CRISIL Research has come out with its report on TTK Prestige. According to the research firm, the water purifier market is expected to grow at greater than 20% CAGR in the next few years. The company can leverage its strong brand equity and distribution network to realise this potential.
CRISIL Research has come out with its report on TTK Prestige . According to the research firm, the water purifier market is expected to grow at greater than 20% CAGR in the next few years. The company can leverage its strong brand equity and distribution network to realise this potential.
TTK Prestige Ltd (TTK), a leading, organised kitchen appliances manufacturer, has further entrenched its position with the launch of innovative products and entry into allied product market segments. Though competition, due to low entry barriers, threatens to be a risk, TTK’s strong brand, wide distribution network, rich product portfolio and robust financials will hold it in good stead and enable it to tap the growth opportunity in the kitchenware market. We reiterate the fundamental grade of 5/5, indicating that its fundamentals are excellent relative to other listed securities in India.
Portfolio of new products expected to sustain the growth momentum
Business tie-ups: A leg into new product segments with significant market potential
Competition remains the foremost challenge
Revenues expected to grow at a two-year CAGR of 25%
Valuations: The current market price has downside
Disclaimer: This report (Report) has been commissioned by the Company/Investor/Exchange and prepared by CRISIL. The report is based on data publicly available or from sources considered reliable by CRISIL (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. Opinions expressed herein are CRISIL's opinions as on the date of this Report. The Data / Report are subject to change without any prior notice. Nothing in this Report constitutes investment, legal, accounting or tax advice or any solicitation, whatsoever. The Report is not a recommendation to buy / sell or hold any securities of the Company. CRISIL especially states that it has no financial liability, whatsoever, to the subscribers / users of this Report. This Report is for the personal information of the authorized recipient only. This Report should not be reproduced or redistributed or communicated directly or indirectly in any form to any other person or published or copied in whole or in part especially outside India, for any purpose.
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