Strong demand for induction cooktops and premium cookware lifts earnings, even as export revenue declines due to shipping disruptions in the Strait of Hormuz
Kitchen appliances and cookware maker TTK Prestige’s shares surged as much as 11 per cent on 28 July after the company reported more than a two-fold increase in first-quarter profit, driven by robust domestic demand for induction cooktops and premium cookware. For the quarter ended 30 June 2026, TTK Prestige posted a consolidated net profit of Rs 60 crore, compared with Rs 27 crore in the corresponding period last year.
Revenue from operations increased nearly 34 per cent year-on-year to Rs 814 crore, reflecting strong demand across key product categories. The company’s total expenses rose 28.1 per cent to Rs 735 crore, primarily due to higher inventory purchases.
“The kitchenware segment delivered stable-to-healthy growth during this quarter, supported by the increasing adoption of induction cooking, ongoing premiumization trends in cookware, and resilient urban consumer demand. Demand remained encouraging across retail, distribution, and e-commerce channels, reflecting consumers’ growing preference for modern kitchen solutions, premium cookware, and induction-compatible products,” said the company in a stock exchange filing.
Cookware, Cookers Drive Growth
On a standalone basis, cookware sales rose 41 per cent year-on-year to Rs 138 crore, while sales from pressure cookers increased nearly 29 per cent to Rs 233 crore. The company attributed the quarter’s performance to sustained consumer demand for induction cooktops, along with induction-compatible pressure cookers and cookware.
Analysts have linked the trend to changing consumer preferences following disruptions in India’s cooking gas supply chain. In a June note, Elara Capital said the supply disruptions may have accelerated a structural shift towards induction cooking, with multiple industry players reporting sustained demand for induction-based appliances.
Despite strong domestic performance, export revenue declined nearly 18 per cent year-on-year to Rs 13 crore. The company said shipping disruptions in the Strait of Hormuz adversely affected its export business during the quarter.
