Ttk Prestige Limited · NSE:TTKPRESTIG
Ttk Prestige — Q2 FY2024 Earnings Presentation
24 slides from Ttk Prestige's earnings presentation, Oct 27, 2023
Slide 1: Cover letter to stock exchanges: data to be shared with 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 October 27, 2023 National Stock Exchange BSE Limited “Exchange Plaza”, C-1, Block
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 2023
Slide 3: General Backdrop for Q2 of FY 2023-24: General Economy
Financial Results for Quarter ended 30th September 2023 GENERAL BACKDROP FOR Q2 OF FY 2023-24 A. GENERAL ECONOMY • The volatile and uncertain global environment continued to exist in this quarter. The improvement / stability in global environment expected during this quarter did not happen after sho
Slide 4: General Backdrop for Q2 of FY 2023-24: General Economy (Continued)
Financial Results for Quarter ended 30th September 2023 GENERAL BACKDROP FOR Q2 OF FY 2023-24 A. GENERAL ECONOMY (Continued …) • The automobile, travel, hospitality, and entertainment continued to get higher share of the wallet during this quarter affecting the demand for consumer durables. • All ch
Slide 5: General Backdrop for Q2 of FY 2023-24: Specific to Company
Financial Results for Quarter ended 30th September 2023 GENERAL BACKDROP FOR Q2 OF FY 2023-24 B. SPECIFIC TO COMPANY • All channels were active throughout the quarter, but demand was tepid across channels. • Competitive intensity has been high during the quarter with increased discounting by most br
Slide 6: Key Performance Highlights of Quarter Ended 30th September 2023
Financial Results for Quarter ended 30th September 2023 KEY PERFORMANCE HIGHLIGHTS OF QUARTER ENDED 30TH SEPTEMBER 2023 (AS COMPARED TO Q2 OF PREVIOUS YEAR) • Domestic Sales was Rs.665.4 Crores (PY Rs.790.6 Crores) (festival is delayed as compared to previous year) • Export Sales for the quarter was
Slide 7: Key Business Facts for Q2 of FY 2023-24
Financial Results for Quarter ended 30th September 2023 KEY BUSINESS FACTS FOR Q2 OF FY 2023-24 • The gross margin was lower than the immediate last quarter due to unfavourable product mix, higher sales promotions, and liquidation of high-cost inventory. These are transient in nature. • Inspite of t
Slide 8: Key Performance Highlights of 1st Half Year Ended 30th September 2023
Financial Results for Quarter ended 30th September 2023 KEY PERFORMANCE HIGHLIGHTS OF 1ST HALF YEAR ENDED 30TH SEPTEMBER 2023 (AS COMPARED TO 1ST HALF OF PREVIOUS YEAR) • Domestic Sales was Rs.1195.7 Crores (PY Rs.1368.0 Crores) • Export Sales for the 1st half was Rs.38.0 Crores (PY Rs.39.6 Crores)
Slide 9: Sales Breakup – Standalone – for 2nd Quarter
Financial Results for Quarter ended 30th September 2023 SALES BREAKUP – STANDALONE- FOR 2ND QUARTER (In Rs. Crores) Q2 Q2 GROWTH Q2 Q2 2023-24 2022-23 2021-22 2020-21 COOKERS 216.24 249.45 -13% 237.54 165.06 COOKWARE 114.93 130.65 -12% 138.44 101.97 APPLIANCES 318.43 399.56 -20% 404.92 298.44 OTHERS
Slide 10: Sales Breakup – Standalone – for 1st Half Year
Financial Results for Quarter ended 30th September 2023 SALES BREAKUP – STANDALONE- FOR 1ST HALF YEAR (In Rs. Crores) 1st Half 1st Half GROWTH 1st Half 1st Half 2023-24 2022-23 2021-22 2020-21 COOKERS 394.62 443.53 -11% 341.57 222.97 COOKWARE 204.85 236.29 -13% 207.34 137.24 APPLIANCES 569.61 671.73
