Slides
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Q3 FY 2025-26 Investor Presentation
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General backdrop for Q3 of FY 2025-26Performance HighlightsSubsidiaries - Performance HighlightsGoing ForwardProduct Launches Index
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A. GENERAL ECONOMYGENERAL BACKDROP FOR Q3 OF FY 2025-26The global economy remained resilient through 2025 despite higher trade barriers and policy uncertainty, supportedby front-loaded production, strong AI-led investment, and accommodative fiscal and monetary policies.Global inflation continued easing but stayed above target in major advanced economies, prompting central banks toremain cautious. Fiscal vulnerabilities and risks of financial-market corrections persisted, and rising trade barrierscontinued to threaten global supply chains.India remained one of the fastest-growing major economies, with FY26 GDP growth estimated at 7.3%–7.4%,underpinned by strong domestic demand and robust services and industrial activity. Q2 FY26 real GDP reached 8.2%, asix-quarter high.Inflation fell to 0.25% in October, rising modestly to 1.33% in December, well below the RBI’s 4% target. This enabledthe RBI to cut the repo rate by 125 bps to 5.25% in 2025, improving liquidity and credit conditions.GST rate reductions, along with lower interest rates, supported consumer sentiment, boosting demand across sectorsincluding automobiles and consumer durables.UPI transactions hit a record volume of 21.63 billion in December, reflecting strong digital adoption and consumeractivity.
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A. GENERAL ECONOMY (Continued…)GENERAL BACKDROP FOR Q3 OF FY 2025-26Industrial output rebounded, with IIP rising 6.7% YoY in November, led by 8% manufacturing growth, and Indiasurpassed Japan to become the world’s fourth-largest economy.Goods import revenue grew 19.7%, indicating strong trade and manufacturing momentum, while GST collections sawa modest 1.2% YoY rise due to delayed consumption following government spending and rate cuts.Retail demand held steady, supported by festive spending and premiumisation. However, higher input costs and rupeedepreciation drove 7–10% price hikes in cooling and electronics categories.Export-oriented sectors continued to face challenges from global uncertainties and US tariffs. Exports softened inDecember while imports rose, widening the trade deficit.
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GENERAL BACKDROP FOR Q3 OF FY 2025-26B. SPECIFIC TO COMPANYThe kitchenware and kitchen appliances market performed reasonably well during Oct–Dec 2025, supported by festivedemand uplift, rising urban lifestyle spending, premiumisation aided by positive customer sentiment driven by taxand interest rate reductions by Government.Modern Format and e-commerce continued to lead the growth trajectory.Price-led competition is especially heightened in value-focused market segments.Aluminium and copper prices increased markedly through Q3, driven by firm global demand, tariff-relatedsensitivities, and supply-side constraints. Other key commodities, including nickel, also experienced upward pressuredue to rupee depreciation, collectively contributing to margin compression across categories.While exports strengthened as clients brought forward shipments to mitigate tariff exposure, the lack of clarity onprospective tariff hikes is creating caution and slowing the pace of new orders.
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KEY PERFORMANCE HIGHLIGHTS FOR 3rdQUARTER ENDED DECEMBER 31, 2025(AS COMPARED TO Q3 OF PREVIOUS YEAR)PERFORMANCE HIGHLIGHTSDomestic Sales was at Rs 712.3 Crores (PY Rs 651.3 Crores); growth of 9.4%Export Sales for the quarter was at Rs 19.4 Crores (PY Rs 15.5 Crores); growth of 25.6%Total Sales was at Rs 731.7 Crores (PY Rs 666.8 Crores); growth of 9.7%Operating EBITDA was at Rs. 69.8 Crores as compared to PY Rs. 74.6 Crores.The Other Expense for the quarter includes Rs 22.8 Crores (PY Rs 4.2 Crores) being expenses attributable to Company’songoing efforts over next few quarters to achieve overall business excellence and bringing in sustainable cost savings.The operating EBITDA before this provision was 12.7% (PY 11.8%). After this provision, the Operating EBITDA margin wasat 9.5% (PY 11.2%)Profit before Tax (before exceptional) was at Rs 64.3 Crores (PY Rs 71.8 Crores)During the quarter Company had incurred exceptional expenses of Rs 24.72 Crores as detailed belowExpenditure towards Voluntary Retirement Scheme Rs 9.98 CroresIncremental impact in provision of Gratuity and Compensated Absences liability arising from the change in thedefinition of wages under the New Labour Code - Rs 14.74 CroresProfit after Tax is at Rs 29.5 Crores (PY Rs 54.3 Crores)EPS was at Rs 2.15 per equity share of face value Rs 1/- each (PY Rs 3.96)
