You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

TTK Prestige gains on commissioning expanded capacity at Gujarat plant

Capital Market 

TTK Prestige rose 1.62% to Rs 8859.30 after the company said that it has completed expansion of capacity at its plant at Karjan, Vadodara district in Gujarat.

This capacity expansion is with respect to non-stick cookware, the added capacity being 4 million pieces per annum.

"The commercial production from this expanded capacity has started from today i.e. 3 September 2021," TTK Prestige said in a statement.

TTK Prestige manufactures kitchen appliances and cookware, under the Prestige brand. The company is best known for its pressure cookers.

The company reported a consolidated net profit of Rs 30.59 crore in Q1 FY22 as against a net profit of Rs 2.55 crore in Q1 FY21. Revenue from operations increased by 77% YoY to Rs 401.07 crore during the quarter.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 03 2021. 13:13 IST