💨 Abstract

TTK Prestige, a kitchen appliances maker in India, plans to expand its store count by 30% over four years, hoping that the government's income tax relief will boost consumer spending. Despite a 6.4% drop in profit during the October-December period due to slowing urban consumer spending, the company will target expansion in large towns and smaller ones with growing consumption. The company is increasing its marketing expenditure to capture more consumer spend.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