Stove Kraft Limited , a leading player in the Indian kitchen appliances market, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating resilience and growth across key metrics.

Revenue and Profitability Surge

The company reported a consolidated revenue of ₹474.40 crore for Q2 FY26, marking a significant year-on-year growth of 13.4% compared to ₹418.30 crore in Q2 FY25. This robust performance was driven by improved consumer demand and strong momentum during the festive season.

Stove Kraft's profitability also saw substantial improvements:

The company maintained a healthy gross margin of 38.5%, aligning with its full-year target. This consistent performance has contributed to sequential improvements in return ratios.

Product Category Performance

Stove Kraft witnessed growth across various product categories:

Notably, pressure cookers, cooktops, chimneys, and hobs collectively contributed to 50% of the company's revenue.

Retail Expansion and Customer Acquisition

Stove Kraft continued its retail expansion strategy:

• 296 stores operational across 21 states and 120 cities
• Added 16 new stores in Q2, with 23 under the franchisee model
• Average sales per store reached ₹3.81 lakh per month
• 257,566 new customers added, with an 18% repeat purchase rate

Future Outlook

The company may benefit from recent GST rate rationalization. The reduction from 12% to 5% on key categories such as pressure cookers, non-stick cookware, and 9W light bulbs is expected to boost volume growth in coming quarters. Approximately 35% of Stove Kraft's portfolio may benefit from this reduction, potentially providing both immediate and long-term structural advantages.

Rajendra Gandhi, Managing Director of Stove Kraft Limited, commented on the results: "We are pleased with our performance this quarter, which reflects the strength of our brand and our ability to meet evolving consumer needs. The recent GST changes are expected to further catalyze our growth, and we are excited about the opportunities ahead."

Looking forward, Stove Kraft has announced plans to expand its Pigeon exclusive brand outlets (EBOs) from the current 300 stores to 500 stores by FY27, aiming to leverage the positive momentum in the market.

As Stove Kraft continues to innovate and expand its presence in the Indian kitchen appliances market, investors and industry observers will be watching closely to see how the company capitalizes on these opportunities and navigates the evolving consumer landscape.

Stove Kraft Limited , a leading kitchen appliances manufacturer, has announced its financial results for the second quarter, showcasing robust growth across key financial metrics.

Revenue and Profitability

The company reported a significant increase in its quarterly revenue, which rose to Rs 4,744.20 million, marking a 12.7% growth compared to Rs 4,183.09 million in the same quarter of the previous year. This growth demonstrates Stove Kraft's strong market position and increasing demand for its products.

Stove Kraft's profitability also saw notable improvement:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 14.9% year-on-year, reaching Rs 533.00 million. The EBITDA margin also improved from 11.09% to 11.25%, indicating enhanced operational efficiency.

Net profit for the quarter saw a substantial rise of 27.8%, amounting to Rs 213.61 million, up from Rs 167.17 million in the corresponding quarter of the previous year. This growth in profitability outpaced the revenue growth, suggesting effective cost management and improved operational performance.

Financial Position and Cash Flow

As of the end of the quarter, Stove Kraft maintained a strong balance sheet with total assets of Rs 11,428.22 million. The company's cash and cash equivalents stood at Rs 29.46 million, ensuring adequate liquidity for its operations.

For the half-year, Stove Kraft generated a robust net cash flow of Rs 1,074.08 million from operating activities, reflecting its strong operational performance and efficient working capital management.

Conclusion

Stove Kraft's Q2 results demonstrate the company's ability to drive growth and improve profitability in a competitive market environment. The significant increases in revenue, EBITDA, and net profit highlight the effectiveness of the company's business strategies and operational execution.

Investors and market observers may be watching Stove Kraft's performance closely in the coming quarters to see if this growth trajectory can be maintained amidst evolving market conditions and consumer preferences in the kitchen appliances sector.