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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A durables manufacturer stumbled on a large rural demand, thanks to a microfinance company. It could be just the beginning.
Editor's note: When a kitchen equipment maker has been in business for four decades, you would expect them to know every nook and corner of their market. This will be especially true if the equipment in question is commonplace stuff like pans and cookers. On the odd day, you’d forgive the company for not knowing; well, it happens to the best of us. But we are not talking about just any company here; we are talking about TTK Prestige Ltd, the Bengaluru-based, Rs 2,000 crore ($270 million) company which is India’s largest kitchenware manufacturer. So when TTK Prestige in the 2018-19 fiscal year netted a revenue of Rs 140 crore ($18.9 million) from rural markets it had made no particular effort to access, its 71-year old non-executive chairman termed the income as "windfall". A Rs 140 crore windfall. Language enthusiasts would appreciate that in a much simpler time, “windfall” used to be associated with fruits unexpectedly falling from a tree, and hence unexpected good fortune. So, how did TTK manage the windfall? Particularly when the company had no real access to these …
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
