TTL
T T financials
- Market cap
- ₹172 Cr
- Sector
- Textiles
What T T does
T T Limited manufactures knitted innerwear, casualwear and activewear, sold domestically under its own T.T. and HiFlyer brands through distributors and retailers, and via B2C/B2B e-commerce. It also exports garments. Manufacturing is carried out at its Avinashi (Tamil Nadu) mill, with a new garmenting unit built at Howrah, West Bengal to add capacity; the company exited spinning and sold its Gajroula (UP) unit during FY25 as part of a post-COVID restructuring. It runs a dedicated sourcing office in Surat for manmade-fibre fabric to reduce dependence on cotton.
Segments
- Domestic branded apparel
- Garment exports
- Manufacturing units
- Avinashi, Tamil Nadu (existing) and Howrah, West Bengal (new garmenting unit, nearing commercial production)
- Owned brands
- T.T. and HiFlyer
- Branch offices
- Kolkata, Avinashi & Surat
- Dedicated fabric-sourcing office
- Surat (manmade-fibre fabric sourcing hub)
Quarterly results
Q1 FY27: revenue down 3.6%, net profit up 53.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 57 | 62 | 48 | 46 −16% | 41 −28% | 57 −9% | 46 −4% |
| EBITDA | 3 | 3 | 1 | 3 | 2 −35% | 3 +13% | 3 +203% | 3 −6% |
| Net profit | 0 | 1 | -4 | 0 | 0 −63% | -1 −199% | 1 +117% | 1 +53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −37.0% 1Y
1Y: ₹10.57 on 10 Sept 2025 → ₹6.66. High ₹11.23 (17 Sept 2025), low ₹5.74 (11 Aug 2026).
Financials, as filed
Revenue fell 1.9% a year over 3 years, FY23 to FY26. Operating margin widened to 5.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹203 Cr | ₹211 Cr | ₹214 Cr | ₹192 Cr |
| Operating profit | ₹10 Cr | ₹19 Cr | ₹3 Cr | ₹11 Cr |
| Operating margin | 4.8% | 8.8% | 1.3% | 5.6% |
| Interest | ₹17 Cr | ₹16 Cr | ₹10 Cr | ₹8 Cr |
| Depreciation | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹-13 Cr | ₹5 Cr | ₹4 Cr | ₹0 Cr |
| Net margin | -6.2% | 2.2% | 1.9% | 0.2% |
| Cash from operations | ₹24 Cr | ₹25 Cr | ₹0 Cr | ₹-6 Cr |
| Free cash flow | ₹38 Cr | ₹23 Cr | ₹35 Cr | ₹-18 Cr |
| ROCE | 3.0% | 8.0% | 1.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹26 Cr | ₹26 Cr |
| Reserves | ₹47 Cr | ₹58 Cr | ₹46 Cr | ₹50 Cr | ₹100 Cr | ₹99 Cr |
| Borrowings | ₹254 Cr | ₹171 Cr | ₹149 Cr | ₹129 Cr | ₹73 Cr | ₹80 Cr |
| Other liabilities | ₹36 Cr | ₹21 Cr | ₹19 Cr | ₹34 Cr | ₹20 Cr | ₹22 Cr |
| Total liabilities | ₹358 Cr | ₹272 Cr | ₹235 Cr | ₹234 Cr | ₹219 Cr | ₹227 Cr |
| Fixed assets | ₹94 Cr | ₹91 Cr | ₹89 Cr | ₹40 Cr | ₹63 Cr | ₹66 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹264 Cr | ₹181 Cr | ₹146 Cr | ₹192 Cr | ₹157 Cr | ₹161 Cr |
| Total assets | ₹358 Cr | ₹272 Cr | ₹235 Cr | ₹234 Cr | ₹219 Cr | ₹227 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −4.97 pp while the public added +4.95 pp. The shareholder count grew 8% to 21,754.
- Promoters
- 51.1%
- Public
- 48.9%
Since Jun 2025
- Promoters −4.97 pp
- Public +4.95 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 41.3% to 48.9% — +7.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 58.7%, FIIs 0.1%, Public 41.3%.Dec '23: Promoters 58.7%, Public 41.3%.Mar '24: Promoters 58.7%, FIIs 0.0%, Public 41.3%.Jun '24: Promoters 58.7%, Public 41.3%.Sep '24: Promoters 58.7%, FIIs 0.1%, Public 41.2%.Dec '24: Promoters 56.1%, FIIs 0.0%, Public 43.9%.Mar '25: Promoters 56.1%, Public 43.9%.Jun '25: Promoters 56.1%, Public 43.9%.Sep '25: Promoters 49.9%, Public 50.1%.Dec '25: Promoters 50.3%, Public 49.7%.Mar '26: Promoters 51.0%, Public 49.0%.Jun '26: Promoters 51.1%, Public 48.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- T T Brands Ltd. +0.06 pp 34.44% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of T T above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| T T Brands Ltd. | 34.44% | +0.06 pp |
| Jyoti Jain | 7.70% | unchanged |
| Gandhi Tejas Harilal | 5.12% | unchanged |
| Somasundaram B | 4.40% | −0.06 pp |
| Investor Education and Protection Fund (IEPF) | 4.25% | unchanged |
| Hardik Jain | 3.37% | unchanged |
| Muskaan Jain | 3.25% | unchanged |
| Sanjay Kumar Jain | 2.35% | unchanged |
| Prajapati Mahesh Manubhai | 1.34% | unchanged |
| Rikhab Chand Jain | 0.01% | unchanged |
| Amkor Enterprises Private Limited | — | off the list |
| Sahil Arora | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse T T
Guides on how to read this kind of business and the numbers that matter.