TTK Prestige Limited has filed its audited financial results for the fiscal year ended March 31, 2026, reporting a 14% increase in standalone net profit to ₹185.47 crore from ₹162.68 crore in the previous year. The company's revenue from operations grew by 9.6% to ₹2,772.69 crore, driven by strong performance across key categories and distribution channels. The Board has recommended a dividend of ₹7.50 per share for the financial year 2025-26, subject to shareholder approval. The statutory auditors provided an unmodified opinion on the audited financial statements.

Financial Performance

The standalone financial results for FY26 reflect robust growth despite a challenging macroeconomic environment. Operating EBITDA (before exceptional items) rose by 12.1% to ₹302.88 crore, while profit before tax increased by 8% to ₹250.72 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. The net profit margin improved, supported by strategic initiatives and operational efficiencies.

Operational Highlights

The company achieved sales growth of 9.6%, breaking the low-growth phase observed in previous years. New product introductions constituted over 30% of total sales, with significant contributions from innovative categories like triply cookware and kitchen appliances. The domestic market grew by 9.8%, while exports registered a marginal increase of 2.6% to ₹68.28 crore. The Pressure Cookers and Cookware segments remained the primary revenue drivers, contributing ₹856.04 crore and ₹484.99 crore respectively.

TTK Prestige continued its long-term strategic investment plan, incurring approximately ₹82.6 crore in "soft" expenses and ₹87 crore in capital expenditure. These investments focus on business excellence, innovation, and manufacturing efficiencies. The company remains debt-free, maintaining a healthy free cash balance of over ₹877 crore as of March 31, 2026.

Subsidiary Performance

Consolidated turnover reached ₹2,973.57 crore, a growth of 9.5%. Subsidiary Horwood Homewares Ltd (UK) reported sales of £14.0 million, while Ultrafresh Modular Solutions Limited (India) recorded a turnover of ₹36.3 crore, growing 11.8%. Despite global geopolitical uncertainties affecting exports, the company maintained stable operational ratios and a dominant market share in key categories.

Corporate Announcements

The Board of Directors, at its meeting held on May 22, 2026, approved the audited financial results for the fourth quarter and year ended March 31, 2026. The 70th Annual General Meeting of the Company has been scheduled to be held on August 04, 2026, through Video Conferencing. Additionally, the Board appointed Mr. Parameshwar Hegde as the Scrutinizer for the AGM and re-appointed Ms. Jayanthi Hari as the Cost Auditor, M/s. S Viswanathan LLP as the Internal Auditor, and Mr. R V Krishnan as the Tax Auditor for the financial year 2026-27.

T T Lakshman, a promoter of TTK Prestige Limited, has filed a declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that no encumbrance was created on his equity shareholding in the company during the financial year 2025-26. The declaration was dated April 01, 2026, and submitted to the relevant stock exchanges and the company's Audit Committee.

Declaration Details

The filing confirms that T T Lakshman did not make any encumbrance, directly or indirectly, on his holding during FY 2025-26. The key details of the declaration are presented below:

Regulatory Compliance

The declaration was submitted to the following recipients in accordance with the applicable SEBI regulations:

• BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
• National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai 400 051
• Audit Committee, TTK Prestige Limited, Nagarjuna Castle, 1/1 & 1/2, Wood Street, Richmond Town, Bangalore – 560025

The declaration affirms that T T Lakshman had not created any encumbrance on his 40,11,505 equity shares of Rs. 1/- each in TTK Prestige Limited, either directly or indirectly, during the financial year 2025-26, as required under the SEBI Takeover Regulations.