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

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.

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.