TTK Prestige earnings calls.

TTK Prestige delivered a robust Q1 FY27 with exceptional demand generation across categories, driven by consumer kitchen upgrades and accelerated replacement cycles. Management attributes growth to internal transformation initiatives over two years, strengthened counter shares in large outlets, and ~450 new SKU launches. Revenue growth of ~34% with only 3% from price hikes—rest from volume and mix. The company operates in mass premium segment, gaining targeted market share. Induction cooktops remain a key growth catalyst (now 8-10%Current 8-10%. Reported change: +3-5pp YoY. of sales vs 5% prior), alongside cookware premiumization and appliance smartification. Key headwinds include RM inflation (~8% average, 5-8% price hikes taken), CSD channel yet to recover, and rural volume pressure risk from price pass-through. Management declined specific guidance but expects growth better than single digits and above inflation, with value growth outpacing volume growth over time. A planned ₹500 crCurrent ₹500 Cr. Reported change: ₹120-130 Cr deployed.ore investment over 3 years (₹300 crore capex + ₹200 crore opex) continues, with ₹120-130 crore already spent.