Financial Performance Summary

Quarterly Results (Q1 FY27 vs Q1 FY26 vs Q4 FY26)

| Particulars (₹ Crores) | Q1 FY27 | Q1 FY26 | Y-o-Y Growth | Q4 FY26 | Q-o-Q Growth |

| Revenue from Operations | 480.6 | 340.1 | 41.3% | 414.5 | 15.9% |

| Gross Profit | 190.4 | 130.4 | 46.0% | 160.2 | 18.8% |

| Gross Profit % | 39.6% | 38.3% | - | 38.6% | - |

| EBITDA | 53.8 | 35.6 | 50.9% | 39.5 | 36.2% |

| EBITDA % | 11.2% | 10.5% | - | 9.5% | - |

| PAT | 17.1 | 10.4 | 63.5% | 6.1 | 181.9% |

| PAT % | 3.5% | 3.1% | - | 1.5% | - |

Product Category Performance (YoY Growth)

  • Induction Cooktops: 315.9% growth
  • Non-stick Cookware: 41.3% growth
  • Cooker: 21.8% growth
  • Small Appliance: -2.2% decline
  • Gas Cooktops: -6.9% decline

Revenue Contribution by Product Categories

  • Pressure cooker & Small appliances: 30% of revenue
  • Cooktop, Hob & Chimney: 20% of revenue

Channel-Wise Performance (Revenue Breakup %)

  • General Trade (GT): 28.6%
  • Modern Trade (MR): 13.0%
  • E-commerce (ECOM): 31.8%
  • Own Retail: 8.7%
  • OEM: 15.3%

Operational Highlights

  • Total units sold: 303,586 units
  • Number of new customers added: 140,482
  • Repeat purchase rate: 15%
  • Retail stores operational: 346 stores across 23 states and 160 cities
  • New stores added in Q1: 17 stores
  • Franchisee model stores: 165 stores
  • Expanded into 9 new cities during the quarter
  • Average sale per store: ₹4.36 Lakhs

Channel Growth Performance

  • General Trade recorded 56.2% growth (highest in last three years)
  • Own Retail business delivered 86.3% growth

Management Commentary

Mr. Rajendra Gandhi, Managing Director, commented on the Q1 performance:

  • Described it as the "strongest-ever first-quarter performance since inception"
  • Noted that Q1 has historically been a seasonally softer quarter for the kitchen appliances industry
  • Highlighted operating environment challenges including global economic uncertainty, geopolitical disruptions, supply chain challenges, commodity price volatility, and currency fluctuations
  • Emphasized benefits of operating and financial leverage
  • Cited broad-based growth across both product categories and distribution channels
  • Mentioned strategic inventory build-up ahead of the festive season
  • Noted improving channel productivity and stronger capital efficiency reflected in higher ROCE and ROE
  • Expressed confidence in sustainability of growth trajectory
  • Highlighted focus on premium and differentiated product offerings
  • Mentioned expansion of COFO retail network and deepening distribution reach

Business Overview

Stove Kraft Limited is:

  • A kitchen solutions and emerging home solutions brand
  • One of the leading brands for home and kitchen appliances in India
  • One of the dominant players for pressure cookers
  • Among the market leaders in free-standing hobs, cooktops and non-stick cookware
  • Manufacturing and retail under Pigeon and Gilma brands (16+ years market presence)
  • Proposing to commence manufacturing under the BLACK + DECKER brand
  • Covering value, semi-premium and premium home and kitchen solutions
  • Has backward integrated manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh)

Safe Harbor Statement

The release contains forward-looking statements subject to risks and uncertainties including industry downtrend, political and economic environment changes, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, and other factors. The company does not undertake any obligation to update forward-looking statements.