TTK Prestige Q2 net profit remains stagnant at Rs30.3 crore
Moneylife Digital Team 12 October 2013
The company’s net profit remained stagnant at Rs30.3 crore as its sales grew just 2.9% during the September quarter
 
Bangalore-based TTK Prestige reported a stagnant net profit for the quarter ending September on lower sales.
 
For the second quarter, the kitchen appliance maker said its net profit stood at Rs30.30 crore compared with Rs 30.28 crore, while net sales increased 2.9% to Rs345.5 crore from Rs335.6 crore, same period last year.
 
TTK Prestige has signed Bollywood star couple Aishwarya Rai Bachchan and Abhishek Bachchan as their brand ambassadors, and plans to use them in their mega advertising campaign to market their product line up.
 
On Friday, TTK Prestige closed 1.5% down at Rs3,481 on the BSE while the benchmark Sensex ended 255 points higher at 20,529.
 
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