The Hindu Business Line : TTK Prestige net up 33.75%

Advertisement

Bangalore Feb. 2 TTK Prestige Ltd has registered a 33.75 per cent increase in its post tax profit at Rs 4.24 crore on a record revenue of Rs 85 crore for the quarter ended December 31, 2006. Its revenue for the same period last year was Rs 77 crore.

The cumulative turnover for last nine months was Rs 238 crore, registering a growth of 31.27 per cent in comparison to the corresponding period of the previous year.

The profit for the nine months that ended on December 31, 2006 registered a growth of 64 per cent from Rs 5.71 crore in the corresponding year to Rs 9.36 crore in the current year.

More outlets

Mr T. T. Jagannathan, Chairman of TTK Group, said the company added 34 Prestige Smart Kitchen outlets during the third quarter and it now had a network of 164 Prestige Smart Kitchens across the country. The focus for the coming months will be to consolidate the existing range, he said.

He also observed that "Taking into account the sharp increase in input costs, the company in the near future would be focusing on margin improvement measures comprising improvement of realisation as well as improvement in internal productivities."

TTK Prestige Ltd is a part of the Rs 1,100 crore TTK Group, with a dominant market presence in the kitchen appliances. Overseas, Prestige products are sold under the Manttra brand name. Manttra is available in the US in major retail chains like Fred Meyer, Wal-Mart, K. Mart, Target, Sears & Roebuck.

More Stories on : Home Appliances | Financial Performance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page