Chairman of the company T T Jagannathan is an alumnus of IIT-Madras and belonged to the 1970 batch. He secured a gold medal for the best academic performance in mechanical engineering.
TTK Prestige has reported a strong set of Q2FY18 earnings. In an interview to CNBC-TV18, TT Jagannathan, Chairman of the company spoke about the results and his outlook for the company.
The TTK Prestige stock is down 15.5 percent from pre-demonetisation high of Rs 6,550. Speaking to CNBC-TV18, Chairman TT Jagannathan said the company has actually gained market share in the last two quarters.
"There is an improvement in demand. We see very sharp growth in the month of July than last year, let us hope it continues", TT Jagannathan, Chairman of TTK Prestige said.
TT Jagannathan, Chairman of TTK Prestige sees the benefit of lower raw material costs continuing until at least the second quarter this year.
The subsidiary is expected to acquire 100 percent equity in Horwood Homewares, which will be funded by a debt of Rs 20 crore, says TT Jagannathan, Chairman of TTK Prestige.
TT Jagannathan, Chairman of TTK told CNBC-TV18 that the revenues would have grown by 20 percent had the Chennai floods not impacted operations.
TT Jagannathan, Chairman, TTK Prestige says e-commerce will bring a “dramatic change†for the company‘s sales going forward as the success rate in the segment is good.
TTK Prestige chairman TT Jagannathan says falling commodity prices will perhaps improve margins by 1 percent in the next quarter
TT Jagannathan, chairman of TTK Prestige says FY15 margins will be under pressure as topline has been sluggish, but it will reverse in FY16.
TT Jagannathan, chairman, TTK Prestige said that he expects the company's EBIDTA margins to be around 12.2 percent going ahead.
TTK Prestige has been facing a troublesome last two quarters due to acute power problem in Tamil Nadu. The company is expecting a 10% revenue growth for FY14, which could be a challenge considering for the first half of the year the growth stood at 2%.
How TTK Group‘s TT Jagannathan battled competition and product fatigue with constant innovation and consumer proximity.
In the second half of the year, TT Jagannathan, chairman, TTK Healthcare expects sales to grow by 10 percent but bottomline to drop again by about 5 percent. He expects profit before tax to be about Rs 15 crore after spending around Rs 11 crore on initiatives.
Margins were lowest in 18 quarters reflecting pressure from sharp currency depreciation.
TTK Prestige attributes flat growth in the second quarter to bad market conditions in the Southern areas of the country. Meanwhile, the company is hopeful of better topline and bottomline growth going forward.
For the last ten years, the company has given guidance and maintained it. But this year, TTK Prestige's TT Jagannathan finds it difficult to predict. Depending upon the power situation in the south, the economy, the growth, he feels the company should be able to achieve around 10-15 percent.
Building positive cash flow is not a simple task. TT Jagannathan, Chairman of TTK Prestige did exactly this. Take a look at the TTK Prestige story and you will know how to rise from the ashes not once but twice.
TTK Prestige says it cannot predict recovery unless power shortage in Tamil Nadu is sorted out.
TT Jagannathan, chairman, TTK Healthcare says, in an interview to CNBC-TV18, that the merger of TTK Healthcare with TTK Protective Devices will boost the merged entity‘s revenues from contraceptives to Rs 500 crore by FY18.
TT Jagannathan, Chairman, TTK Prestige attributed the fall in profit to a depreciating rupee and the high cost of aluminium. Scarcity of electricity in its manufacturing plant at Tamil Nadu along with high cost of power contributed to the losses, he added.
TTK Prestige has announced that it will market high-end tableware, glassware and store-ware range of products along with US-based cookware and cutlery company World Kitchen. TT Jagannathan, chairman of TTK Prestige says, he expects a turnover of Rs 50 crore from the JV in FY13.
TTK Prestige is considering to merge an unlisted entity - Triveni Bialetti Industries Private Ltd (TBI) in a bid to expand its kitchenware business. TT Jagannathan, chairman of TTK Prestige, in an interview to CNBC-TV18, gave his views on how this possible merger will help the company going forward.
TT Jagannathan, chairman of TTK Prestige, in an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, said that the company's growth has been good so far as cost push has not been very high.
In an interview with CNBC-TV18, TT Jagannathan, Chairman, TTK Prestige said he expects more than 50% in both top-line and bottom-line in Q1.