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ICICI Securities Report
Takeaways from TTK Prestige Ltd.'s Q3 FY22:
modest revenue growth of 5.5% YoY, albeit protecting gross margins (up 86 basis points YoY),
company's exports grew 43.5% YoY to Rs 245 million,
timely price hikes helped the company to improve gross margins amid steep inflationary pressures and
e-commerce growth was hindered with the re-opening of offline channels.
Steady launch of new innovative products (46 new stock keeping units in Q3 FY22) and distribution expansion are driving volume growth for the company. Its subsidiary revenues were flat YoY.
TTK Prestige invested in Ultrafresh Modular Solutions Ltd. to engage in modular kitchen business through franchise outlets across India.
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