Ttk Prestige Limited · NSE:TTKPRESTIG
Ttk Prestige — Q3 FY2023-24 Earnings Presentation
26 slides from Ttk Prestige's earnings presentation, Feb 6, 2024
Slide 1: Cover letter to stock exchanges on data for analysts
Corporate Office: Nagarjuna Castle, 1/1 & 1/2, Wood Street, Ashok Nagar, Richmond Town, Bangalore – 560 025 Phone: 080-22217438/39, Email: ttkcorp@ttkprestige.com Website: www.ttkprestige.com CIN: L85110TZ1955PLC015049 February 06, 2024 National Stock Exchange BSE Limited “Exchange Plaza”, C-1, Bloc
Slide 2: Gist of Information to be shared with Analysts
TTK PRESTIGE LIMITED Gist of Information to be shared with Analysts Quarter Ended 31st December 2023
Slide 3: General Backdrop for Q3 FY 2023-24: General Economy
Financial Results for Quarter ended 31st December 2023 GENERAL BACKDROP FOR Q3 OF FY 2023-24 A. GENERAL ECONOMY The growth outlook for the global economy continued to remain sluggish during this quarter. Geopolitical threat continued to be a dominant factor with both Ukraine – Russia and Israel-
Slide 4: General Backdrop: General Economy (Continued)
Financial Results for Quarter ended 31st December 2023 GENERAL BACKDROP FOR Q3 OF FY 2023-24 A. GENERAL ECONOMY (Continued …) Monsoon rains were erratic and ended with deficit of around 6%. Consumer goods market continued to witness mixed consumption patterns during this quarter inspite of the s
Slide 5: General Backdrop: General Economy (Continued)
Financial Results for Quarter ended 31st December 2023 GENERAL BACKDROP FOR Q3 OF FY 2023-24 A. GENERAL ECONOMY (Continued …) • However, in December the sales were below everyone’s expectations as the channels focussed on destocking post festive season. • Among all the spectrum of consumer products,
Slide 6: General Backdrop: Specific to Company
Financial Results for Quarter ended 31st December 2023 GENERAL BACKDROP FOR Q3 OF FY 2023-24 B. SPECIFIC TO COMPANY • While all channels were active throughout the quarter, and as expected the quarter began well with the shifting of festive season, the Online channels had a higher growth during the
Slide 7: Key Performance Highlights of Quarter Ended 31st December 2023
Financial Results for Quarter ended 31st December 2023 KEY PERFORMANCE HIGHLIGHTS OF QUARTER ENDED 31ST DECEMBER 2023 (AS COMPARED TO Q3 OF PREVIOUS YEAR) Domestic Sales was Rs.667.8 Crores (PY Rs.636.6 Crores) registering a growth of 4.9% Export Sales for the quarter was Rs.18.8 Crores (PY Rs.1
Slide 8: Key Business Facts for Q3 of FY 2023-24
Financial Results for Quarter ended 31st December 2023 KEY BUSINESS FACTS FOR Q3 OF FY 2023-24 With the festive season shifted by a month this year, the quarter began well and for a first time after several quarters we were ahead on year-on-year basis. Though October and November signs showed a
Slide 9: Key Business Facts for Q3 of FY 2023-24 (Continued)
Financial Results for Quarter ended 31st December 2023 KEY BUSINESS FACTS FOR Q3 OF FY 2023-24 (Continued….) Introduced 25 new SKUs during this quarter across all categories. New launches are being received well in the market. Prestige Xclusive chain strength stood at 705 in 378 towns contributi
Slide 10: Key Performance Highlights of Nine Months Period Ended 31st December 2023
Financial Results for Quarter ended 31st December 2023 KEY PERFORMANCE HIGHLIGHTS OF 9 MONTHS PERIOD ENDED 31ST DECEMBER 2023 (AS COMPARED TO 9 MONTHS OF PREVIOUS YEAR) Domestic Sales was Rs.1863.5 Crores (PY Rs.2004.7 Crores) Export Sales was Rs.56.8 Crores (PY Rs.55.0 Crores) Total Sales was
Slide 11: Sales Breakup – Standalone – For 3rd Quarter
