TTK Prestige has posted robust Q2 profits/earnings at Rs.33.71 crore; a jump of 55% from the quarter ended September 30, 2010 figures. Its total income for the quarter surged by 52% year-on-year at Rs.303 crore.

TTK Prestige is involved in providing total kitchen solutions such as pressure cookers, non-stick cookware, mixer-grinders, pop-up toasters and electric kettles amongst other small-ticket home appliances. The company boasts of a robust 35% market share in the pressure cooker and non-stick cookware products.

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On the stock market bourses, the small-cap stock TTK Prestige has been a big out-performer irrespective of the movement in the Indian benchmark indices. The company’s free float trades of a market capital of Rs.3180 crore on BSE Sensex.

TTK Prestige had recorded a low of Rs.90 in April 2009 at the peak of global recession. However, within a short span of 30 months, the stock price has zoomed to Rs.2626 as on today’s close of trade.

TTK Prestige was recently in news on buzz of likely acquisition of Triveni Bialetti Industries that would enable the Indian cookware giant to expand faster in the non-stick cookware segment.

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