India's TTK Prestige profit rises as cooking gas shortage spurs strong appliance demand

TTK Prestige

22/05/2026 09:57

May 22 (Reuters) - Indian kitchenware maker TTK Prestige TTKL.NS reported a 29% rise in fourth-quarter profit before tax and exceptional items on Friday, as strong domestic demand, helped by a shift toward induction cooking appliances amid liquefied petroleum gas supply constraints boosted earnings.

The company's reported profit rose to 538.9 million rupees ($5.62 million) for the quarter ended March 31 from 453.8 million rupees a year ago.

In the year ago quarter, it booked a one-time impairment charge of 714 million rupees related to its UK subsidiary, Horwood Homewares, amid continued stress in the UK economy and concerns over potential U.S. tariffs.

Demand for kitchen appliances was supported by rising adoption of induction and electrical cooking appliances amid LPG supply constraints stemming from the war in the Middle East.

Domestic sales rose 14.4% to 6.68 billion rupees while exports fell to 121 million rupees in the quarter from 204.8 million rupees a year earlier, hit by disruptions in global shipping routes and tariff-related challenges.

Analysts at HDFC Securities said kitchen appliances are likely to post healthy growth, driven by rising induction cooktop adoption amid gas shortages.

Revenue from operations rose 12% to 7.29 billion rupees.

Shares of the company rose 5.2% after it reported results.

($1 = 95.8800 Indian rupees)

 (Reporting by Devika Nair in Bengaluru; Editing by Ronojoy Mazumdar)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))