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KEY PERFORMANCE HIGHLIGHTS FOR 3rdQUARTER ENDED DECEMBER 31, 2025(AS COMPARED TO Q3 OF PREVIOUS YEAR)PERFORMANCE HIGHLIGHTSConsolidated turnover was Rs 801.4 Crores (PY Rs 727.2 Crores); growth of 10.2%Consolidated Profit before Tax (before exceptional) stood at Rs 65.0 Crores (PY Rs 75.2 Crores)Consolidated Profit after Tax is at Rs 31.8 Crores (PY Rs 57.4 Crores) after accounting for the exceptional expenses of Rs25.5 Crores including Rs 0.81 Crores for the Indian Subsidiary due to incremental provision for gratuity arising from thechange in definition of wages under the New Labour Code (PY: Nil).Consolidated EPS was at Rs 2.40 per equity share of face value Rs 1/- each (PY Rs 4.27)
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KEY PERFORMANCE HIGHLIGHTS OF NINE MONTHS ENDED DECEMBER 31, 2025(AS COMPARED TO NINE MONTHS ENDED DECEMBER 31, 2024)PERFORMANCE HIGHLIGHTSDomestic Sales was Rs 2036.9 Crores (PY Rs 1880.3 Crores); growth of 8.3%Export Sales was at Rs. 56.2 Crores (PY Rs 46.2 Crores); growth of 21.9%Total Sales was Rs 2093.1 Crores (PY Rs 1926.5 Crores); growth of 8.6 %Operating EBITDA was at Rs 221.2 Crores (PY Rs 213.4 Crores); growth of 3.7%.The Other Expense for the period includes Rs 58.4 Crores (PY Rs 13.4 Crores) being expenses attributable to Company’songoing efforts over next few quarters to achieve overall business excellence and bringing in sustainable cost savings.The operating EBITDA before this provision was 13.4% (PY 11.8%). After this provision, the Operating EBITDA margin wasat 10.6% (PY 11.1%)Profit before Tax (before exceptional) was at Rs. 205.7 Crores (PY Rs 211.5 Crores)Profit after Tax is at Rs 134.7 Crores (PY Rs 158.7 Crores) after the exceptional expenses of Rs 24.72 Crores provided for Q3FY26 of this year towards VRS and impact due to New Labour Code (PY: Nil).EPS was at Rs 9.83 per equity share of face value Rs 1/- each (PY Rs 11.51)
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KEY PERFORMANCE HIGHLIGHTS OF NINE MONTHS ENDED DECEMBER 31, 2025(AS COMPARED TO NINE MONTHS ENDED DECEMBER 31, 2024)PERFORMANCE HIGHLIGHTSConsolidated turnover was Rs. 2244.4 Crores (PY Rs. 2065.2 Crores); growth of 8.7 %.Consolidated Profit before Tax (before exceptional items) stood at Rs 188.7 Crores (PY Rs 200.6 Crores)Consolidated Profit after Tax is at Rs 120.6 Crores (PY Rs 150.4 Crores) after accounting for the exceptional expenses of Rs25.5 Crores including Rs 0.81 Crores for the Indian Subsidiary due to impact of the New Labour Code (PY: Nil)Consolidated EPS was at Rs 9.04 per equity share of face value Rs 1/- each (PY Rs 11.10)
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KEY BUSINESS FACTS FOR Q3 & NINE MONTHS OF 2025-26PERFORMANCE HIGHLIGHTSDuring the quarter good growth was seen across the channels with modern format and e-commerce leading it withdouble digit growth.Though CSD Channel continues to be a challenge most of those sales are expected to be covered through other channels.Aided by the GST reduction the Cooker and Cookware had better growth than appliances during this quarter. Some werealso due to shifting of sales from August / September to this quarter due to this change.The company’s strategic initiatives have begun to yield meaningful results, reflected in steady market-share consolidationacross channels and product categories during the 9 month period this year, reinforced by sustainable cost savings in bothmanufacturing and supply chain operations.The repositioned Judge brand sustained robust performance, recording growth in excess of 50% in both quarter andperiod ended 31st Dec 2025.Commodity prices—particularly aluminium and copper—continued to rise through the quarter, exerting pressure on grossmargins across categories. The Company has been proactively mitigating this impact through strategic procurement andcalibrated price adjustments. Commodity prices have remained on an upward trajectory into Q4 as well.
