Household Appliances company Stove Kraft announced Q1FY26 results Revenues: Rs 340.1 crore compared to Rs 314.5 crore during Q1FY25, change 8.2%. EBITDA: Rs 35.6 crore compared to Rs 31.7 crore during Q1FY25, change 12.5%. EBITDA Margin: 10.5% for Q1FY26. PAT: Rs 10.4 crore compared to Rs 8.2 crore during Q1FY25, change 27.2%. PAT Margin: 3.1% for Q1FY26. Rajendra Gandhi, Managing Director, said: “Stove kraft Limited delivered a strong performance in Q1FY26, with revenue of INR 340.1 crore. growing by 8.2% YoY, subsequently improving PAT by 27.2% YoY, reflecting enhanced operational leverage and cost efficiency. The Company expects further margin expansion in the coming quarters as operational leverage gains momentum. Exports for the quarter grew 14% YoY, now contributing 20% to total revenues, despite recent geo-political and trade disruptions. With 281 operational stores, Retail revenue has started contributing overall margin expansion and improvement in profitability of the company. Aligned with our strategy of driving diversification, ensuring sustainable growth, and enhancing brand presence across key markets, We are focused on reducing regional concentration and accelerating retail expansion in Northern and Western India. On the product front, the Company has commenced in-house manufacturing chimneys, targeting a high-potential, underpenetrated segment. Increased production of new backward-integrated kettles and cast-iron cookware has further supported margin gains. Development is also underway for outdoor cooking products and bakeware to cater to export demand. Additionally, during the quarter we also initiated “Balancing Gender Roles at Home” campaign under Pigeon Appliances which has received strong consumer response, reinforcing emotional brand connect.” Result PDF
Household Appliances company Stove Kraft announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenues: Rs 313.0 crore vs Rs 325.2 crore down 3.8% Gross Profit: Rs 120.8 crore vs Rs 120.7 crore up 0.1% Gross Profit %: 38.6% vs 37.1% up 150 bps EBITDA: Rs 29.5 crore vs Rs 24.8 crore up 18.8% EBITDA %: 9.4% vs 7.6% up 180 bps PAT: Rs 1.5 crore vs Rs 2.7 crore down 45.5% PAT %: 0.5% vs 0.8% down 30 bps FY25 Financial Highlights: Revenues: Rs 1,449.8 crore vs Rs 1,364.3 crore up 6.3% Gross Profit: Rs 552.5 crore vs Rs 504.0 crore up 9.6% Gross Profit %: 38.1% vs 36.9% up 120 bps EBITDA: Rs 150.7 crore vs Rs 118.8 crore up 26.8% EBITDA %: 10.4% vs 8.7% up 170 bps PAT: Rs 38.5 crore vs Rs 34.1 crore up 12.8% PAT %: 2.7% vs 2.5% up 20 bps Commenting on Q4 performance Rajendra Gandhi (Managing Director) said, “We are pleased to report a healthy performance for FY25, with revenues reaching Rs 1,449.8 crore, a 6.3% growth over FY24. .This performance was underpinned by our strategic focus on improving profitability. Through disciplined execution and cost optimization, we achieved gross margins of 38% for the full year. Our EBITDA margin also saw a healthy improvement, expanding to 10.4% in FY25, which came with its share of challenges, marked by high inflation, subdued consumer sentiment, and softer discretionary spending, This year marked several strategic milestones. Our partnership with IKEA to supply cookware for their global stores reflects our manufacturing excellence and international ambitions. We continued to scale our retail presence by transitioning from the COCO to franchisee model, expanding our Pigeon EBOs to 262 stores across 91 cities in 20 states. We also operationalized a state-of-the-art cast iron foundry and made a successful entry into the grooming segment. Innovation remains core to our growth. We launched energy-efficient BLDC fans, a 5-in-1 hair dryer, mini rechargeable fans, and trimmers — reinforcing our commitment to convenience, sustainability, and category expansion. As the macro-outlook improves, with easing inflation and a positive rural demand trend, we remain optimistic about the future and are well-positioned to capture emerging growth opportunities across channels, including e-commerce and quick commerce.” Result PDF
Household Appliances company Stove Kraft announced Q3FY25 results Revenues: Rs 404.1 crore compared to Rs 361.6 crore during Q3FY24, change 11.7%. Gross Profit: Rs 151.7 crore compared to Rs 139.2 crore during Q3FY24, change 9.0% Gross Profit margin: 37.6% for Q3FY25. EBITDA: Rs 40.5 crore compared to Rs 30.1 crore during Q3FY24, change 34.7%. EBITDA margin: 10.0% for Q3FY25. PAT: Rs 12.1 crore compared to Rs 6.8 crore during Q3FY24, change 79.7%. PAT margin: 3% for Q3FY25. Rajendra Gandhi (Managing Director) said: “We are pleased to report a strong third-quarter performance, with revenue growing 11.7% YoY and profitability surging 80%, driven by improved operational efficiencies. A key milestone this quarter was our strategic partnership with IKEA to develop and supply cookware globally from FY26. To support this, we are setting up a dedicated 180,000 sq. ft. manufacturing facility at our Harohalli campus in Karnataka, enhancing production capabilities and aligning with global best practices. Additionally, our cast iron foundry, commissioned in November, is now fully commercialized with an installed capacity of 2.2 million pieces per annum, scalable to 4.4 million pieces in the future. Expanding beyond our traditional categories, we launched a new personal care product line, including hair dryers and trimmers, available through e-commerce platforms from January 2025. Furthermore, our Pigeon Air Fryer received CSD approval, reaffirming the high quality of our in-house manufacturing. These strategic advancements position us well for sustained growth and market expansion.” Result PDF
Houseware company Stove Kraft announced Q2FY25 results Revenue from Operations Rs 418.3 crore, change 10.1%. Gross Profit Rs 159.8 crore, change 19.1% EBITDA Rs 49.0 crore, change 22,7%. PAT Rs 16.7 crore, change 1.2%. Rajendra Gandhi (Managing Director) said: “We are pleased to announce another quarter of strong revenue and profitability growth on both a yearly and quarterly basis. With positive market momentum supporting us, we remain committed to driving volume and value growth in revenue and margins in the upcoming quarters. Our expansion of Pigeon outlets through the COCO and COFO model has been promising; this quarter, we added 22 new stores, bringing our total to 213. Additionally, we focused on improving operational efficiency, successfully reducing our working capital days to 44.” Result PDF