World · India Bureau
TTK Prestige shares surge on strong Q2 earnings growth
TTK Prestige's stock price jumped 14 percent following a robust second-quarter performance, with net profit climbing 65 percent year-on-year to ₹104.4 crore.
LSN India ·
Shares of TTK Prestige Limited rose sharply in trading following the kitchen appliances and cookware manufacturer's release of second-quarter results for the fiscal year ending March 2027. The company reported net profit of ₹104.4 crore for the quarter, representing a year-on-year increase of 65.2 percent compared to the corresponding period in the previous fiscal year.
The significant profit growth reflected strong demand for the company's portfolio of pressure cookers, non-stick cookware, and other kitchen products. TTK Prestige has maintained its position as a leading player in the organized kitchen appliances segment across India.
The 14 percent surge in the company's share price underscores investor confidence in the company's business trajectory and operational performance. The quarter's results demonstrate the company's ability to expand margins and capitalize on growing consumer spending on durable home goods in the Indian market.