TTK Prestige

India's LPG prices have surged due to supply disruptions linked to Middle East tensions, impacting restaurants and increasing demand for induction cooktops. Stocks of kitchen appliance companies have risen sharply, while the broader stock market fell over 2% amid ongoing global crisis.

LPG disruptions amid the West Asia conflict boost interest in induction cooktops, but sales account for a small slice of revenue for TTK Prestige, Stovekraft and Butterfly Gandhimathi.

TTK Prestige shares have surged nearly 29.77% over three days due to increased demand for induction cooktops amid an LPG shortage. Daily sales of these cookers rose from 40-45 to 120-130 units, benefiting the company and potentially others in the electric appliance market.

Shares of TTK Prestige, Gandhi Mathi Appliances, and Stovecraft rose by up to 15% due to LPG shortages in cities like Mumbai and Bengaluru, boosting demand for induction stoves. Market analysts believe consumers may shift to electric appliances, positively impacting these companies.

Sumeet Bagadia recommends five breakout stocks to buy today: Remsons Industries, Anand Rathi Share and Stock Brokers, Sai Life Sciences, TTK Prestige, and Kirloskar Oil Engines.

Kitchenware appliances manufacturer TTK Prestige reported 22 per cent rise in its net profit to ₹ 63.20 crore for the quarter ending on September 30, 2025, as compared to ₹ 52.25 same period a year ago.

Rival kitchen brand Butterfly paid tribute to TT Jagannathan, calling him a ‘mind that shaped industry.’ Jagannathan, who transformed TTK Prestige, passed away at 77, leaving a lasting legacy in Indian kitchens.

Recent strategic investments are aimed at achieving double-digit revenue growth and restoring margin to the mid-teens, but the transition could be painful.