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PERFORMANCE HIGHLIGHTSAs of December 31, 2025, the Company maintains a healthy free cash balance of around ₹800 crore, including short-termliquid investments. This solid liquidity profile has been achieved despite ongoing capital expenditure commitments andsufficient working-capital deployment to ensure a resilient and cost-effective supply chain.Introduced 45 new SKUs during this quarter across all categories.Prestige Xclusive chain strength stood at 707 in 328 towns contributing significantly to total sales.KEY BUSINESS FACTS FOR Q3 & NINE MONTHS OF 2025-26
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SALES BREAKUP – STANDALONE- FOR 3RD QUARTER(In Rs. Crores)PERFORMANCE HIGHLIGHTSQ3 Q3 Q3 Q32025-26 2024-25 2023-24 2022-23COOKERS 220.8 192.4 14.8% 209.8 202.8COOKWARE 135.2 107.9 25.3% 107.3 98.1APPLIANCES 342.6 333.6 2.7% 339.4 324.7OTHERS 33.1 32.8 0.7% 30.1 26.5TOTAL 731.7 666.8 9.7% 686.6 652.1PROPORTION TO Q3 Q3 Q3 Q3SALES 2025-26 2024-25 2023-24 2022-23COOKERS 30.2% 28.9% 30.6% 31.1%COOKWARE 18.5% 16.2% 15.6% 15.0%APPLIANCES 46.8% 50.0% 49.4% 49.8%OTHERS 4.5% 4.9% 4.4% 4.1%TOTAL 100.0% 100.0% 100.0% 100.0% GROWTH
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SALES BREAKUP – STANDALONE- FOR NINE MONTHS (In Rs. Crores)PERFORMANCE HIGHLIGHTS9 Months' 9 Months' 9 Months' 9 Months'2025-26 2024-25 2023-24 2022-23COOKERS 649.2 595.6 9.0% 604.4 646.4COOKWARE 379.0 329.4 15.1% 312.1 334.4APPLIANCES 971.2 913.2 6.3% 909.0 996.4OTHERS 93.7 88.2 6.1% 94.7 82.6TOTAL 2093.1 1926.5 8.6% 1920.3 2059.7PROPORTION TO 9 Months' 9 Months' 9 Months' 9 Months'SALES 2025-26 2024-25 2023-24 2022-23COOKERS 31.0% 30.9% 31.5% 31.4%COOKWARE 18.1% 17.1% 16.3% 16.2%APPLIANCES 46.4% 47.4% 47.3% 48.4%OTHERS 4.5% 4.6% 4.9% 4.0%TOTAL 100.0% 100.0% 100.0% 100.0% GROWTH
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Q3 NET SALES OVER 5 YEARS (STANDALONE) 719.1 652.1 686.6 666.8 731.75.8%-9.3%5.3%-2.9%9.7% 2021-22 2022-23 2023-24 2024-25 2025-26Net Sales (Rs Crores)Sales Growth %
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126.5 80.6 86.7 74.6 69.8 17.6%12.4%12.6%11.2%9.5%2021-22 2022-23 2023-24 2024-25 2025-26Operating EBITDA (Rs Crores)Operating EBITDA % Q3 OPERATING EBITDA OVER 5 YEARS (STANDALONE)***Operating EBITDA before Strategy Expenses Q3 2025-26 12.7% Q3 2024-25 11.8%
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NINE MONTHS NET SALES OVER 5 YEARS (STANDALONE) 1884.6 2059.7 1920.3 1926.5 2093.1 27.5%9.3%-6.8%0.3%8.6%2021-22 2022-23 2023-24 2024-25 2025-26Net Sales (Rs Crores)Sales Growth %
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303.8 285.8 239.0 213.4 221.216.1%13.9%12.4%11.1%10.6%2021-22 2022-23 2023-24 2024-25 2025-26Operating EBITDA (Rs Crores)Operating EBITDA % NINE MONTHS OPERATING EBITDA OVER 5 YEARS (STANDALONE)***Operating EBITDA before Strategy Expenses 9 Months FY 25-26 13.4% 9 Months 2024-25 11.8%
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UK SUBSIDIARY – HORWOOD HOMEWARES LTDSUBSIDIARIES PERFORMANCE HIGHLIGHTSHorwood achieved a sale of £ 5.1 million during Q3 FY26 (PY £ 4.8 million); growth of 7.8% and £ 10.7 million for 9Months FY26 (PY £ 10.7 million).Horwood’s Operating EBITDA for Q3 was at £ 0.5 million [PY £ 0.7 million] and the same for the 9 Months was at £ (0.1)million [PY £ 0.3 million].The UK economy showed clear signs of softening in Q3 FY25-26, with early data indicating stagnation amid a weakeninglabour market.The Bank of England reduced interest rates by 25 bps to 3.75% in December 2025, while signalling a cautious approach tofurther cuts due to persistent inflation risks.Consumer confidence improved marginally (GfK Index: –17 vs –19 in November) but remains subdued amid ongoingcost-of-living pressures.Inflation eased meaningfully toward the end of 2025, offering some relief after a prolonged period above target.Horwood is gaining momentum in digital-channel sales. Combined with a renewed focus on new product development,strengthening the retail channel, and expanding exports to Europe, this is expected to support long-term growth.The Horwood team remains focused on disciplined cost management, SKU rationalisation, and improving stockavailability to enhance overall return on resources.