Financial Results for Quarter ended 31st December 2023 SALES BREAKUP – STANDALONE- FOR 3RD QUARTER (In Rs. Crores) Q3 Q3 GROWTH Q3 Q3 2023-24 2022-23 2021-22 2020-21 COOKERS 206.8 202.8 2% 225.6 204.3 COOKWARE 104.1 98.1 6% 114.1 104.7 APPLIANCES 339.4 324.7 5% 349.1 343.3 OTHERS 36.3 26.5 37% 30.3
Slide 12: Sales Breakup – Standalone – For Nine Months Period
Financial Results for Quarter ended 31st December 2023 SALES BREAKUP – STANDALONE- FOR 9 MONTHS PERIOD (In Rs. Crores) 9 Months 9 Months GROWTH 9 Months 9 Months 2023-24 2022-23 2021-22 2020-21 COOKERS 601.4 646.3 -7% 567.2 427.3 COOKWARE 309.0 334.4 -8% 321.4 241.9 APPLIANCES 909.0 996.4 -9% 924.7
Slide 13: Q3 Top line over years (Standalone)
Q3 Top line over 5 years (Standalone) 24.4% 5.3% 5.8% -1.1% -9.3% 546.1 679.4 719.1 652.1 686.6 2019-20 2020-21 2021-22 2022-23 2023-24 Net Sales (Rs Crores) Sales Growth % Trend (Net Sales) 12
Slide 14: Q3 EBITDA over years (Standalone)
Q3 EBITDA over 5 years (Standalone) 18.6% 18.2% 16.2% 13.9% 15.0% 88.7 126.6 131.0 90.6 103.0 2019-20 2020-21 2021-22 2022-23 2023-24 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 13
Slide 15: 9 Months Top line over years (Standalone)
9 Months Top line over 5 years (Standalone) 27.5% 9.3% 2.0% -4.8% -6.8% 1553.3 1478.2 1884.6 2059.7 1920.3 2019-20 2020-21 2021-22 2022-23 2023-24 Net Sales (Rs Crores) Sales Growth % Trend (Net Sales) 14
Slide 16: 9 Months EBITDA over years (Standalone)
9 Months EBITDA over 5 years (Standalone) 17.1% 15.7% 15.9% 14.9% 14.9% 244.1 234.3 322.1 307.3 286.0 2019-20 2020-21 2021-22 2022-23 2023-24 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 15
Slide 17: UK Subsidiary – Horwood Homewares Ltd
Financial Results for Quarter ended 31st December 2023 UK SUBSIDIARY – HORWOOD HOMEWARES LTD Horwood achieved a sale of £4.3 million during Q3 FY24 (PY £4.5 million) and £10.9 million for 9 Months FY24 (PY £11.4 million). The positive change in the economic climate in UK was felt only from Novem
Slide 18: Indian Subsidiary – Ultrafresh Modular Solutions Limited
Financial Results for Quarter ended 31st December 2023 INDIAN SUBSIDIARY – ULTRAFRESH MODULAR SOLUTIONS LIMITED Ultrafresh achieved a sale of Rs 7.2 Crores during Q3 FY 24 (PY Q3: Rs 6.8 Crores) and Rs 23.3 Crores for 9 Months’ FY24 (PY: 17.6 Crores) Being an Associate Company up to December 202
Slide 19: Going Forward
Financial Results for Quarter ended 31st December 2023 GOING FORWARD The global economy is constantly affected by one after another geo-political challenges the latest being the red sea crisis. This is expected to impact the crude prices and will also cause supply chain disruptions contributing to
Slide 20: Safe Harbour
Financial Results for Quarter ended 31st December 2023 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 THES
Slide 21: Product Launches Q3 FY24
PRODUCT LAUNCHES Q3 FY24 20
Slide 22: New Launches – Q3 | Kitchenware
New Launches – Q3 | Kitchenware ODG Twin Pack Durastone Casserole 2.4L Triply Tasla Knives Popular GVP – 5.5L, 7.5L, 10L, 12L
Slide 23: New Launches – Q3 | Appliances
New Launches – Q3 | Appliances PIC 20 Neo 1600W Prestige Atlas Touch PIC 22 Turbo Swish V4 IC Induction 2000W Royal Plus 3B Steel Prestige Slim Line 600 Prestige IRIS Plus Glass Chimney Top Gas Stove 4B
Slide 24: New Launches – Q3 | Appliances
New Launches – Q3 | Appliances Endura Pro 1000W Endura 3 Jar 1000W Superb Plus 500W Breeze JMG Regal 3 Jar 750W
Slide 25: New Launches – Q3 | JUDGE
New Launches – Q3 | JUDGE Optima Plus 1900W
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