TTK Prestige Limited , a renowned kitchen appliance manufacturer, has introduced a Voluntary Retirement Scheme (VRS) for workmen at its Hosur factory, signaling a significant move in its workforce management strategy.

Key Details of the Voluntary Retirement Scheme

Scheme Implementation and Impact

The company disclosed that between the evening of October 30 and the morning of October 31, 2025, about 43 workmen had already opted for the scheme. TTK Prestige anticipates additional acceptances before the scheme's closing date on November 1, 2025.

Company's Perspective

TTK Prestige believes that the implementation of this VRS will be mutually beneficial for both the workmen and the company. This strategic move may be aimed at optimizing operational efficiency and managing labor costs effectively.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, TTK Prestige has duly informed the National Stock Exchange and BSE Limited about this development. The company has also clarified that further disclosures as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are not applicable in this case.

This move by TTK Prestige comes at a time when many companies are reassessing their workforce strategies in response to changing market dynamics and operational requirements.

TTK Prestige Limited , a prominent player in the kitchen and home appliances segment, has announced its financial results for the second quarter and half year ended September 30, showcasing strong growth and improved profitability.

Financial Highlights

Key Performance Indicators

• Revenue Growth: TTK Prestige reported a significant year-on-year revenue growth of 11.03% in Q2, with revenue from operations reaching ₹786.64 crores compared to ₹708.52 crores in the same quarter last year.

• Profit Surge: The company's net profit after tax saw a substantial increase of 21.93%, rising to ₹77.06 crores in Q2 from ₹63.20 crores in the corresponding quarter of the previous year.

• Half-Year Performance: For the first half of the fiscal year, TTK Prestige's revenue stood at ₹1,530.32 crores, marking a notable increase from ₹1,259.77 crores in the corresponding period of the previous year.

Strategic Initiatives

TTK Prestige has demonstrated its commitment to long-term growth and efficiency by investing in business excellence initiatives. The company incurred expenses of ₹35.60 crores in the first half of the fiscal year towards business excellence initiatives and sustainable cost savings efforts.

Corporate Social Responsibility

In line with its commitment to social responsibility, TTK Prestige reported a CSR expenditure of ₹3.20 crores for the half-year period.

Board Approval and Disclosure

The financial results were approved by the Board of Directors in a meeting held on October 28. The meeting commenced at 10:30 AM and concluded at 12:20 PM. In compliance with regulatory requirements, the company has submitted these results to the National Stock Exchange and BSE Limited.

TTK Prestige's strong performance in Q2 reflects its resilience and ability to grow in the competitive kitchen and home appliances market. The significant increase in revenue and profitability, coupled with strategic investments in business excellence, positions the company well for sustained growth in the coming quarters.