'TTK Prestige hosted a conference call on Nov 10, 2020. In the conference call the company was represented by T T Jaganathan, Chairman; Chandru Kalro, MD; K Shankaran, WTD; and R Saranyan, CFO.
Key takeaways of the call
Performance for Q2FY21 was negatively impacted by both lockdown in the initial part of the quarter in some geographies especially in the West as well as Stock availability (of some key SKUs) right through with constraint at supply chain. Manufacturing operations stabilised towards the end of the quarter and hence there was a large reduction in inventory before the festive season; component supplies were sluggish as vendors had lockdown/immigrant labour impact. Hit by supply constraint the company could not capitalize on the increased demand in Q2FY21.
Revenue in July was lower YoY owing to high base as the sales promotion activity for this fiscal has been delayed by two months. Usually the sales promotion activity will commence in April/May and the...
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