2 weeks ago
TTK Prestige Posts Strong Q1 Growth, Broker Retains Buy
TTK Prestige sells kitchen appliances and cookware.
Its sales grew strongly in the first quarter of FY27.
Most of the growth came from customers in India.
Sales of induction cook-tops and other appliances were especially strong.
Exports fell because shipping and logistics were disrupted.
The company’s Judge brand also grew quickly.
The broker expects demand to remain healthy because people are buying premium products and replacing older ones.
A ₹200-crore investment plan could reduce profits in the short term.
The broker still recommends buying the stock and estimates it could reach ₹749.
TTK Prestige’s consolidated revenue rose 33.6% to ₹814 crore in Q1FY27.
Domestic sales increased 35.6%, led by induction cook-tops and other kitchen appliances.
Export revenue fell 17.9% to ₹12.8 crore amid shipping and logistics disruptions.
Judge brand revenue rose 89.9% to ₹34.6 crore during the quarter.
The broker maintained a Buy rating and set a ₹749 target price versus a ₹591.45 CMP.
- Who
- TTK Prestige and the broker covering its stock.
- What
- TTK Prestige reported strong Q1FY27 revenue growth, while the broker maintained a Buy rating and a ₹749 target price.
- Where
- Domestic sales growth came from India, while exports were affected by shipping and logistics disruptions.
- When
- The report was published on August 20, 2026; the financial results cover Q1FY27.
- Why
- Growth was supported by stronger domestic demand, premiumisation, replacement purchases, improving discretionary spending, GST cuts and lower interest rates.
Key facts
- Current market price
- ₹591.45
- Broker target price
- ₹749
- Recommendation
- Buy
- Q1FY27 consolidated revenue
- ₹814 crore, up 33.6%
- Domestic sales
- Up 35.6%
- Export revenue
- ₹12.8 crore, down 17.9%
- Investment programme
- ₹200 crore focused on operational efficiency and long-term growth
Sources
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