ADVERTISEMENT
TTK Prestige Q4 Results Review: Dolat Capital Downgrades To 'Add', Cuts Target Price
Dolat Capital downgrades TTK Prestige's rating to ‘Accumulate’ from ‘Buy’ with revised target price of Rs 714, valuing at 24x FY27E EV/Ebitda.
28 May 2025, 03:38 PM IST 
In order to fortify the core business and accelerate topline growth, TTK Prestige will be investing Rs 5 billion in opex and capex over three years.
(Photo Source: Company website)
TTK Prestige registered revenue of Rs 6.5 billion in Q4, up 4.3% YoY. Growth in Q4 was muted vs peers - Butterfly (+11% YoY) but better than Sunflame (-24.2% YoY) and Stove Kraft (-3.8% YoY). Raw material costs declined 90 bps, which was completely offset by 50/490 bps increase in staff costs/other exp. respectively.
