TTK Prestige Ltd, the maker of kitchen appliances and cookware, is struggling to maintain profitability as increased competition erodes margins, especially in their bread-and-butter entry-level products. Additionally, consumer spending has shifted towards other discretionary items, making it challenging to boost sales. Against this backdrop, a modest 2% year-on-year consolidated revenue […]

Earlier this week, the company reported a 14% quarter-on-quarter drop in its consolidated Ebitda (earnings before interest, tax, depreciation, and amortization) to ₹2,444 crore during the three months ended March (Q4FY24).  A decline in steel prices and an increase in some cost items weighed on profitability despite higher volumes.  Investors […]