TTK Prestige Q1 FY 2026-27 Results: Net Profit Jumps 134%, Revenue Rises 34%

TTK Prestige had a strong June quarter. Consolidated net profit more than doubled, up 133.8% to ₹58.97 crore from ₹25.22 crore a year ago, while revenue climbed 33.6% to ₹813.85 crore from ₹609.30 crore. The results, reviewed by statutory auditors PKF Sridhar & Santhanam LLP, were approved by the company's board on 28 July.

TTK Prestige Q1 FY27 Financial Performance

On a standalone basis, revenue from operations grew 34.2% year-on-year to ₹771.36 crore from ₹574.77 crore, while net profit rose 89% to ₹66.38 crore from ₹35.13 crore a year earlier. Standalone profit before tax and exceptional items increased 74.6% to ₹82.43 crore. After accounting for a ₹7.27 crore exceptional item adjustment, profit before tax came in at ₹89.70 crore, up 90% year-on-year.

Consolidated profit before tax and exceptional items rose 108.3% to ₹73.42 crore and after exceptional items stood at ₹80.69 crore, up 129% from ₹35.24 crore in Q1 FY26. Basic earnings per share on a standalone basis rose to ₹4.85 from ₹2.56, while consolidated EPS increased to ₹4.33 from ₹1.94 a year earlier.

The company said in its press release that revenue growth was mainly driven by increased demand for the company’s kitchen and home appliances portfolio, as well as the advantage of continued cost efficiency measures. These efficiency initiatives contributed ₹12.41 crore in savings during the quarter, against ₹17.71 crore a year earlier, as the programme moved past its most intensive phase.

How Did TTK Prestige's Business Perform?

Standalone employee benefit expenses rose to ₹77.89 crore from ₹66.19 crore, reflecting continued cost pressures even as the company works through a Voluntary Retirement Scheme introduced at its Hosur factory in the previous financial year. Other expenses increased to ₹166.43 crore from ₹136.62 crore, which included CSR spending of ₹1.43 crore during the quarter. Finance costs held broadly steady at ₹2.56 crore on a standalone basis, against ₹2.50 crore in Q1 FY26.

The quarter's results also reflect a ₹7.27 crore exceptional item tied to the reassessment of the Labour Codes' impact on the definition of wages, following the alignment of the company's salary structures during the period. The company has one reportable segment, kitchen and home appliances. The consolidated group comprises TTK Prestige Limited, the wholly owned subsidiary TTK British Holdings Limited (including Horwood Homewares Limited), and the 51%-owned Ultrafresh Modular Solutions Limited.

TTK Prestige Share Price Movement

TTK Prestige shares closed at ₹702.25 on the National Stock Exchange (NSE) on 28 July, up 7.16% from the previous day's close, as the market reacted to the company's Q1 FY 2026-27 results.

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