TTK Prestige, a leading kitchen appliances company, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Domestic Sales: ₹566.9 crore (2.8% YoY growth)
Export Sales: ₹13.5 crore
Total Sales: ₹580.4 crore (2.5% YoY growth)
EBITDA: ₹100 crore (5.3% YoY growth)
EBITDA Margin: 17.2% (compared to 16.8% in Q4FY23)
Operating EBITDA Margin: 14.0% (compared to 14.6% in Q4FY23)
Profit Before Tax (PBT): ₹81.7 crore (2.6% YoY growth)
Profit After Tax (PAT): ₹63.1 crore (6.4% YoY growth)
FY24 Financial Highlights:
Total Revenue: ₹2,678.1 crore (a slight decline compared to ₹2,777.1 crore in FY23)
Profit After Tax: ₹250.5 crore
Key Points:
Domestic Sales Growth: The company's domestic sales witnessed steady growth in Q4FY24, driven by increased demand for its kitchen appliances.
Export Sales Decline: Export sales decreased slightly in Q4FY24.
Profitability: EBITDA and PAT margins improved in Q4FY24, indicating efficient cost management and operational efficiency.
Planned Rationalization: The company's decision to rationalize its cleaning solutions portfolio resulted in a slight decline in top-line revenue.
Overall FY24 Performance: While total revenue declined marginally in FY24, the company managed to maintain profitability due to cost optimization measures and focus on core product categories.
For further analysis and information, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/ttk-prestige-ltd
TTK Prestige Investor Information: https://ttkprestige.com/corporate/investor-centre/investor-information/
5paisa Share Price: https://www.5paisa.com/stocks/ttkprestig-share-price
Economic Times Financial Summary: https://economictimes.indiatimes.com/ttk-prestige-ltd/yearly/companyid-8711.cms
Comments