Ttk Prestige Limited · NSE:TTKPRESTIG
Ttk Prestige — Q2 FY2024-25 Earnings Presentation
28 slides from Ttk Prestige's earnings presentation, Oct 30, 2024
Slide 1: Cover letter to stock exchanges
October 30, 2024 National Stock Exchange BSE Limited “Exchange Plaza”, C-1, Block G, 27th Floor, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : TTKPRESTIG Scrip Code : 517506 Dear Sir, Sub: Data to be shared with A
Slide 2: Gist of Information to be shared with Analysts
TTK PRESTIGE LIMITED Gist of Information to be shared with Analysts Quarter Ended 30th September 2024
Slide 3: General Backdrop for Q2 FY2024-25: General Economy
Financial Results for Quarter ended 30th September 2024 GENERAL BACKDROP FOR Q2 OF FY 2024-25 A. GENERAL ECONOMY ● After years of turbulence and significant volatility in economic output, the world economy is on a more stable trajectory with moderately receding inflation as reflected by rate cuts in
Slide 4: General Backdrop: General Economy (Continued)
Financial Results for Quarter ended 30th September 2024 GENERAL BACKDROP FOR Q2 OF FY 2024-25 A. GENERAL ECONOMY (Continued …) ● India is projected to grow at 7%-7.2% in FY 2025. The first quarter of FY2025 saw a 6.7% GDP growth year- on-year, slightly lower due to reduced government capital expendi
Slide 5: General Backdrop: Specific to Company
Financial Results for Quarter ended 30th September 2024 GENERAL BACKDROP FOR Q2 OF FY 2024-25 B. SPECIFIC TO COMPANY ● Trade channels did well during this quarter as compared to previous two quarters, but they continued to feel the pressure from the e-commerce and modern format stores which did well
Slide 6: Key Performance Highlights for 2nd Quarter
Financial Results for Quarter ended 30th September 2024 KEY PERFORMANCE HIGHLIGHTS FOR 2nd QUARTER ENDED 30th SEPTEMBER 2024 (AS COMPARED TO Q1 OF PREVIOUS YEAR) ● Domestic Sales was Rs 695.1 Crores (PY Rs 665.4 Crores) registering a growth of 4.5% ● Export Sales for the quarter was Rs 13.5 Crores (
Slide 7: Key Business Facts for Q2 FY2024-25
Financial Results for Quarter ended 30th September 2024 KEY BUSINESS FACTS FOR Q2 OF FY 2024-25 • The sales were robust during this quarter though the trade channel felt the pressures of the e-commerce and modern format stores ahead of the festive season. • While the traditional channel which includ
Slide 8: Key Business Facts for Q2 (Continued)
Financial Results for Quarter ended 30th September 2024 KEY BUSINESS FACTS FOR Q2 OF FY 2024-25 (Continued………) ● The benefits of repositioning of Judge brand have started materialising with high double-digit growth during this quarter. It is expected to maintain in the coming quarters. ● Trade colle
Slide 9: Key Business Facts for Q2 (Continued): Buyback
Financial Results for Quarter ended 30th September 2024 KEY BUSINESS FACTS FOR Q2 OF FY 2024-25 (Continued………) ● During the quarter the Company had announced the buyback of its 16,66,666 fully paid-up equity shares having face value of Rs 1 each from the existing shareholders through the ‘Tender Off
Slide 10: Key Performance Highlights of 1st Half Year
Financial Results for Quarter ended 30th September 2024 KEY PERFORMANCE HIGHLIGHTS OF 1st HALF YEAR ENDED 30th SEPTEMBER 2023 (AS COMPARED TO 1st HALF OF PREVIOUS YEAR) ● Domestic Sales was Rs 1229.0 Crores (PY Rs 1195.7 Crores) registering a growth of 2.8% ● Export Sales for the first half was at R
Slide 11: Sales Breakup – Standalone – For 2nd Quarter
Financial Results for Quarter ended 30th September 2024 SALES BREAKUP – STANDALONE- FOR 2ND QUARTER (In Rs. Crores) Q2 Q2 GROWTH Q2 Q2 2024-25 2023-24 2022-23 2021-22 COOKERS 223.29 219.78 1.6% 249.45 237.54 COOKWARE 122.87 114.93 6.9% 130.65 138.44 APPLIANCES 331.66 318.44 4.2% 399.56 404.92 OTHERS
Slide 12: Sales Breakup – Standalone – For 1st Half Year
