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Last Updated : Jul 22, 2015 02:19 PM IST | Source: Moneycontrol.com

TTK Prestige Q1 profit seen up 16%, volume growth may be 6%

Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 15.4 percent year-on-year to Rs 47 crore and margin may expand 40 basis points to 12.5 percent in the quarter gone by.

 
 
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Kitchen appliances company TTK Prestige will announce its quarterly earnings on July 23. Net profit is expected to rise 16.2 percent year-on-year to Rs 30 crore and revenue is seen increasing by 11.6 percent to Rs 375 crore in the quarter ended June, according to a CNBC-TV18 poll.


Analysts expect a decent numbers during the quarter and feels sequentially numbers may be much stronger.


Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 15.4 percent year-on-year to Rs 47 crore and margin may expand 40 basis points to 12.5 percent in the quarter gone by.

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Analysts expect 6 percent volume growth for the quarter, led by core product categories (cookware). Footfalls in brick-and-mortar stores may see some revival and Smart Kitchens is likely to report same-store-sales growth of 20 percent in Q1. They feel channel disruption from e-tailers now curbed.


According to them, concerns for the company are continued weakness in consumer segment, negative operating leverage, higher taxes due to cessation of benefits and no progress on new product category launches.

Key factors to watch out for are gross margins (which have been around 41-42 percent), commodity prices & impact on raw materials, stock & inventory updates, sales ratio between different segments, and expansion.

First Published on Jul 22, 2015 01:22 pm
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