The Economic Times
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| 15 February, 2022, 01:06 PM IST | E-Paper
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    TTK Prestige is a good stock buy now due to reasonable valuation, these other factors

    Synopsis

    TTK ramped up its e-commerce channels during the covid disturbances which now contribute around 18% of its sales. The company is also planning to develop online channels using its leadership in offline channels.

    TTK Prestige, one of India’s leading home and kitchen appliances players, reported a decent set of numbers for the third quarter of 2021-22. Its revenue grew only a moderate 6% y-o-y, mostly due to the higher base effect. The opening of the economy led to offline channels reporting higher growth in the third quarter compared to online channels. Even as the offline sales in January were impacted by Omicron, footfall started increasing in February
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