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August 04, 2026 National Stock Exchange BSE Limited “Exchange Plaza”, C-1, Block G, 27th Floor, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : TTKPRESTIG Scrip Code : 517506 Dear Sir, Sub: Chairman’s Speech Please find enclosed a copy of the Chairman’s speech delivered today at the 70th Annual General Meeting of our company. This is for your information and records. Thanking you, Yours faithfully, For TTK Prestige Limited, Manjula K V Company Secretary & Compliance Officer TTK Prestige Limited Chairman’s Speech @ AGM: 4th August 2026 Good morning once again I have great pleasure in welcoming you all to the 70th Annual General Meeting of your Company. At the outset, I would like to place on record, on behalf of all the stakeholders, our profound respect and heartfelt gratitude for Mr. T.T. Jagannathan, Chairman Emeritus, who passed away on October 9, 2025. Through his visionary leadership, unwavering commitment, and exemplary stewardship, he transformed the Company into a market leader and a billion-dollar enterprise. His remarkable contributions laid the foundation for the Company's sustained growth and enduring success. On behalf of all the stakeholders, I pay tribute to his lasting legacy and express our deepest gratitude for the values, vision, and inspiration he left behind for the organization. His memory will continue to guide and inspire us for generations to come. GENERAL ECONOMIC CLIMATE: FY 2025-26 witnessed a moderately improving global economic environment, with easing inflation and cautious policy support helping stabilize growth across key markets. While advanced economies experienced slower expansion amid tight financial conditions and structural headwinds, emerging economies remained relatively resilient, supported by strong domestic demand and continued investment activity. At the same time, geopolitical uncertainties, trade-related challenges, and fragile supply chains continued to influence business and investment decisions. Against this backdrop, resilience, prudent financial management, and strategic adaptability remained critical for sustainable growth and long-term value creation. India continued to demonstrate resilience during FY 2025-26 despite global uncertainties. Growth was supported by strong domestic demand, sustained government investment in infrastructure, and a gradual recovery in private sector investment, creating a favourable environment for business growth. While businesses faced challenges from cost pressures, supply chain disruptions, and a cautious investment climate, stable inflation, strong services exports, healthy remittance inflows, and supportive policy measures helped the economy maintain its growth momentum and long-term growth prospects. INDUSTRY OVERVIEW The Kitchenware and Kitchen Appliances industry witnessed steady growth during FY 2025- 26, supported by resilient domestic demand, increasing urbanisation, and evolving Page 1 of 5 TTK Prestige Limited Chairman’s Speech @ AGM: 4th August 2026 consumer preferences. Demand remained healthy across key categories, driven by replacement purchases, rising disposable incomes, expanding retail penetration, and growing adoption of modern kitchens. Consumers increasingly preferred branded, innovative, energy-efficient, and premium products, while continuing to seek value in price- sensitive segments. The fuel crisis triggered by West Asian conflict is also catapulting the demand for energy-efficient options in the kitchen segment. The industry also experienced a continued shift towards an omni-channel model, with traditional trade, modern retail, e-commerce, and quick-commerce all contributing to growth. Companies with strong brands, broad distribution networks, and effective digital engagement were better positioned to capitalise on changing consumer buying patterns and the growing focus on convenience, quality, and after-sales service. While the sector faced challenges from competitive intensity, input cost fluctuations, higher freight costs, and geopolitical uncertainties affecting global trade and exports, overall demand remained stable. The industry's ability to adapt through innovation, efficient sourcing, local manufacturing initiatives, and prudent cost management supported its continued growth and resilience during the year. Operating across a broad range of kitchenware and kitchen appliance categories, your Company has continued to reinforce its market leadership through trusted brands, innovative offerings, and a strong connection with consumers. Our focus on quality, innovation, and customer satisfaction has enabled us to remain competitive in a dynamic marketplace. FINANCIAL YEAR 2025-26: The Annual Report for FY 2025-26, covering both standalone and consolidated financial statements, has been circulated to the Members. It includes the performance of our subsidiaries, Horwood Homewares Limited, UK, and Ultrafresh Modular Solutions Limited, India. The Directors' Report provides a comprehensive overview of the Company's operational and financial performance, strategic initiatives, and future growth outlook. Against the above macroeconomic backdrop and industry challenges, I am pleased to report that your Company delivered a commendable performance in FY 2025-26, demonstrating resilience, adaptability, and sustained focus on growth.  Total Revenue stood at ₹2,773 Crores, a significant growth of 9.6% over the previous year.  Domestic sales rose to ₹2,704 Crores, up by 9.8%, and the growth was witnessed across product categories and key distribution channels, marking a clear recovery from the subdued growth phase experienced over the past few years Page 2 of 5 TTK Prestige Limited Chairman’s Speech @ AGM: 4th August 2026  Our flagship ‘Prestige’ brand continued to strengthen its leadership position, while the repositioned ‘Judge’ brand delivered an impressive growth of around 59% year-on-year, significantly expanding its market presence and consumer reach.  Innovation remained a key focus area during the year, with your Company introducing 162 new SKUs across categories, further enhancing consumer choice, and strengthening our market presence. While exports faced headwinds from changing global trade policies and geopolitical developments, the Company recorded export sales of ₹68.2 Crores, reflecting a modest growth of 2.6% during the year. The ongoing West Asia crisis impacted exports, with some orders remaining unfulfilled because of shipping route disruptions. As part of our long-term growth strategy, your Company continues to invest in strengthening its core businesses through focused initiatives in innovation, product development, manufacturing excellence, sourcing efficiencies, digitization, cost optimization, and enhanced customer engagement. During the year, significant progress was made in building future-ready capabilities, including strengthening innovation teams, establishing a dedicated Innovation Lab, and improving operational efficiencies across the value chain. During the year 2025-26 your Company had spent around Rs 82.6 Crores (PY Rs 29.8 Crores) on strategic operational expenses. This three-year strategic investment program is aimed at driving sustainable growth, enhancing operational efficiency, and creating long-term value for stakeholders. While these initiatives involve certain upfront investments that may temporarily impact margins, we have already started witnessing encouraging benefits, with stronger outcomes expected as the initiatives mature and scale. During the year, the Company incurred exceptional expenses of ₹26.9 Crores, mainly on account of a Voluntary Retirement Scheme at the Hosur factory and higher employee benefit provisions arising from regulatory changes. In the previous year, exceptional expenses of ₹32.3 Crores were recorded towards impairment of the Company's investment in Horwood Homewares Limited, UK. The Company’ [Showing first 8,000 characters — download PDF for full document]