and cost-saving initiatives will continue over the next two years.

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

• Export uncertainty persists due to ongoing tariff wars and global trade challenges.