Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results

Date of Board Meeting / Approval: November 4, 2026 (Meeting time: 1:15 PM to 2:05 PM)

Audit Opinion: Unmodified Review Report (Clean)

Auditor's Comment: Emphasis of Matter regarding income tax search operations in November 2023 and subsequent assessment proceedings, but management believes no material adverse impact

Key Financial Highlights [Amount in Rupees Millions]

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹5,846.66 (Q2 FY26: ₹4,744.20 | +23.2% YoY)
  • Total Income: ₹5,822.43
  • Net Profit: ₹291.56 (Q2 FY26: ₹213.61 | +36.5% YoY)
  • EPS: ₹8.81 (Basic) / ₹8.80 (Diluted)

Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹4,805.83
  • Total Income: ₹4,801.52
  • Net Profit: ₹170.56
  • EPS: ₹5.15 (Basic & Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹10,652.49 (H1 FY26: ₹8,145.27 | +30.8% YoY)
  • Total Income: ₹10,623.95
  • Net Profit: ₹462.12 (H1 FY26: ₹317.94 | +45.4% YoY)
  • EPS: ₹13.96 (Basic) / ₹13.95 (Diluted)

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹16,074.24
  • Total Income: ₹15,990.47
  • Net Profit: ₹419.91
  • EPS: ₹12.69 (Basic & Diluted)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹5,846.66
  • Total Income: ₹5,823.52
  • Net Profit: ₹289.78
  • EPS: ₹8.75 (Basic & Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹10,652.49
  • Total Income: ₹10,625.04
  • Net Profit: ₹460.34
  • EPS: ₹13.90 (Basic & Diluted)

Balance Sheet Position (Standalone as at September 30, 2026):

  • Total Assets: ₹15,250.85 million (Mar 31, 2026: ₹11,741.61 million)
  • Equity Share Capital: ₹331.07 million
  • Other Equity: ₹5,055.41 million (Mar 31, 2026: ₹4,711.35 million)
  • Cash and Cash Equivalents: ₹5.00 million (Mar 31, 2026: ₹219.52 million)
  • Inventories: ₹5,568.37 million (Mar 31, 2026: ₹3,600.12 million)
  • Trade Receivables: ₹1,654.82 million (Mar 31, 2026: ₹1,149.59 million)
  • Total Debt:
  • Borrowings (Non-current): ₹11.48 million
  • Borrowings (Current): ₹1,043.01 million
  • Lease Liabilities: ₹592.79 million (Non-current ₹345.19 + Current ₹247.60)

Segment-wise Performance:

The Company's operations relate to only one reportable segment: Kitchen and Home Appliances. No separate segment disclosure required.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities reported.

Other Significant Information:

  • Incorporated wholly owned subsidiary 'Guangzhou Jiawo Import & Export Co. Ltd' in China on August 12, 2026
  • Subsidiary invested 50% in joint venture 'Yushan Wosituo New Materials Co., Ltd'
  • Factoring arrangements with Banks/Institutions: ₹308.23 million trade receivables derecognised (Non-recourse)
  • Employee Stock Options: 80,412 options outstanding as of September 30, 2026
  • ESOP cost: ₹0.51 million for Q2 FY27 (Q2 FY26: ₹1.82 million)

Entities in Consolidation:

  • Stove Kraft Limited (Holding Company)
  • Guangzhou Jiawo Import & Export Co. Ltd (Wholly Owned Subsidiary)
  • Yushan County Wosituo New Materials Co., Ltd (Joint Venture through subsidiary)

Auditor Information:

Price Waterhouse Chartered Accountants LLP conducted the limited review