TTK Prestige LTD. to Invest Rs. 500 Crores Over Next Three Years

TTK Prestige LTD. has received Board approval to commit financial resources amounting to Rs. 500 crores over the next three financial years commencing from Q4 of FY 24-25. The outlay will be divided between soft operational expenses and hard expenses of capital nature. The soft operational expenses, estimated at around Rs. 200 crores, will be used for innovation, design, manufacturing / sourcing, go to market with clear market segmentation, logistics and service. The capex is estimated to be of the order of Rs.300 crores. The investment is aimed at fortifying the core business of the company - Pressure cookers & Cookware, domestic kitchen appliances both electric and non-electric and targeted export clients. The action plan may result in some transient impact on operating EBITDA margins over the next 8 quarters as initial one-time soft-investments are targeted to achieve growth and cost-savings may not outweigh the one-time soft investments. Further disclosures as required under law will be made in the Directors’ Reports of Annual Reports from time to time or happening of any event requiring disclosure under SEBI (LODR) Regulations as amended from time to time.