Financial Results for Quarter ended 30th September 2024 SALES BREAKUP – STANDALONE- FOR 1ST HALF YEAR (In Rs. Crores) 1st Half 1st Half GROWTH 1st Half 1st Half 2024-25 2023-24 2022-23 2021-22 COOKERS 400.12 398.16 0.5% 443.53 341.57 COOKWARE 221.41 204.84 8.1% 236.29 207.33 APPLIANCES 575.76 569.62
Slide 13: UK Subsidiary – Horwood Homewares Ltd
Financial Results for Quarter ended 30th September 2024 UK SUBSIDIARY – HORWOOD HOMEWARES LTD ● Horwood achieved a sale of £ 3.2 million during Q2 FY25 (PY £3.5 million) and £ 5.9 million during 1st Half FY25 (PY £6.6 million). ● The UK economy is expected to see growth momentum improving as a resul
Slide 14: Indian Subsidiary – Ultrafresh Modular Solutions Limited
Financial Results for Quarter ended 30th September 2024 INDIAN SUBSIDIARY – ULTRAFRESH MODULAR SOLUTIONS LIMITED ● Ultrafresh achieved a sale of Rs 7.49 Crores during Q2 FY25 (PY Q2: Rs 8.8 Crores) and Rs 15.21 Crores for 1st Half FY25 (PY: Rs 16.1 Crores) ● Ultrafresh’s EBITDA for Q2 FY25 was at Rs
Slide 15: Going Forward
Financial Results for Quarter ended 30th September 2024 GOING FORWARD ● Optimism prevails as India records 8.2% growth in the FY 2023-2024, exceeding all expectations for the third consecutive year. The Indian economy is expected to grow at a rate of around 7 per cent in the current financial year o
Slide 16: Going Forward
Financial Results for Quarter ended 30th September 2024 GOING FORWARD ● All the above is expected to positively impact the customer sentiment and help to improve the customer demand. ● Aided by festive season the initial part of the third quarter is also showing some positive signs of recovery in de
Slide 17: Q2 Top line over 5 years (Standalone)
Q2 Top line over 5 years (Standalone) 37.0% 808.6 807.9 683.7 708.5 590.2 3.6% 2.9% -0.1% -15.4% 2020-21 2021-22 2022-23 2023-24 2024-25 Net Sales (Rs Crores) Sales Growth % 16
Slide 18: Q2 EBITDA over 5 years (Standalone)
Q2 EBITDA over 5 years (Standalone) 17.8% 15.8% 15.7% 14.6% 13.5% 144 127 93 100 95 2020-21 2021-22 2022-23 2023-24 2024-25 EBITDA (Rs Crores) EBITDA % 17
Slide 19: 1st Half Top line over 5 years (Standalone)
1st Half Top line over 5 years (Standalone) 45.9% 1407.6 1233.7 1259.8 1165.5 20.8% 798.8 2.1% -12.4% -20.7% 2020-21 2021-22 2022-23 2023-24 2024-25 Net Sales (Rs Crores) Sales Growth % 18
Slide 20: 1st Half EBITDA over 5 years (Standalone)
1st Half EBITDA over 5 years (Standalone) 16.40% 15.40% 14.83% 13.48% 14.00% 176 217 191 183 108 2020-21 2021-22 2022-23 2023-24 2024-25 EBITDA (Rs Crores) EBITDA % 19
Slide 21: Safe Harbour
Financial Results for Quarter ended 30th September 2024 SAFE HARBOUR THIS PRESENTATION MAY CONTAIN CERTAIN STATEMENTS WHICH ARE FUTURISTIC IN NATURE. SUCH STATEMENTS REPRESENT THE INTENTIONS OF THE MANAGEMENT AND THE EFFORTS BEING PUT IN BY THEM TO REALIZE CERTAIN GOALS. THE SUCCESS IN REALIZING THE
Slide 22: Product Launches Q2 FY25
PRODUCT LAUNCHES Q2 FY25 21
Slide 23: Key Launches - Kitchenware
Key Launches - Kitchenware TriPly Splendid Svachh Granite BYK Svachh BYK Granite Alpha BYK
Slide 24: Key Launches - Judge
Key Launches - Judge Judge Ladles Judge Idli Plate Judge Seperator Judge 3 Pc Set Judge 7 Pc Set Pride SS 3 L
Slide 25: Key Launches - Judge
Key Launches - Judge Judge Classic Ace OL 3 L Judge 30 Pc set Judge Deluxe Ace IL 3 L Judge Deluxe Ace OL 3 L
Slide 26: Key Launches - Appliances
Key Launches - Appliances Efficia Convertible Hobs 2B, Svachh Efficia Convertible Hobs Vectra 2B, 3B and 3B, 4B 2B, 3B, 4B 4B Long Multi-Chef All-In-One Air PIRC 2.0 Cook Center Fryer 6.5L
Slide 27: Key Launches - Appliance
Key Launches - Appliance Vista Deluxe Edge 600/900 Verna Wet Grinder 600/900 Judge Aura 750W Cruise 600W Magnite 750W Spark 750W
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