The kitchen ware industry had been doing quite well these days, which is the reason why kitchen appliances maker TTK Prestige Ltd had posted a net profit of Rs 31 crore in Q1 of the current fiscal. Compared to their revenue last year of the same quarter this new value is 21 per cent higher.
There are a lot of implications for this growth. First, this just shows that the company is doing great when it comes to offering people with the kind of product that they really need. People today usually do not satisfy their wants especially with the sluggish economy that India has these days.
What they need are products that could really be useful to them like kitchen wares. All households would surely need some kitchen wares especially now that more and more people are choosing to cook foods at home rather than buying or having meals on restaurants.