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TTK Prestige concludes long term settlement with workers

30 Jun 2011 Evaluate

TTK Prestige has successfully concluded a long term settlement covering all its workmen at the Hosur unit of the company. This settlement provides for significant increase in productivity.

Recently, TTK Prestige had completed the acquisition of over 60 acres of land in Vadodara district and was in the process of necessary clearances and approvals for setting up manufacturing facilities. The company had also commenced the proposed development of residential cum office complex at Dooravaninagar in Bangalore.

TTK Prestige reported a growth of 30.02% in its net profit for the quarter ended March 31, 2011 at Rs 16.63 crore as compared to Rs 12.79 crore for the quarter ended March 31, 2010. Net sales/ income from operation increased by 47.66% at Rs 185.20 crore for the quarter under review whereas the same was at Rs 125.42 crore for the corresponding quarter of the previous year.

TTK Prestige, one of the oldest business houses in the country today. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.

TTK Prestige Share Price

494.95 12.70 (2.63%)
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