TTK Prestige (517506) Q4 24/25 earnings summary

Executive summary

• Positive macroeconomic environment and industry growth, with premiumization, expansion into Tier-2/3 towns, and e-commerce fueling demand.

• Company experienced stabilization and resumed positive growth, overcoming challenges in rural and CSD channels, with strong performance in general trade, e-commerce, and large-format stores.

• Q4 FY25 standalone sales grew 4% YoY to Rs. 603.8 Crores, with export sales up 60% and domestic sales up 3%.

• Full-year standalone sales reached Rs. 2,530.3 Crores, a 1.2% increase, with domestic sales up 1.4% and exports slightly down.

• Profitability was impacted by exceptional impairment charges in the UK subsidiary, leading to a sharp drop in reported PAT.

Financial highlights

• Q4 FY25: Total sales grew 4%, EBITDA at Rs. 72.5 Crores (vs. Rs. 100 Crores YoY), EBITDA margin at 12.0% (down from 17.2%).

• FY25: Standalone sales at Rs. 2,530.32 Crores (up from Rs. 2,500.74 Crores), EBITDA at Rs. 339 Crores (vs. Rs. 386 Crores YoY), EBITDA margin at 13.4% (vs. 15.4%).

• Standalone net profit after tax (post-exceptional): Rs. 162.68 Crores (down from Rs. 238.81 Crores YoY); consolidated net profit after tax: Rs. 108.01 Crores (down from Rs. 225.33 Crores YoY).

• Q4 standalone net profit after tax: Rs. 3.94 Crores (down from Rs. 63.13 Crores YoY); consolidated Q4 net loss after tax: Rs. 42.39 Crores (vs. profit of Rs. 57.42 Crores YoY).

• EPS (before exceptional items): Standalone FY25 Rs. 14.16 (PY: Rs. 17.23); consolidated FY25 Rs. 13.35 (PY: Rs. 16.48).

Outlook and guidance

• Management expects continued positive growth, leveraging channel strengths and ongoing investments in capacity and capability.

• No formal revenue or margin guidance, but expects margin dilution in the near term due to investments, with recovery to mid-teen margins post-investment phase.

• CapEx and OpEx investments of Rs. 500 Crores planned over three years to drive top-line growth and regain market share.

• Plans to launch 118 new SKUs in Q1 FY26, focusing on innovation and market expansion.