Stove Kraft Aims for 500 Exclusive Stores by 2027, Expanding Retail Footprint

Stove Kraft Limited , a leading kitchen and home appliances company in India, has announced plans to expand its retail presence, targeting 500 exclusive stores by April 2027. The company, known for popular brands such as Pigeon, Gilma, and BLACK+DECKER, recently crossed a significant milestone of 300 standalone Pigeon business exclusive outlets.

Retail Expansion Strategy

Stove Kraft's expansion plan focuses on increasing its presence across India, with a particular emphasis on North and West India. The company is targeting states like Uttar Pradesh, Maharashtra, Madhya Pradesh, and Bihar for its next phase of growth. This strategic move aims to make Stove Kraft's products more accessible to a wider customer base.

Key Highlights of the Expansion Plan

Aspect	Details
Target	500 exclusive stores by April 2027
Current Milestone	Over 300 standalone Pigeon business exclusive outlets
Focus Areas	North and West India (UP, Maharashtra, MP, Bihar)
Expected Revenue Contribution	15-20% from standalone stores over next two years
Expansion Model	Franchise-based with rent-sharing arrangements
Support for Franchisees	Site identification, marketing, staff training, legal agreements, operational guidance

Financial Performance and Growth Projections

Stove Kraft's expansion plans are backed by financial performance:

Metric	Value
Q1 2025 Revenue Growth	8.2% (to ₹340.00 crores)
Expected Annual Growth	15% year-on-year over next 3 years
Current Annual Turnover	Exceeding ₹1,450.00 crores

Market Outlook

The Indian retail market is projected to expand from USD 1.06 trillion in 2024 to USD 1.93 trillion by 2030, growing at a CAGR of 10%. This growth is driven by increasing domestic consumption, digital adoption, and the rapid expansion of e-commerce.

Company Overview

Stove Kraft Limited, founded by Mr. Rajendra J Gandhi, has established a strong presence in the kitchen and home appliances sector:

Aspect	Details
Product Portfolio	Over 1,000 products across Pigeon, Gilma, and BLACK+DECKER brands
Distribution Network	600 distributors, 125,000+ retail touchpoints
Exclusive Outlets	300 Pigeon stores, 40 GILMA stores
Global Presence	10+ countries including USA, Mexico, UK, Middle East, and Africa
Manufacturing Facilities	Largest kitchen appliances facility in Harohalli Industrial Area (near Bengaluru), Second unit in Baddi, Himachal Pradesh

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.13%	+4.47%	+1.33%	+9.15%	-18.19%	+61.64%

Stove Kraft , a prominent player in the kitchen appliances industry, has revealed that a significant portion of its product portfolio could benefit from potential changes in Goods and Services Tax (GST) regulations. The company disclosed that approximately 35% of its product range is positioned to potentially gain from modifications in the tax structure.

Potential Impact on Business Segments

The announcement suggests that Stove Kraft is strategically aligned to capitalize on possible alterations in the GST framework. While specific details about the nature of these potential changes remain undisclosed, the company's statement indicates a proactive approach to navigating the evolving tax landscape.

Product Portfolio Readiness

With over a third of its product lineup potentially benefiting from GST modifications, Stove Kraft demonstrates a diverse product range that could adapt well to regulatory changes. This positioning might provide the company with a competitive edge in the market, depending on the nature and extent of any GST revisions.

Implications for Stakeholders

Investors and industry observers will likely keep a close watch on developments related to GST regulations and their potential impact on Stove Kraft's business operations. The company's preparedness for these possible changes could be seen as a positive indicator of its market adaptability and strategic planning.

While the exact implications of the potential GST modifications remain to be seen, Stove Kraft's announcement suggests confidence in its ability to navigate and potentially benefit from regulatory changes in the Indian market.