T.T. Limited Reports 17.35% Sales Growth in Q1, Launches New West Bengal Factory
TTL, a leading knitwear company, announced Q1 financial results with total income rising to ₹4,826.59 lakhs, up 17.35% year-over-year. EBITDA improved to ₹291.77 lakhs from a loss in the previous year. Net profit declined to ₹42.72 lakhs. The company started commercial production at a new 1.25 lakh square feet factory in Howrah, West Bengal. TTL's trademark received recognition as a Well Known Mark by the Government of India, joining an elite group of 345 brands out of over 30 lakh registered trademarks.
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TTL , a leading knitwear company with a 60-year legacy, has announced its financial results for the first quarter, showing significant growth in sales and operational improvements. The company also reported the commencement of commercial production at its new factory in West Bengal and received recognition for its trademark as a Well Known Mark by the Government of India.
Financial Performance
TTL reported a total income of ₹4,826.59 lakhs in Q1, compared to ₹4,113.82 lakhs in the same quarter of the previous year, representing a year-over-year growth of 17.35%. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a remarkable improvement, reaching ₹291.77 lakhs, up from a loss of ₹387.81 lakhs in the previous year.
However, the net profit for Q1 declined to ₹42.72 lakhs from ₹671.08 lakhs in the same quarter of the previous year. It's important to note that the previous year's figure included an exceptional income of ₹1,704.25 lakhs, which significantly boosted the profit.
| Particulars (₹ Lakhs) | Q1 Current Year | Q1 Previous Year |
|---|---|---|
| Total Income | 4,826.59 | 4,113.82 |
| EBITDA | 291.77 | -387.81 |
| Net Profit | 42.72 | 671.08 |
New Factory in West Bengal
In a significant development, TTL commenced commercial production at its new factory in Howrah, West Bengal, in July. The facility, spanning 1.25 lakh square feet, is located in the West Bengal Hosiery Park. This strategic location offers several advantages:
- Access to a robust knitting cluster
- Availability of skilled labor
- Proximity to Kolkata, a major metropolitan city
- Easy access to port facilities, facilitating exports
Trademark Recognition
TTL's brand has achieved a notable milestone by being officially recognized as a Well Known Mark by the Government of India. This distinction places the T.T. brand among an elite group of only 345 brands out of over 30 lakh registered trademarks in India. This recognition, granted by the Trade Mark Department under the Ministry of Commerce & Industry, underscores the brand's widespread awareness and recognition across the country.
Company Overview
TTL is a vertically integrated textiles company with operations spanning yarn, knitted fabrics, and garments. The company's products are marketed under the well-known T.T. Brand, which has been endorsed by Bollywood celebrity Rajkumar Rao. With facilities in Avinashi (Tamil Nadu), Gajroula (Uttar Pradesh), Surat (Gujarat), and Kolkata/Howrah (West Bengal), TTL has established a strong presence across India.
The company's distribution network includes about 500 dealers nationwide, providing access to the growing Indian middle class. Additionally, TTL's products are available on major e-commerce platforms such as Myntra, Amazon, Flipkart, Ajio, and Snapdeal, as well as through prominent organized retail chains, CSD, and CPC.
TTL's global footprint extends to over 65 countries, showcasing its strong export capabilities. The company leverages a network of dedicated vendors in major knitting centers across India, including Tirupur, Kolkata, Delhi, Varanasi, Surat, Kanpur, and Ludhiana, to manufacture hosiery goods and knitted garments.
As TTL continues to expand its operations and strengthen its market position, the company remains focused on leveraging its six-decade legacy and adapting to the evolving textile industry landscape.
