TTK Prestige - Strengthens Core In FY21; Outlook Remains Robust: Anand Rathi

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

On going through the FY21 annual report, we maintain our positive stance on TTK Prestige Ltd.

The company has emerged stronger in FY21 and the growth momentum would continue in FY22 as is product range and geographic reach continues expanding pan-India, supported by stock keeping unit expansion.

Growth in cleaning solutions can be high as the company intends this brand to be the first across all India in this category, on levering its marketing network and brand proposition.

Exports are another growth lever, which can deliver.

Risks: Constrained demand for kitchen appliances, which could impact the company’s domestic business growth prospects.

Unfavourable sentiment across UK, which could hurt the demand prospects of its subsidiary, Horwood.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.