Profit ki Vapsi: Q4 FY26 Results ka Kamaal
TTK Prestige ke liye Q4 FY26 ka result kaafi shandaar raha. Company ne ₹36.8 crore ka consolidated net profit report kiya hai, jo pichhle saal isi quarter mein aaye ₹40.6 crore ke net loss se bahut behtar hai. Is turnaround ka main reason hai operations ka normal hona aur UK subsidiary se related one-time impairment charge ka na hona, jo pichhle saal ke results ko affect kar raha tha. Revenue bhi 12.3% jump karke ₹729 crore tak pahunch gaya, jo pehle ₹650 crore tha. Induction cooktops ki badhti demand ne sales ko boost kiya hai.
EBITDA aur Margin Mein Sudhar
Profit ke alawa, TTK Prestige ne operational performance mein bhi sudhar dikhaya hai. EBITDA 33.7% badh kar ₹67 crore ho gaya, jo pichhle saal ₹50.1 crore tha. Isse EBITDA margin 9.2% tak pahunch gaya, jo pehle 7.7% tha. Iska matlab hai ki company cost control aur pricing mein kaafi effective rahi hai. Pressure cookers aur cookware mein company ki position strong hai aur apna distribution network bhi kaafi bada hai.
Stock Price Ka Girna aur Valuation
Itna sab accha hone ke bavajood, TTK Prestige ka stock pichhle 3 saalon mein lagbhag 25.16% gir chuka hai. Company ki earnings bhi saal dar saal -15.2% se kam ho rahi hai, jo industry ke growth se alag hai. May 2026 tak, stock ka P/E ratio 95.12 hai, jo kaafi high mana jaata hai. Analysts ka kehna hai ki 'Hold' karna chahiye aur price target ₹528.25 ke aas-paas hai, lekin kuch reports pehle ke downgrades bhi bata rahi hain. Q4 FY26 revenue mein quarter-on-quarter decrease ki bhi khabar hai.
Dividend Aur Future Outlook
Company ke board ne shareholders ki approval ke baad ₹7.50 per equity share ka final dividend recommend kiya hai. Future revenue growth 3.2% annually projected hai, aur agle 3 saalon mein 8.7% growth ka andaaza hai, jo Consumer Durables industry ke 16% growth se kam hai. Company naye products aur capabilities par invest kar rahi hai, jisse short-term EBITDA par asar pad sakta hai. Analysts ke price targets alag-alag hain, kuch upside dekh rahe hain toh kuch cautious hain.
