- 16 Jun 2022
- ICICIdirect Research
TTK PRESTIGE WITNESSING STEADY REVENUE GROWTH WITH INCREASED SALES OF VALUE ADDED PRODUCTS
TTKPRESTIG - 861 Change: -14.80 (-1.69 %)News: In a media interaction , the management of TTK Prestige indicated that demand for its products was steady in Q1FY23 and raw material cost increase has stopped increasing with possibility of input cost reducing going ahead.
Views: The management indicated that value added and premium products were witnessing better growth than entry level products. Expected moderation in input cost and higher proportion of revenues from premium and value added products should support the margins of the company. The management indicated that it is expecting to clock Ebitda margins in its targeted range of 15-16%. Channel-wise all channels are performing well and ecommerce growth rate has seen moderation from its peak but is still posting positive growth. The company has strong liquidity position and is planning a capex of around ₹ 80 crore in FY23 and also open to acquiring any company that might have synergies with the company’s operations.
Impact: Positive