TTK Prestige clocks ~21% yoy growth in PAT for Q4FY22; revenue at Rs697.50 crore

31 May 2022 , 01:26 PM

TTK Prestige Limited announced its results for the quarter and financial year ended March 31, 2022, and has put forward robust performance during the period under review.

The company has posted consolidated revenue of Rs697.50 crore in Q4FY22, as against Rs605.30 crore in the previous corresponding quarter, up by 15.20% yoy. Revenue for FY22 was reported at Rs2,722.50 crore.

The company reported a consolidated EBITDA of Rs109.20 crore in the quarter under review as compared to Rs107.60 crore in Q4FY21, clocking a growth of 18.10% yoy. For FY22, the company reported an EBITDA of Rs425.90 crore.

Company’s all product categories — cookers, cookware, and appliances — have witnessed double-digit growth in terms of 3-year CAGR in Q4FY22.

With a ~6% price hike in cookers & cookware and an ~8-10% price hike in appliances in FY22, TTK has seen EBITDA margin expansion despite unprecedented inflation in input costs, such as that of aluminum and steel.

Company’s consolidated PAT during the quarter stood at Rs80 crore as compared to Rs76.40 crore in Q4FY21, up by 4.80% yoy. PAT for the financial year under review stood at Rs305.40 crore as compared to Rs236.80 crore in the previous financial year.

EBITDA margin for the quarter was 15.70%, and PAT margin stood at 11.5%.

At around 1.31 PM, TTK Prestige was trading at Rs829.90 down by Rs1.85 or 0.22% from its previous closing of Rs831.75 on the BSE. The scrip touched intraday high and low of Rs840 and Rs825.75 respectively.