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Stove Kraft Q2 FY27 Earnings Call: Revenue Up 23.2% to ₹585 Cr, EBITDA Margins Expand to 12.9%
Stove Kraft reported Q2 FY27 consolidated revenue of ₹585 crore, growing 23.2% YoY from ₹475 crore. EBITDA for the quarter jumped 32.7% YoY to ₹75.3 crore, recording peak EBITDA margins of 12.9% (up 96 bps). Profit after tax reached ₹29 crore, up 35.7% YoY with a 5.0% margin. Management indicated confidence in sustaining full-year EBITDA margins between 11% and 12%, supported by retail expansion and growth in induction cooktops and pressure cookers.
உச்சம் நம்பிக்கை
என்ன மாறியதுSubmission of the detailed transcript of the Q2 and H1 FY27 earnings conference call held on November 5, 2026.
ஏன் இது முக்கியம்Confirms strong operating leverage, improved working capital cycles, and steady expansion across value and premium appliance categories.
Q2 FY27 Revenue: ₹585 கோடிQ2 FY27 EBITDA Margin: 12.9%Q2 FY27 PAT: ₹29 கோடிPigeon Exclusive Stores: 360Net Working Capital Days: 32 நாட்கள்
📅 குறுகிய காலம்Market sentiment should reflect the strong operating performance and margin resilience displayed in Q2.
📈 நீண்ட காலம்Backward integration and expanding proprietary retail network support structurally higher return ratios and steady double-digit growth.
⚠ அபாய எச்சரிக்கைகள்
Raw material volatility (aluminum and steel)
Execution and marketing risks in newly entered segments like air purifiers
👀 கவனிக்க வேண்டியவை
Track whether full-year EBITDA margins hold within the targeted 11%-12% band and monitor store additions toward the 500-store target by 2027.
Stove Kraft Q2 FY27 PAT Rises 35.7% YoY to ₹29 Cr; Revenue Up 23.2% to ₹584.7 Cr
Stove Kraft reported strong Q2 FY27 results with consolidated revenue growing 23.2% YoY to ₹584.7 crore and PAT increasing 35.7% YoY to ₹29.0 crore. Operating performance showed margin expansion, with EBITDA rising 32.7% YoY to ₹75.3 crore and EBITDA margin hitting a record 12.9%. For H1 FY27, PAT reached ₹46.0 crore, surpassing the entire FY26 full-year PAT of ₹42.0 crore. Working capital efficiency also improved, with net working capital days falling to 32 days compared to 51 days in Q2 FY26.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft released its detailed Q2 & H1 FY27 earnings presentation ahead of its institutional analyst conference call.
ஏன் இது முக்கியம்Demonstrates operating leverage and working capital optimization, with half-year earnings already outstripping FY26 annual net profit.
Q2 FY27 Revenue: ₹584.7 கோடிQ2 FY27 EBITDA: ₹75.3 கோடிQ2 FY27 PAT: ₹29.0 கோடிH1 FY27 PAT: ₹46.0 கோடிEBITDA Margin (Q2 FY27): 12.9%Net Working Capital Days: 32 நாட்கள்
📅 குறுகிய காலம்Market sentiment should react positively to record quarterly EBITDA margins (12.9%) and strong top-line festive growth.
📈 நீண்ட காலம்Consistent store network expansion toward the 500-store goal and working capital tightening support structural ROE/ROCE expansion above historical levels.
⚠ அபாய எச்சரிக்கைகள்
Vulnerability to aluminum and steel raw material cost inflation
Decline in Export sales (-10.3% YoY in Q2) and Gas Cooktops (-6.4% YoY in Q2)
👀 கவனிக்க வேண்டியவை
Track management commentary on raw material volatility (aluminum/steel) and the sustainability of the >12% EBITDA margin into the post-festive quarters.
CNY 10 Million Investment: Stove Kraft Incorporates China Subsidiary and 50:50 Joint Venture
Stove Kraft has operationalized its China expansion by incorporating a Wholly Owned Subsidiary (WOS), Guangzhou Jiawo Import & Export Co. Ltd, with an initial investment of CNY 10 Million (approx. ₹11.6 Cr) made on August 12, 2026. Additionally, a 50:50 Joint Venture (JV) named Yushan Wosituo New Materials Co., Ltd. has been formed to manufacture triply sheets and circles for cookware. This move is a strategic step toward backward integration, aiming to secure supply chain control and cost advantages for its premium cookware segment.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has transitioned from 'in-principle approval' to the formal incorporation and initial funding of its Chinese subsidiary and manufacturing joint venture.
