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Operating at 85-90% capacity; have Rs 600 crore of cash on books, says TTK Prestige’s Jagannathan

Updated : March 09, 2021 10:31 AM IST

We are currently operating at 85-90 percent of capacity, said TT Jagannathan, chairman of TTK Prestige, on Tuesday. The company has doubled its export market from last year and will double it next year too, he added.

“We are currently operating at 85-90 percent capacity and we are planning heavy capex. We are taking up our non-stick cookware production from 6 million to 12 million and pressure cooker production from 5 million to 9 million pieces. We are sitting at about Rs 600 crore of cash,” Jagannathan told CNBC-TV18.

On demand, he said, “The situation is very buoyant across product lines, across regions. In fact, both premium and mass segments are doing well. Therefore, demand environment remains healthy.”

We have increased prices by 5 percent as metal prices have increased, said Jagannathan.

On the export market, he said, “It’s booming; we have doubled from last year and we will double again next year.”

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