Kitchen appliances manufacturer TTK Prestige (NSE:TTKPRESTIG, BOM:517506) plans to invest billion Indian rupees over the next three financial years, beginning in the fourth quarter of 2025.
The investment aims to strengthen the company's core business in cookware and kitchen appliances, according to a filing with the Indian stock exchanges on Tuesday.
The company's board has approved the allocation of these funds, with 2 billion rupees earmarked for operational improvements. The remaining 3 billion rupees has been allocated for capital expenditure.
TTK Prestige anticipates the plan may temporarily impact operating earnings before interest, taxes, depreciation, and amortization margins over the next eight quarters due to initial one-time costs, TTK Prestige said in the filing.
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