Slide 11: Q2 Top line over 5 years (Standalone)
Q2 Top line over 5 years (Standalone) 808.6 807.9 683.7 590.2 573.6 37.0% 3.9% -0.1% 2.9% -15.4% 2019-20 2020-21 2021-22 2022-23 2023-24 Net Sales (Rs Crores) Sales Growth % Tend (Net Sales) 10
Slide 12: Q2 EBITDA over 5 years (Standalone)
Q2 EBITDA over 5 years (Standalone) 17.8% 16.2% 15.8% 15.7% 14.6% 143.8 93.2 127.1 92.7 100.2 2019-20 2020-21 2021-22 2022-23 2023-24 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 11
Slide 13: 1st Half Top line over 5 years (Standalone)
1st Half Top line over 5 years (Standalone) 45.9% 1407.6 1233.7 1165.5 1007.2 798.8 20.8% 3.7% -12.4% -20.7% 2019-20 2020-21 2021-22 2022-23 2023-24 Net Sales (Rs Crores) Sales Growth % Trend (Net Sales) 12
Slide 14: 1st Half EBITDA over 5 years (Standalone)
1st Half EBITDA over 5 years (Standalone) 216.7 191.1 183.0 155.3 16.4% 14.8% 107.7 15.4% 15.4% 13.5% 2019-20 2020-21 2021-22 2022-23 2023-24 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 13
Slide 15: UK Subsidiary – Horwood Homewares Ltd
Financial Results for Quarter ended 30th September 2023 UK SUBSIDIARY – HORWOOD HOMEWARES LTD • Horwood achieved a sale of £3.5 million during Q2 FY24 (PY £3.8 million) and £6.6 million during 1st Half FY24 (PY £6.9 million). • The expected recovery in economy failed to materialise in any substantia
Slide 16: Indian Subsidiary – Ultrafresh Modular Solutions Limited
Financial Results for Quarter ended 30th September 2023 INDIAN SUBSIDIARY – ULTRAFRESH MODULAR SOLUTIONS LIMITED • Ultrafresh achieved a sale of Rs 8.8 Crores during Q2 FY 24 (PY Q2: Rs 6.4 Crores) and Rs 16.1 Crores for 1st Half FY24 (PY: 10.8 Crores) • Being an Associate Company up to December 202
Slide 17: Going Forward
Financial Results for Quarter ended 30th September 2023 GOING FORWARD • The global economy which was already affected by Ukraine-Russia geopolitical issues, is further affected now with the geo-political conflicts in West Asia which is likely to impact the crude prices contributing to inflationary t
Slide 18: Safe Harbour
Financial Results for Quarter ended 30th September 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 THE
Slide 19: Product Launches Q2 FY24
PRODUCT LAUNCHES Q2 FY24 18
Slide 20: New Launches – Q2 | Kitchenware
New Launches – Q2 | Kitchenware Triply Handi 3L & 5L PSSB 01 – SS | 750 ML PSSB 01 – Color | 750 ml PSSB 03 – 1000 ML PSSB 04 – Color – 700 ML PSSB 02 |1000 ML PSSB 02 – Color | 1000 ML PSSB 06 – Color – 600 ML PSSB 05 – 900 ML PSSB 05 – Color – 900 ML Triply Tadka pan Deluxe BYK
Slide 21: New Launches – Q2 | Appliances
New Launches – Q2 | Appliances Cute SS Rice Cooker Zen 600 & 900 Kitchenhood Nakshatra V2 PKNSS 1.O Desire Hobtop – 1.8 l & 2.8 l 2,3,4 B PSDP 02 & PSDP 03 & PEG 7.0 Magic Plus 4B Burner long PGDP 03 PIC 31. 0 V4 PGDP 02
Slide 22: New Launches – Q2 | Appliances
New Launches – Q2 | Appliances Oscar Safesense 600 & 900 Oscar Black 600 & 900 Royal Plus – 2,3,4 B With made in India Glass Atlas Classic 500 W - Flipkart Crysta Airfryer Spark Induction Astra 1200 W PRWO 1.5 - 2 Induction
Slide 23: New Launches – Q2 | JUDGE
New Launches – Q2 | JUDGE Judge SS Serveware 1,1.5,2 & Judge Deluxe 4B Gas stove 3L
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