TTKPRESTIG

Feb 28 (Reuters) - TTK Prestige Ltd TTKL.NS:

• TTK PRESTIGE LTD - FINANCIAL IMPLICATIONS TOTAL 100 MILLION RUPEES ON TAX ORDER

Source text: ID:nBSE9NhpSC

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Feb 18 (Reuters) - TTK Prestige Ltd TTKL.NS:

• TO COMMIT 5 BILLION RUPEES OVER NEXT THREE YEARS

• OUTLAY TO FORTIFY CORE BUSINESS OF PRESSURE COOKERS AND COOKWARE

• TO SPEND 2 BILLION RUPEES ON OPERATIONS, 3 BILLION RUPEES ON CAPEX

Source text: ID:nBSEb7p2hT

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** Shares of kitchenware maker TTK Prestige TTKL.NS down 5.8% to 754.1 rupees

** Co's Q3 profit declines 6.4% to 584.5 rupees ($6.75 million) as urban and rural consumers pull back on discretionary spending

** Co says demand post October 'sluggish' after festive sales

** Rural demand affected by pullback in lending by microfinance institutions

** Revenue from operations down 1.5% to 7.27 bln rupees

** Session's loss turns 12-month stock return negative, down ~3.4%

($1 = 86.5300 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Oct 30 (Reuters) - TTK Prestige Ltd TTKL.NS:

• Q2 CONSOL NET PROFIT 528.7 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 7.5 BILLION RUPEES

Source text: ID:nBSE6lSC2c

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Sept 26 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• HIGH COURT ALLOWED PERMANENT DECREE IN FAVOUR OF TTK PRESTIGE

• TTK PRESTIGE ALLEGED CO INFRINGED DESIGN FOR PRESSURE COOKER

• POTENTIAL IMPACT ON CO AT 3.9 MILLION RUPEES

Source text for Eikon: ID:nNSEYgfGp

Further company coverage: BUTT.NS

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** Shares of TTK Prestige TTKL.NS are up 4% in high vols

** Cookware maker approves share buyback of up to 2 billion rupees ($24 million)

** Sets buyback price at 1,200 rupees per share, a near 25% premium on last close

** Nearly 500,000 shares traded, 4x the 30-day avg

** TTKL has gained around 10% since buyback plan was announced on July 30

** Stock up 34% YTD after dropping 7.5% in 2023

($1 = 83.7275 Indian rupees)

(Reporitng by Nishit Navin)

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** Shares of TTK Prestige TTKL.NS rise 4% to 941.70 rupees, hitting their highest since early Nov 2022

** Indian cookware maker to consider a proposal for buyback of shares on Aug. 2

** Stock up ~18% in July so far, on track for second straight month of gains

** More than 277,000 shares change hands, over two times the 30-day avg

** Avg rating of six analysts covering the stock at "hold"; median PT at 925 rupees - LSEG data

** Including session's gains, stock up ~26% YTD

(Reporting by Dimpal Gulwani in Bengaluru)

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July 26 (Reuters) - TTK Prestige Ltd TTKL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 417.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.88 BILLION RUPEES

Source text for Eikon: [ID:]

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June 19 (Reuters) - TTK Prestige Ltd TTKL.NS:

• COMPANY HAS SIGNED AN AGREEMENT WITH A GLOBALLY REPUTED CONSULTANT

• AGREEMENT TO ASSIST COMPANY TO REDRAW ITS BLUEPRINT FOR A 5-YEAR LONG-TERM STRATEGY AND PLAN

• CO WILL BE SPENDING IN RANGE OF AROUND 120 MLN RUPEES OVER NEXT 6 MONTHS FOR THIS EXERCISE

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June 12 (Reuters) - TTK Prestige Ltd TTKL.NS:

• ENTERED INTO BINDING AGREEMENT WITH GRAMYAHAAT RURAL TECH

• TTK PRESTIGE WILL NOT HAVE CONTROLLING STAKE IN GRAMYAHAAT

• TOTAL COMMITMENT IS OF ORDER OF 150 MILLION RUPEES OF COMPULSORILY CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE3yxjgk

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May 28 (Reuters) - TTK Prestige Ltd TTKL.NS:

• DIVIDEND 6 RUPEES PER SHARE

• Q4 CONSOL NET PAT 574.2 MILLION RUPEES VERSUS 580.1 MILLION RUPEES

• NAMES VENKATESH VIJAYARAGHAVAN AS CEO

• Q4 CONSOL NET SALES 6.23 BILLION RUPEES VERSUS 6.11 BILLION RUPEES

• NAMES SARANYAN RAJAGOPALAN AS CFO

Source text for Eikon: ID:nNSE2PS39p

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** Shares of India's Butterfly Gandhimathi Appliances BUTT.NS down 4.1% at 756.45 rupees, after falling as much as 4.3% earlier in the session

** Kitchenware maker reports net loss in March quarter, compared with profit a year earlier, decline in revenue

** Trading vols 1.1x the 30-day avg

** YTD stock has fallen 27%, vs 4.3% drop in peer TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Havells India HVEL.NS down 1.6%; trading between gains of 2% and losses of 2.1%

** Co on Tuesday said it plans to expand its product portfolio with offering of kitchen appliances such as cooktops and chimneys

** Adds it expects to launch products in May; targets becoming one of top 3 players over next 3 years

** CLSA says competitive intensity to rise in large kitchen appliances segment with co's entry, CNBC-TV18 and Moneycontrol report

