TTK Prestige has appointed Mr. Chanchal Saxena as its Chief Information & Digital Officer, effective June 2, 2026. The appointment was made to strengthen the company's senior management personnel and drive its digital transformation initiatives.

Mr. Saxena brings over 20 years of experience in architecting scalable technology ecosystems and driving multimillion-dollar growth through strategic digital transformation. His expertise includes aligning IT strategy with business goals, managing technology budgets, and ensuring enterprise-grade data security. He has led cross-functional teams to modernize infrastructure and optimize cloud platforms in the manufacturing and retail sectors.

Prior to joining TTK Prestige, Mr. Saxena served as Business Partner – Digital Experience & AI COE at Kohler India in Gurugram, Haryana. He has also held positions at Panasonic India, LG Electronics, Datavibes Inc., and Tata Elxsi.

The disclosure regarding this appointment was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. There are no directorial relationships to disclose as per the filing.

Appointment Details

TTK Prestige Limited reported a 35.9% increase in profit before tax to ₹71.9 crore for the quarter ended March 31, 2026, driven by robust domestic demand and operational efficiencies. Operating EBITDA surged 43.8% to ₹81.7 crore during the quarter. The domestic market grew 14.4%, while overall company-level growth stood at 12.5%. For the full fiscal year FY26, net profit rose 14% to ₹185.47 crore, and revenue from operations increased 9.6% to ₹2,772.69 crore. The Board has recommended a dividend of ₹7.50 per share.

Financial Performance

The strong quarterly performance was supported by a favorable product mix and cost reduction initiatives. Operating EBITDA for the full year grew by 12.1% to ₹302.88 crore. The company incurred exceptional expenses of ₹26.92 crore during the year, primarily related to a Voluntary Retirement Scheme and provisions for the New Labour Code.

Management Commentary: Demand Drivers and Input Costs

During the Q4FY26 Earnings Conference Call held on May 22, 2026, and hosted by Ambit Capital, Managing Director and CEO Mr. Venkatesh Vijayaraghavan noted that the quarter was marked by geopolitical tensions, supply chain disruptions, and rising raw material prices. He highlighted that the volatile environment created a tactical short-term growth opportunity in the appliances segment, particularly induction cooktops, as consumers replaced existing kitchen appliances. Exports were impacted by global supply chain challenges, even as order-related demand remained intact.

On input costs, management indicated an average inflation of approximately 10% in the input cost basket, with increases in specific areas of around 15%. A price increase was implemented towards the middle of Q4, with its full impact expected to be partially reflected in Q4 and partially in the subsequent quarter. Management stated that price hikes are inevitable and will be calibrated in line with market response and demand conditions.

Operational Highlights and Category Trends

Management attributed cookware growth to new material innovations, including triply, stainless steel, cast iron, and ceramics, with these categories growing at 20% plus at an industry level. The company noted that the cooker category has seen a broad industry-wide shift, with stainless steel now accounting for 50% to 55% of the mix versus approximately 45% for aluminium. TTK Prestige's entire product portfolio has been transitioned to induction-compatible products. The Prestige Exclusive channel, comprising over 700 stores, contributes 12% to 15% of business and continues to grow in double digits. New product introductions constituted over 30% of total sales in FY26, reflecting the company's emphasis on product innovation and design.

On manufacturing utilisation, management indicated that kitchenware facilities operate at approximately 85% plus capacity, while appliances operate at around 75% to 80%. The company recently invested in a triply cookware facility in Karjan and expects further capital expenditure expansions in cookware and appliances over the next two years. Channel inventory was confirmed to be normalised, with no material GST-related inventory distortions in Q4.

Strategic Investments and Margin Outlook

TTK Prestige is investing approximately ₹200 crore over a three-year period in long-term strategic initiatives, including capability building, R&D, and marketing, with the investment cycle having commenced in Q4 of FY25. Capital expenditure deployment of approximately ₹300 crore is also underway. Management confirmed these investments will continue for approximately two more years. The company maintains a healthy free cash balance of over ₹877 crore and remains debt-free.

Management acknowledged that EBITDA margins will face near-term pressure during the investment phase but reiterated a target of returning to EBITDA margins of 13% to 14% once the investment cycle concludes and results begin to materialise. The company's omnichannel strategy spans general trade, large format stores, e-commerce, and quick commerce, with management noting that general trade growth has been driven by company-specific distribution initiatives rather than broader industry trends.

Corporate Announcements

The Board of Directors approved the audited financial results for the fourth quarter and year ended March 31, 2026, at its meeting held on May 22, 2026. The 70th Annual General Meeting is scheduled for August 04, 2026, via Video Conferencing. The transcript of the earnings call held on May 22, 2026, has been uploaded to the company's website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE690A01028/2ff5ff95bd1a49d3.pdf