Seeing green shoots everywhere; GST still hazy: TTK Prestige

There is a decent pick up in demand and signs of green shoots for TTK Prestige, says TT Jagannathan, Chairman of the company. In an interview to CNBC-TV18, Jagannathan says the company has witnessed a double digit recovery year-on-year (y-o-y) for the company. However, the company has no expansion plans, he says. "We had invested a lot of funds futuristically in capacity utilisation and I believe it would last until two years," he adds.Meanwhile, he believes e-commerce will bring a "dramatic change" for the company's sales going forward as the success rate in the segment is good.On the Goods and Services Tax (GST), Jagannathan says there is no clarity for the company to prepare itself for the same.