ஏன் இது முக்கியம்This represents a significant backward integration move. By manufacturing triply sheets (a key raw material for premium cookware) in-house via a JV, the company can potentially reduce costs and improve supply chain reliability compared to pure importing.
WOS Initial Investment: CNY 10 MillionWOS Registered Capital: CNY 20 MillionJV Shareholding: 50:50Investment vs Net Worth: ~2.3%
📅 குறுகிய காலம்The market is likely to view this as a positive execution of the company's stated strategy to strengthen its supply chain, though immediate financial impact will be minimal.
📈 நீண்ட காலம்Structurally significant as it supports the company's shift toward higher-margin premium cookware and reduces dependency on external suppliers for specialized materials.
⚠ அபாய எச்சரிக்கைகள்
Geopolitical risks associated with operating in China
Forex fluctuation risks (CNY/INR)
Execution risk of the joint venture manufacturing facility
👀 கவனிக்க வேண்டியவை
Monitor the timeline for the JV's manufacturing facility to become operational and track improvements in gross margins for the cookware segment in upcoming quarterly results.
Stove Kraft reported its strongest-ever Q1 performance with revenue growing 41.3% YoY to ₹480.6 Cr, significantly outpacing the seasonally soft industry trend. Growth was primarily driven by a 315.9% surge in Induction Cooktops, which now contribute 27% of total revenue. The company is aggressively expanding its retail footprint, adding 17 new franchise stores this quarter toward a target of 500 outlets by 2027. Management highlighted margin expansion potential through premiumization and a new triply cookware line expected to be operational by Q3 FY27.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft transitioned from a seasonally weak Q1 to its strongest-ever first quarter, driven by a massive surge in induction cooktops and a recovery in general trade.
ஏன் இது முக்கியம்The results demonstrate strong manufacturing agility and the success of an omnichannel strategy; the shift toward premiumization and exclusive retail stores (EBOs) is intended to structurally improve operating margins.
Q1 FY27 Revenue: ₹480.6 கோடிRevenue Growth (YoY): 41.3%Induction Cooktop Growth: 315.9%General Trade Growth: 56.2%Retail Channel Growth: 86.3%IKEA Revenue Potential: 5-6% of total business
📅 குறுகிய காலம்Positive sentiment is expected due to the significant revenue beat and strong growth in core categories, signaling a recovery in general trade and successful premiumization.
📈 நீண்ட காலம்Structural growth is supported by the expansion to 500 exclusive stores, entry into personal care, and backward integration into premium segments like triply cookware and cast iron.
⚠ அபாய எச்சரிக்கைகள்
Supply side deficiencies in small appliances due to resource reallocation
Vulnerability to aluminum and steel price volatility
Forex risks impacting margins (₹2.8 Cr loss in Q2 FY26)
👀 கவனிக்க வேண்டியவை
Monitor the execution of the 500-store retail expansion target by 2027 and the operationalization of the new triply cookware line in Q3 FY27. Investors should also track if the high growth in induction cooktops is sustainable or a one-time structural shift post-geopolitical disruptions.
41.3% Revenue Growth: Stove Kraft Reports Strong Q1 FY27 with PAT up 63.5% to ₹17.1 Cr
Stove Kraft reported a robust Q1 FY27 with revenue reaching ₹480.6 Cr, a 41.3% YoY increase, significantly outpacing historical quarterly averages. Profitability improved sharply with PAT jumping 63.5% to ₹17.1 Cr, driven by a 315.9% surge in the Induction Cooktop category. The company expanded its retail footprint to 346 stores, adding 17 new outlets this quarter. Operating margins (EBITDA) expanded to 11.2% from 10.5% YoY, reflecting strong operating leverage despite the quarter being seasonally soft for the industry.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft delivered its strongest-ever Q1 performance, traditionally a soft quarter, marked by a significant shift toward own-retail and premium product categories.
ஏன் இது முக்கியம்The high growth in the 'Own Retail' channel (86.3%) and premium segments like Induction Cooktops is structurally improving the company's margin profile and reducing its dependence on traditional wholesale channels.
📅 குறுகிய காலம்Positive sentiment is expected as the company significantly beat historical Q1 performance trends and showed strong momentum in General Trade (56.2% growth).
