Stove Kraft Ltd
NSE:STOVEKRAFT

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Stove Kraft Ltd
NSE:STOVEKRAFT
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Price: 569.4 INR -0.69% Market Closed
Market Cap: 18.9B INR

Stove Kraft Ltd
Investor Relations

Stove Kraft Ltd. engages in the manufacture and trade of kitchen and cookware appliances. The firm is engaged in the manufacture and retail of a suite of kitchen and home solutions under the brand name Pigeon and Gilma. The company operates through the Kitchen and Home Appliances segment. The company also retails kitchen and home solutions under the BLACK+DECKER brand. The company is engaged primarily in the business of manufacture of pressure cookers, liquefied petroleum gas (LPG) stoves, non-stick cookware, and trading of other kitchen and electrical appliances. Its kitchen solutions consist of cookware, cooking and home appliances across its brands, and its home solutions consist of various household utilities, including consumer lighting. The company provides post-sales services in relation to, a range of products, such as blenders and juicers, breakfast appliances, small cooking appliances and small domestic appliances. The firm's Gilma brand products are sold through branded outlets owned and operated by franchisees.

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STOVEKRAFT
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 4, 2025
AI Summary
Q2 2026

Revenue Growth: Stove Kraft delivered double-digit revenue growth of 13.4% year-on-year for Q2, reaching INR 474.4 crores, and 11.2% year-on-year for H1.

Margin Expansion: Gross margin was stable at 38.5% for the quarter, with EBITDA margin improving to 12%. Management expects further margin improvement in H2.

PAT & Returns: Profit after tax grew 27.8% YoY in Q2, with sequentially improving ROE and ROCE.

Retail Expansion: The company reached 300+ stand-alone stores and aims for 500 by 2027, with a focus on North and West India.

GST Benefit: GST cut from 12% to 5% for 35% of the portfolio (mainly cookware and pressure cookers) is expected to drive future volume growth, though Q2 saw some disruption.

Export Business: Exports grew 25% in Q2 and 19% in H1, with over 75% of export revenue from the U.S. IKEA partnership to begin meaningful revenue next year; tariff uncertainty may impact short-term export growth.

Debt Reduction: Borrowing reduced significantly during the quarter, and management targets becoming debt-free within 4 quarters.

Guidance: Management expects gross margin to approach 39% for the year and EBITDA margin to improve by 1 percentage point in FY '26.

Key Financials
Revenue
INR 474.4 crores
Revenue (H1)
INR 814.5 crores
Gross Profit
INR 182.8 crores
Gross Margin
38.5%
EBITDA
INR 56.8 crores
EBITDA Margin
12%
Profit After Tax
INR 21.4 crores (Q2)
PAT Margin
4.5%
ROCE
15.5%
ROE
10.1%
Operating Cash Flow (H1)
INR 177 crores
Export Revenue (H1)
INR 120 crores
Store Count
301 stores
Average Monthly Store Revenue
INR 3.81 lakhs
Borrowings
INR 180 crores
Other Earnings Calls

Management

Mr. Rajendra J. Gandhi
MD & Executive Director
No Bio Available
Mr. Ramakrishna Pendyala
Chief Financial Officer
No Bio Available
Ms. Neha Gandhi
CTO & Executive Director
No Bio Available
Mr. Shrinivas P. Harapanahalli
Company Secretary & Compliance Officer
No Bio Available
Mr. Rohit Mago
Chief Revenue Officer
No Bio Available
Mr. Mayank Gupta
Chief Growth Officer
No Bio Available

Contacts

Address
KARNATAKA
81/1, Medamarana Halli Village,, Harohalli Hobli, Kanakapura Taluk,, Ramanagara Dist
Contacts