TTK Prestige resumes few operations today

TTK Prestige today announced that the manufacturing facilities at Hosur (Tamil Nadu) , Roorkee  (Uttarakhand) and Karjan (Gujarat) have started day-shift operations within the conditions, as applicable to each location.

Recently, the nationwide lockdown was relaxed in certain areas which were termed as green and orange zones. Wherever permitted, the company offices are being operated with 30 per cent staff while, others are working from home. In-line with that, the company announced today that around a third of all Prestige Xclusive stores at green and orange zones have resumed retailing. The company will start online sales on May 6 after the warehouses open and get sanitised and thereafter, will work as per the applicable conditions.

TTK Prestige is among the leading brands in the kitchen equipment space, especially in the pressure cooker segment. The product profile is diversified with 33 per cent of the revenue coming from pressure cookers, 15 per cent from cookware, 14 per cent from gas stoves, 11 per cent from mixer grinder and the remainder from other kitchen and home appliances and cleaning solutions.

The stock closed at 4677.35, up by 0.28 per cent or Rs 13.25 per share. The intraday high is Rs 4696.50 and intraday low is Rs 4625. The 52-week high is Rs 7700 and 52-week low is Rs 3918.05 on BSE.