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.

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

Financial Performance and Growth Projections

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

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: