TT Ltd Declares 5% Dividend After 3 Years; Posts Rs 215.86 Cr Turnover In FY25
TT Ltd has announced a 5% dividend for FY2024-25, marking its first shareholder payout in three years. The decision was made during the company’s board meeting held on May 21, 2025.
The company reported a turnover of Rs 215.86 crore and a profit before tax (PBT) of Rs 10.09 crore. Net profit stood at Rs 3.75 crore, impacted by a non-cash deferred tax provision of Rs 5.04 crore in Q4.
Despite the sale of its Gajroula spinning unit—which temporarily disrupted Q1 operations—TT Ltd maintained consistent growth through the year. Quarterly turnover grew from Rs 41.13 crore in Q1 to Rs 63.43 crore in Q4, aided by improved supply chain management and strategic restructuring.
Key milestones achieved in FY25 include the near-completion of its new garmenting unit in Howrah, West Bengal, which is slated to begin operations in Q2. The company also signed Bollywood actor Rajkummar Rao as brand ambassador for T.T., marking a bold branding move to strengthen its innerwear and casualwear portfolio.
The company’s restructuring phase—focused on exiting spinning and reducing debt—was completed with the sale of the Gajroula unit. This helped lower debt from Rs 129 crore to Rs 89 crore. The management also highlighted its strategic shift towards cotton-blended and MMF-based garments to counter cotton price volatility and align with evolving consumer demand.
Looking ahead, TT Ltd plans to begin commercial production at its Howrah unit by July 2025, upgrade its Avinashi unit in Tamil Nadu, raise capital through a Q2 rights issue for working capital and brand investments and expand sourcing from Surat for MMF-based fabrics.
The company expressed optimism over growing export opportunities driven by the recently signed UK FTA, potential U.S. tariff advantages and global buyers diversifying sourcing beyond Bangladesh and China.
TT Ltd aims to penetrate weaker domestic markets via e-commerce channels and strengthen brand visibility in key markets through targeted advertising and social media outreach.
“After facing multiple challenges over the past few years, we are seeing stronger traction in our casual and active wear categories. With a leaner, less volatile business model and new capacity coming online, we are on a path of consistent, sustainable growth,” said Sanjay Kumar Jain, Managing Director, TT Ltd.
