Houseware company Stove Kraft announced Q1FY25 results: Revenue from Operations: Rs 314.5 crore, up by 5.6 % YoY Gross Profit Rs 120.1 crore, 9.4 % YoY EBITDA: Rs 31.7 crore, 32.1 % YoY PAT: Rs 8.2 crore, 0.04 % YoY Commenting on Q1 Results Rajendra Gandhi (Managing Director) said, I am pleased to announce that our company continues its growth trajectory, propelled by operational optimization, efficient manufacturing processes, and backward integration of market-tested and approved products. Consumption growth, which remained subdued until fiscal 2024, is expected to accelerate this fiscal year. This anticipated growth is supported by improved agricultural incomes, a projected decrease in inflation, and increased government funding for rural-focused schemes. To maximize the benefits from these structural shifts, we have continued our aggressive store expansion strategy, increasing our total retail store count to 191 stores across 11 states and 49 cities. Notably in the current quarter, we have also made meaningful inroads into the Delhi NCR region, expanding our operations beyond the southern states. As we move ahead in 2025, we remain committed to continue our growth trajectory by bringing valued products of topnotch quality under our brand Pigeon to our customers. Result PDF
Houseware company Stove Kraft announced Q4FY24 results: Revenue from Operations: Rs 325.2 crore, +17.0 % YoY Gross Profit: Rs 120.7 crore, +35.0 % YoY EBITDA: Rs 24.8 crore, +320.6 % YoY PAT: Rs 2.7 crore, (Compared to -6.0 Cr in Q4FY23) Commenting on Q4 Results, Rajendra Gandhi (Managing Director) said, Revenues for 4th quarter stood at Rs 325.2 Crs with gross margin of 37.1% thus registering a growth of 17% in revenue on a YoY basis. Our gross margins have improved significantly over the past year aided by optimization of operations, efficientmanufacturing process and backward integration of market tested and accepted products. During the quarter company also launched its cast iron cookware range tailored for the Indian kitchen called‘imperi’ under itsflagship brand Pigeon along with other state of the art products. These products are combination of traditional culture andmodern elements to enhance their usability and functionality. Looking back at our foray into company owned retail stores wehave successfully added 117 stores in FY24, which is almost 2/3rd of our total store count. This shows our commitment towardsexpanding our product reach to customers and improving our brand presence. As we move ahead in 2024, we remain committed to continue our growth trajectory by bringing valued products to ourcustomers. The Board has recommended maiden dividend of Rs 2.50 per share. Result PDF