Stove Kraft Aims for 500 Stores by 2027, Announces Margin Improvement Plans Amid Leadership Change

Stove Kraft Limited , a prominent player in the Indian kitchen appliances market, has unveiled ambitious growth plans while also facing a leadership transition. The company has set its sights on significant retail expansion and margin improvements, even as it navigates changes in its top management.

Expansion and Financial Targets

Stove Kraft has announced a series of strategic objectives aimed at boosting its market presence and financial performance:

Target	Details
Retail Expansion	500 stores by 2027
Revenue Target from Retail	INR 300.00 crores
EBITDA Margin Improvement	1% increase over the previous year
Gross Margin Goal (H2 FY26)	Around 39%
Near-term Gross Margin Aspiration	40%

The company expects its revenue for the second half of FY26 to be close to the first half levels, with a potential variation of INR 25.00-30.00 crores.

Leadership Change

In a separate development, Stove Kraft has announced a significant change in its leadership team:

Position	Name	Change	Effective Date
Chief Revenue Officer	Mr. Rohit Mago	Resignation	November 5, 2025

Mr. Mago has tendered his resignation citing personal reasons and will be relieved from his duties at the close of business hours on November 5, 2025. This change in the senior management comes at a crucial time as the company pursues its growth strategy.

Market Implications

The combination of expansion plans and a key leadership change presents both opportunities and challenges for Stove Kraft. The company's focus on improving margins and expanding its retail footprint suggests a push for growth. However, the departure of the Chief Revenue Officer could potentially impact the execution of these plans in the short term.

Investors and market watchers may keep a close eye on how Stove Kraft manages this transition and whether it affects the company's ability to meet its stated financial and operational targets. The success of the retail expansion strategy and the company's ability to improve margins as projected will be critical factors in determining Stove Kraft's performance in the coming years.

As the Indian kitchen appliances market continues to evolve, Stove Kraft's strategic moves and ability to navigate leadership changes may play a crucial role in shaping its position in the competitive landscape.

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Stove Kraft Limited, a prominent player in the kitchen appliances sector, has announced a significant change in its senior management. Rohit Mago, the company's Chief Revenue Officer (CRO), has tendered his resignation, citing personal reasons. This development was disclosed by the company in a formal communication to the stock exchanges.

Key Details of the Resignation

Aspect	Details
Resigning Executive	Rohit Mago
Position	Chief Revenue Officer
Effective Date	November 5, 2025
Reason for Departure	Personal reasons
Tenure	7 years in various roles

Company's Disclosure

Stove Kraft Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has formally notified the stock exchanges about this change in senior management personnel.

Mago's Contribution

During his tenure, Rohit Mago served Stove Kraft for seven years, contributing to the company's growth in different capacities. In his resignation letter, Mago expressed gratitude for his experience at Stove Kraft and indicated his willingness to support the organization in the future if needed.

Impact and Transition

The company has not yet announced a successor for the CRO position. Stakeholders and investors will be keen to observe how this change might influence Stove Kraft's revenue strategies and overall business performance in the coming quarters.

This resignation marks a significant change in Stove Kraft's leadership team.