Stove Kraft Ltd — earnings calls

Stove Kraft reported consolidated Q1 FY27 revenue of Rs 480.6 crore, up 41.3% year-on-year, driven by broad-based growth across product categories including a 315.9% jump in Induction Cooktops. EBITDA grew 50.9% to Rs 53.8 crore with margins expanding to 11.2%, while PAT rose 63.5% to Rs 17.1 crore. Management attributed the performance to distribution expansion, premiumization, general trade recovery, and operating and financial leverage, while noting elevated other expenses from job work outsourcing, marketing spend, and franchise commissions.

Stove Kraft reported Q4 FY26 consolidated revenue of Rs 414.5 crore, up 32.4% year-on-year, with EBITDA margin at 9.5% and PAT growing 317.8% year-on-year to Rs 6.1 crore. Management attributed growth to a surge in demand for induction cooktops and small appliances, which together contributed 56% of quarterly revenue, alongside expansion of Pigeon exclusive brand outlets to 329 stores. Management also discussed the IKEA OEM manufacturing tie-up, tariff normalization on exports, and working capital improvements through channel and payable financing.