TTK Prestige Limited has informed the Exchange regarding 'Chairman's speech delivered at 69th AGM held on August 07, 2025'.
TTKPRESTIG · price
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TTK Prestige's new Chairman addressed shareholders at the 69th AGM, marking a leadership transition as T.T. Jagannathan moved to Chairman Emeritus. For FY25, total revenue grew modestly by 1.2% to ₹2,530 Crores, with domestic sales up 1.4% to ₹2,464 Crores, driven by 7.8% growth in core traditional channels and 43% growth in the 'Judge' brand. Standalone operating EBITDA margin slipped to 11.9% from 12.8%, with PBT (before strategic investments) at ₹294 Crores vs ₹318 Crores previously. The company announced a ₹500 Crore strategic investment over 3 years (₹200 Cr for operational excellence, ₹300 Cr for capex), completed a ₹200 Crore share buyback, holds ₹825+ Crores in cash and remains debt-free, and recommended a ₹6/share dividend with payout rising to 51% from 35%.
Shareholders get a steady ₹6 dividend and a completed buyback, but should brace for near-term margin pressure as the ₹500 Crore investment program is expensed. The strong cash pile and debt-free status provide cushion, though weak export growth and a ₹71 Crore Horwood impairment are minor concerns.