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INDIAN SUBSIDIARY – ULTRAFRESH MODULAR SOLUTIONS LIMITEDSUBSIDIARIES PERFORMANCE HIGHLIGHTSUltrafresh achieved a sale of Rs 9.7 Crores during Q3 FY26 (PY Q3: Rs 9.0 Crores); growth of 8.2% and Rs 27.8 Crores for 9Months FY26 (PY: Rs 24.2 Crores); growth of 14.7%Ultrafresh’s Operating EBITDA (before exceptional) for Q3 FY26 was at Rs (1.5) Crores (PY Rs (2.2) Crores) and the samefor 9 Months FY26 is at Rs (5.8) Crores (PY Rs (5.2) Crores).Being a 51% Subsidiary Company their financials are consolidated appropriately in the Consolidated Financial Statements.Ultrafresh has continued to experience strong demand in retail sales, alongside steady momentum in project orders.Ultrafresh’s strategic investments in people and systems to support long-term growth have resulted in higher losses forthe period; however, the Company is actively pursuing cost-optimisation initiatives to strengthen EBITDA margins in thecoming quarters.
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India enters 2026 with strong momentum, easing inflation, and supportive policies, remaining one of the fastestgrowing major economies.FY26 GDP growth is projected at 7.3%–7.4%, underpinned by stronger than expected performance in 2025 and arobust first half.With its long-term goal of achieving high middle-income status by 2047, the country continues to build on solideconomic fundamentals, structural reforms, and social progress.Risks such as a rising trade deficit, food inflation volatility, and uneven industrial recovery persist; however, the policyenvironment remains growth oriented with a focus on demand and investment.Domestic demand is expected to lead the 2026 recovery, supported by lower borrowing costs and tax measures, withconsumption growth projected above 7% indicating healthy demand across categories.This macro environment supports stable growth across industries, including consumer durables where the Companyoperates.The Company remains optimistic that these favourable conditions, combined with its ongoing strategic initiatives, willsupport long term sustainable growth.The uncertainty on exports will continue due to ongoing tariff wars.Around 40 new SKUs are planned for launch in Q4 FY25-26 across categories, further strengthening the Company’sgrowth trajectory. GOING FORWARD
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SAFE HARBOURTHIS PRESENTATION MAY CONTAIN CERTAIN STATEMENTS WHICH ARE FUTURISTIC IN NATURE. SUCHSTATEMENTS REPRESENT THE INTENTIONS OF THE MANAGEMENT AND THE EFFORTS BEING PUT IN BYTHEM TO REALIZE CERTAIN GOALS. THE SUCCESS IN REALIZING THESE GOALS DEPENDS ON VARIOUSFACTORS BOTH INTERNAL AND EXTERNAL. THEREFORE, THE INVESTORS ARE REQUESTED TO MAKETHEIR OWN INDEPENDENT JUDGMENTS BY CONSIDERING ALL RELEVANT FACTORS BEFORE TAKINGANY INVESTMENT DECISION.
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PRODUCT LAUNCHESKitchenware & Kitchen AppliancesQ3 FY 25-26
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PRODUCT LAUNCHESLIGHT WEIGHT CAST IRON14 SKUsLIGHT WEIGHT CAST IRONTRIPLY CERAMICTRIPLY HONEYCOMB-CERAMIC 6 SKUsPOPULAR SVACHHPOPULAR SVACHH12 SKUs
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PRODUCT LAUNCHES Efficia Hob Gold Series 4B Judge Aura 1350 Infrared Cooktop PIRC 3.0
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PRODUCT LAUNCHES POTG 28 ACPrestige Edge Safe sense – 90cm and 60 Cm
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PRODUCT LAUNCHES Versa 500W, 3J Grindmaster Wet Grinder
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27Registered Office:Plot No.38, SIPCOT Industrial Complex, Hosur Tamilnadu 635126Corporate Office:Nagarjuna Castle No. 1/1, 1/2, Wood Street, Ashok Nagar,Richmond Town Bengaluru Karnataka 560025For any query, please write to us at:investorhelp@ttkprestige.comTHANK YOU