TTK Prestige Q3 net up twofold to Rs.290M ($6.4M)
January 19, 
2011 | Business Standard | Mumbai

Kitchen appliances maker TTK Prestige today said its profit after tax (PAT) has grown nearly two fold to Rs.292.9M ($6.4M) in the quarter ended December 31, 2010 as against the same period last fiscal.

The company had a PAT of Rs.153.3M ($3.4M) during the quarter ended December 31, 2009, TTK Prestige said in a statement.

During the period, the company had registered a growth of 60.6 per cent in net sales to Rs.2,397.5M ($52.7M) against 1,492M ($32.8M) posted in the corresponding quarter previous fiscal

Besides, the company said it has added 26 stores during the quarter taking the total number of stores to 276 across the country.

TTK Prestige is a part of the Rs.11 BN ($241.7M) TTK Group. Its product portfolio includes pressure cookers, non-stick cookware, and gas stoves to electrical appliances and kitchen tools.

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