TTK Prestige gains after positive Q1 results

The kitchen appliances company's consolidated net profit rose 0.9% to Rs 35.81 crore on a 2.8% increase in net sales to Rs 461.20 crore in Q1 June 2019 compared with Q1 June 2018.

TTK Prestige rose 0.77% to Rs 6,072.25. EBITDA grew 4% to Rs 62.65 crore in Q1 June 2019 over Q1 June 2018. EBITDA margins were around 14.5% this quarter.

TT Jagannathan, the chairman of TTK Prestige, has said, "Overall performance of your company was better than that of comparable peers and your company maintained or improved its market share in all key product categories." The result was announced on Monday, 12 August 2019.

Meanwhile, S&P BSE Sensex was down 323.75 points or 0.86% at 37,258.16.

On BSE, 412 shares were traded in TTK Prestige counter, compared to a 2-week average of 747 shares. The stock hit an intraday high of Rs 6,234.40 and an intraday low of Rs 6,024.35. It hit a 52-week high of Rs 7,738.57 on 6 March 2019 and a 52-week low of Rs 4,581.50 on 11 October 2018.

TTK Prestige operates through two segments: kitchen appliances and property & investment.

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