** CLSA says if co grabs a 10% market share, it could add 45-70 rupees to earnings per share, reports say

** Analysts' avg recommendation on HVEL is equivalent to 'buy' - LSEG

** Avg recommendation on Stove Kraft STOE.NS is 'strong buy', Crompton Greaves CROP.NS has 'buy' and TTK Prestige TTKL.NS rated 'hold' - LSEG

** HVEL up ~11% YTD, STOE climbed 6.7%

** CROP down 6.8% YTD, while TTKL declined 3.6%

(Reporting by Rama Venkat in Bengaluru)

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** Shares of TTK Prestige TTKL.NS rose as much as 3% to the day's high of 807 rupees before paring gains to trade 0.6% higher

** Indian cookware maker's Q3 consol net profit rose more than 8.5% while revenue climbed 6.3%

** Stock on track for third consecutive session of gains

** Trading volume 3.4x the 30-day moving avg, its most active session since Dec. 2023

** Mean recommendation of 5 analysts rating the stock is "buy"; median TP at 788.50 rupees, in line with its current price - LSEG data

** Stock fell 7.6% in 2023 vs a ~26% climb in the nifty 500 index .NIFTY500

(Reporting by Hritam Mukherjee in Bengaluru)

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Dec 22 (Reuters) - TTK Prestige Ltd TTKL.NS:

• DECIDED TO SPLIT ROLE BETWEEN MANAGING DIRECTOR AND CEO

• APPOINTED VENKATESH VIJAYARAGHAVAN AS CEO WHO WILL REPORT TO CURRENT MANAGING DIRECTOR CHANDRU KALRO

Source text for Eikon: ID:nBSE2smt3k

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Oct 27 (Reuters) - TTK Prestige Ltd TTKL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 592.7 MILLION RUPEES VERSUS 838.5 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.29 BILLION RUPEES VERSUS 8.42 BILLION RUPEES

• EXTENDED CURRENT TERM OF K SHANKARAN AS WHOLE TIME DIRECTOR

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Oct 20 (Reuters) - TTK Prestige Ltd TTKL.NS:

• SUCCESSFULLY CONCLUDED A LONG-TERM SETTLEMENT COVERING ITS PERMANENT WORKMEN AT HOSUR, TAMILNADU UNIT

Source text for Eikon: ID:nBSE8jyny2

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Aug 11 (Reuters) - TTK Prestige Ltd TTKL.NS:

• INDIA'S TTK PRESTIGE JUNE-QUARTER CONSOL NET PROFIT 480.2 MILLION RUPEES VERSUS PROFIT 532.9 MILLION RUPEES

• TTK PRESTIGE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.88 BILLION RUPEES VERSUS 6.29 BILLION RUPEES

Source text for Eikon: ID:nBSE17w8w9

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July 19 (Reuters) - TTK Prestige Ltd TTKL.NS:

• RESUMPTION OF PRODUCTION AT OUR ROORKEE PLANT AFTER FLOOD

• NORMAL MANUFACTURING OPERATIONS HAVE BEEN RESUMED FROM 18TH JULY

• ESTIMATED LOSS OF MOVABLES FROM FLOODS IS A LITTLE OVER 4 MILLION RUPEES AND INSURANCE CLAIMS HAVE BEEN LODGED FOR SAME

• ENTIRE AREA IS UNDER RED ALERT FOR NEXT 2 DAYS

Source text for Eikon: ID:nBSE5RrTmp

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July 14 (Reuters) - TTK Prestige Ltd TTKL.NS:

• DUE TO HEAVY RAIN AND FLOODS OPERATIONS AT MANUFACTURING UNIT AT ROORKEE, UTTARAKHAND HAVE BEEN DISRUPTED

• EXPECT LOSS OF PRODUCTION FOR ABOUT 4 DAYS

• CURRENTLY STEPS ARE IN PLACE TO RESUME PRODUCTION BY 18TH JULY AT OUR MANUFACTURING UNIT AT ROORKEE

• LOSS TO ANY ASSETS ARE BEING ESTIMATED BUT THESE ARE ALL COVERED BY ADEQUATE INSURANCE.

• CO HAS SUFFICIENT CAPACITIES AT OTHER UNITS, IMPACT NOT EXPECTED TO BE MATERIAL

Source text for Eikon: ID:nBSE61GCt1

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** Brokerage JM Financial says electrical consumer durables to see recovery in growth on the back of higher disposable incomes and low food inflation

** India's macro environment continues to be stable, rural demand scenario shaping up well - JM Financial note

** Stable raw material prices should "alleviate margin pressure", premiumisation and operating leverage to help margins, note says

** Brokerage says tepid demand in appliances continued in Q1FY24, unseasonal rains in March/May impacted channel offtake

** We remain positive for medium to long-term, given macro tailwinds, low penetration for some of the categories and category expansion opportunities - JM Financial analysts

** Rating house maintains "buy" on Bajaj Electricals BJEL.NS, V-Guard Industries VGUA.NS, Havells HVEL.NS and Stove Kraft STOE.NS; "hold" on Crompton Greaves Consumer Electricals CROP.NS and TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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May 25 (Reuters) - TTK Prestige Ltd TTKL.NS:

• DIVIDEND 6 RUPEES PER SHARE

• MARCH-QUARTER CONSOL PAT 580.1 MILLION RUPEES VERSUS 800.2 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.11 BILLION RUPEES VERSUS 6.98 BILLION RUPEES

Source text for Eikon: ID:nNSE9z7Qf

Further company coverage: TTKL.NS

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