TTK Prestige's Roorkee Plant Hit by Floods, Full Operations Expected to Resume August 25

1 min read     Updated on 23 Aug 2025, 02:08 PM
scanx
Reviewed by
Jubin VergheseBy ScanX News Team
whatsapptwittershare
Overview

TTK Prestige Limited's manufacturing plant in Roorkee, Uttarakhand, has experienced operational disruptions due to heavy rains and flooding. The company has partially resumed production and expects full operations to resume by August 25. TTK Prestige is assessing potential asset damage, but all assets are insured. The company does not anticipate a material impact on overall operations due to sufficient capacity at other locations. TTK Prestige will continue to monitor the situation and provide updates.

17483901

*this image is generated using AI for illustrative purposes only.

TTK Prestige Limited, a leading kitchen appliances manufacturer, has reported a temporary disruption in operations at its Roorkee, Uttarakhand manufacturing plant due to severe weather conditions. The company has been grappling with the impact of heavy rains and flooding in the region, which has affected production at the facility.

Partial Production Resumes

Despite the challenging circumstances, TTK Prestige has managed to partially resume production at the Roorkee plant. This swift action demonstrates the company's resilience and commitment to maintaining its manufacturing capabilities even in the face of natural disasters.

Full Operations Expected Soon

The company has announced that it anticipates a return to normal operations at the Roorkee facility by August 25. This timeline suggests that TTK Prestige is working diligently to overcome the disruptions caused by the flooding and restore full production capacity.

Assessing Potential Damage

TTK Prestige is currently in the process of evaluating the extent of potential asset damage at the Roorkee plant. However, the company has assured stakeholders that all assets at the facility are adequately insured, which should mitigate any financial impact from the flooding.

Limited Impact on Overall Operations

In a statement, TTK Prestige emphasized that it does not expect the disruption at the Roorkee plant to have a material impact on its overall operations. The company attributed this to its diverse manufacturing capabilities, with sufficient capacity available at other locations to compensate for the temporary setback in Roorkee.

Ongoing Monitoring and Updates

TTK Prestige has committed to closely monitoring the situation at the Roorkee plant. The company plans to provide further updates on the resumption of full-scale production as the situation develops.

This incident highlights the importance of risk management and operational flexibility in manufacturing companies. TTK Prestige's quick response and the presence of alternative production facilities demonstrate its preparedness to handle unexpected challenges while minimizing the impact on its overall business operations.

Historical Stock Returns for TTK Prestige

1 Day5 Days1 Month6 Months1 Year5 Years
+0.24%+1.88%+4.03%-0.65%-30.23%+11.32%
TTK Prestige
View in Depthredirect
like20
dislike

TTK Prestige Reports 4.3% Revenue Growth, Invests in Strategic Initiatives

2 min read     Updated on 29 Jul 2025, 08:55 AM
scanx
Reviewed by
Naman SharmaBy ScanX News Team
whatsapptwittershare
Overview

TTK Prestige's Q1 FY2026 results show a 4.3% YoY increase in total sales to Rs 574.80 crore. Domestic sales grew 4.7% to Rs 559.20 crore. Despite revenue growth, profitability declined due to strategic investments of Rs 17.70 crore. Operating EBITDA decreased to Rs 51.00 crore, and PAT fell to Rs 35.10 crore. The company expects EBITDA margins to exceed 13% after completing investments. E-commerce led growth across channels, while rural markets faced challenges. TTK Prestige maintains a strong financial position with over Rs 816.00 crore in free cash and plans to invest Rs 200.00 crore over three years for strategic projects.

15305113

*this image is generated using AI for illustrative purposes only.

TTK Prestige , a leading kitchen appliances manufacturer, has reported a 4.3% year-on-year increase in total sales for the first quarter ended June 30, 2025. The company's financial results, released on July 28, 2025, reveal a mixed performance with growth in revenue but a decline in profitability due to ongoing strategic investments.

Revenue Growth Across Segments

The company's total sales for the quarter rose to Rs 574.80 crore, up from Rs 551.30 crore in the same period last year. The domestic market led this growth, with sales reaching Rs 559.20 crore, a 4.7% increase from the previous year's Rs 533.90 crore.

TTK Prestige's product segments showed varied performance:

Segment Q1 2025-26 (Rs Crore) Q1 2024-25 (Rs Crore) Growth
Cookers 188.00 179.60 4.7%
Cookware 105.60 98.60 7.1%
Appliances 251.80 243.30 3.5%
Others 29.50 29.80 -1.1%

Profitability Impacted by Strategic Investments

Despite the revenue growth, TTK Prestige's profitability saw a decline:

  • Operating EBITDA decreased to Rs 51.00 crore from Rs 61.90 crore in the previous year.
  • Profit before tax fell to Rs 47.20 crore from Rs 62.70 crore.
  • Profit after tax declined to Rs 35.10 crore from Rs 46.90 crore.

The company attributed this decline to ongoing strategic investments, with Rs 17.70 crore spent on initiatives aimed at achieving overall business excellence and sustainable cost savings.

Strategic Outlook and Investments

TTK Prestige highlighted its focus on future growth and operational efficiency:

  1. The company expects EBITDA margins to return to over 13% after completing strategic investments in the coming quarters.
  2. A Rs 200.00 crore investment plan over the next three years for strategic projects has been announced.
  3. The management anticipates stable gross margins, with a willingness to adjust prices if necessary to protect margins.

Channel Performance and Market Dynamics

  • E-commerce led the growth, followed by general trade and Prestige Xclusive stores.
  • The rural market, dependent on microfinance institutions, continued to face challenges.
  • The Judge brand, repositioned for the mass market, maintained strong double-digit growth.

Financial Position

TTK Prestige maintains a strong financial position with over Rs 816.00 crore in free cash, including short-term liquid investments, as of June 30, 2025.

Product Innovation

The company introduced 38 new SKUs across all categories during the quarter, with plans to launch approximately 76 new SKUs in the second quarter of FY 2026.

As TTK Prestige navigates through its strategic investment phase, the company remains focused on innovation and market expansion to drive long-term growth in the competitive kitchen appliances sector.

Historical Stock Returns for TTK Prestige

1 Day5 Days1 Month6 Months1 Year5 Years
+0.24%+1.88%+4.03%-0.65%-30.23%+11.32%
TTK Prestige
View in Depthredirect
like17
dislike
More News on TTK Prestige
Explore Other Articles
656.15
+1.60
(+0.24%)