Key highlights

The net sales for quarter grew by 17% to Rs 447.83 crore. The net profit has inclined by 33% to Rs 37.20 crore.

Domestic Sales Grew by 18% to Rs 379.33 crore, highest ever Q3 sales. Export dropped from Rs 13.5 crore to Rs 11.26 crore.

For Q2, the cooker segment sales grew by 13% to Rs 153 crore, the cookware segment sales grew by 9% to Rs 85 crore, appliances segment grew by 27% to Rs 202 crore while microwave cookers de-grew by 50% to Rs 2 crore and others by 6% to Rs 15 crore.

There was uniform good performance across products in application segment.

Non-south market is giving good growth to mixer grinder.

Improvement in consumer sentiments was visible in some markets during festival season. However, post festival consumer sentiment was average.

Diwali this year was November; as a result it had a big positive impact in Q3. Launched several new products. Products launched are more national in nature at various price points helping customer to upgrade. All this helped for good growth in Q3.

Softer material cost and improved efficiency helped the bottom line growth.

In some categories, where the company has launched new and expensive models, realization has gone up. In induction, realization is coming down.

In induction category, competition is losing interest.

Deficit in southwest monsoon was impacting the rural demand. Flood in Tamil Nadu was dampener. Loss due to flood in Tamil Nadu is around Rs 20 crore.

The mgmt said that it expects Tamil Nadu to see good demand from April – May onwards.

E-tailing continues to get traction. E-com is going steady. The company's products are available in all major websites. The company has 4 fulfillment centre . E-comm seen significant growth in Q3.

Direct E-com sale is less than 5%. But total E-com sales data is not available.

Non south market registered impressive growth. South market continued to be sluggish. South is grown slightly at lower pace than non south. Increase in income in north region helping growth in non south region. 53% sales were from non- south and 47% from South.

South growth was single digit and non south upwards of 20%,

Export market is yet to takeoff due to sluggish global environment.

The company has cross year target of new 100 SKUs in first 9 months itself.

The count of Prestige Smart Kitchen (PSK) stores was 551across 301 towns at the end of December 2015

The mgmt expects top-line to grow in double digit in FY16

The mgmt expects commodity prices to be stable from here. The margin expansion will come from growth and efficiency.

Capacity utilization across plant is around 60%.

ASP will be around 6.5% of sales.