Consumer durable stock jumps after company announces ₹300 Cr capexConsumer durable stock jumps after company announces ₹300 Cr capex

Introduction:

A leading consumer durable stock has announced a ₹500 crore investment over three years, including a ₹300 crore capex plan. This strategic move aims to enhance operations, drive innovation, expand market reach, and improve cost efficiencies, strengthening its position in domestic and export markets.

Share Price movement of TTK Prestige:

On February 19, 2025, TTK Prestige Ltd opened at ₹684.95, reaching a high of ₹694.95, up 1.46% from its previous close of ₹678.30, and a low of ₹678.00. Currently, it is trading at ₹688.20, with a market cap of ₹9,436.54 crore.

TTK Prestige announces capex:

TTK Prestige Limited has approved a ₹500 crore financial commitment over the next three financial years, starting Q4 FY 24-25. This investment will cover ₹200 crore for operational enhancements and ₹300 crore for capital expenditures to strengthen its core business segments.  

The operational spending will focus on innovation, design, manufacturing, market expansion, logistics, and service improvements. Capital expenditures will enhance infrastructure and production capabilities. The company may seek external expertise in specific areas to achieve long-term growth and cost efficiencies while expanding its domestic and export markets.  

While the investment aims to drive future growth, initial one-time expenditures may temporarily impact operating EBITDA margins over the next eight quarters. However, the plan is designed to achieve business excellence, sustainable cost savings, and a strong market position in the long run.

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Recent news About TTK Prestige :

In its Q3 FY2024-25 financial results, TTK Prestige reported a net profit of ₹58.45 crore, a 6.4% decrease from the previous year, with revenue declining by 1.51% to ₹727.23 crore.

Stock performance of TTK Prestige for Period of 1 week, 6 months and 1 year:

TTK Prestige’s stock gained 0.36% over the past week, showing slight short-term stability. However, over six months, it declined by 27.5%, reflecting significant weakness. The stock’s one-year performance saw a 10.5% drop, indicating ongoing challenges and a bearish trend in its valuation.

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Shareholding pattern of TTK Prestige:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	70.52	70.52	70.41
FII	7.74	7.68	7.4
DII	14.26	14.22	14.09
Retail & others	7.48	7.59	8.09

About TTK Prestige:

TTK Prestige is a leading kitchen appliances brand specializing in pressure cookers, cookware, and small domestic appliances. It focuses on innovation, quality, and customer-centric designs, catering to both domestic and international markets with a strong presence in India’s consumer durable segment.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.