📈 நீண்ட காலம்The aggressive expansion of the COFO retail network and diversification into premium categories like Black + Decker could re-rate the business if double-digit margins are sustained.
⚠ அபாய எச்சரிக்கைகள்
Vulnerability to aluminum and steel price spikes
Forex risks (USD impact)
Potential channel conflict between e-commerce and general trade
👀 கவனிக்க வேண்டியவை
Monitor the sustainability of the high growth in Induction Cooktops and the execution of the 500-store target by 2027. Watch for margin stability in upcoming quarters as commodity prices for aluminum and steel fluctuate.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
Stove Kraft Q1 FY27 PAT Rises 65% to ₹17.05 Cr; Reappoints Key Directors for 5 Years
Stove Kraft reported a robust Q1 FY27 with revenue from operations growing 41.3% YoY to ₹480.58 cr. Net profit surged 65.4% YoY to ₹17.05 cr, up from ₹10.31 cr in the same quarter last year. The board approved the reappointment of Executive Director Neha Gandhi and Independent Director Anup Sanmukh Shah for five-year terms. Management also noted that while Income Tax assessment proceedings are ongoing following a 2023 search, no material adverse impact is expected.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft delivered strong double-digit growth in both revenue and profit for Q1 FY27 while securing leadership continuity through director reappointments.
ஏன் இது முக்கியம்The strong quarterly performance validates the company's expansion strategy and manufacturing efficiency, while the 5-year leadership extensions provide stability for its 'Pigeon' store network expansion goals.
📅 குறுகிய காலம்The stock is likely to react positively to the significant YoY growth in earnings and revenue, reflecting strong demand in the domestic appliances segment.
📈 நீண்ட காலம்Leadership continuity and consistent manufacturing-led growth support the company's target of 500 exclusive stores by 2027 and diversification into personal care.
⚠ அபாய எச்சரிக்கைகள்
Ongoing Income Tax assessment proceedings
Vulnerability to aluminum and steel price fluctuations
Forex risks related to USD appreciation
👀 கவனிக்க வேண்டியவை
Monitor the company's ability to maintain 40%+ revenue growth and observe the final resolution of the Income Tax assessment proceedings mentioned in the auditor's notes.
Stove Kraft Q1 Revenue Grows 41% to ₹480.6 Cr; Net Profit Surges 65% YoY
Stove Kraft Limited reported a robust performance for Q1 FY27, with revenue from operations increasing 41.3% YoY to ₹480.58 Cr. Net profit for the quarter rose 65.5% YoY to ₹17.06 Cr, up from ₹10.31 Cr in the year-ago period. The company maintained its growth momentum with EPS rising to ₹5.15 from ₹3.15. Additionally, the board approved the reappointment of Executive Director Neha Gandhi and Independent Director Anup Sanmukh Shah for five-year terms, ensuring leadership continuity.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft reported its Q1 FY27 financial results showing significant top-line and bottom-line growth, alongside the reappointment of key board members.
ஏன் இது முக்கியம்The strong quarterly performance validates the company's value-for-money strategy and manufacturing-led model, which now accounts for approximately 90% of revenue.
📅 குறுகிய காலம்The stock may see positive sentiment in the short term due to the strong earnings beat and significant YoY growth in profitability.
📈 நீண்ட காலம்The company's focus on backward integration and retail expansion to 500 stores by 2027 provides a structural growth runway, provided margins are protected from raw material volatility.
⚠ அபாய எச்சரிக்கைகள்
Ongoing Income Tax assessment proceedings following 2023 search operations
Vulnerability to aluminum and steel price fluctuations
Forex risk due to USD exposure
👀 கவனிக்க வேண்டியவை
Investors should monitor the sustainability of this 41% growth rate in upcoming quarters and track the execution of the 'Pigeon' store expansion strategy. The resolution of ongoing Income Tax assessment proceedings mentioned in the auditor's report remains a key administrative watchpoint.
Stove Kraft Appoints Former TTK Prestige MD Chandru Kalro as Vice Chairperson
Stove Kraft has appointed Mr. Chandru Kalro as an Additional Director and Vice Chairperson effective July 02, 2026. Mr. Kalro is a veteran of the consumer durables industry with over 35 years of experience, most notably serving as the Managing Director of major competitor TTK Prestige from 2015 to 2024. This strategic appointment comes as Stove Kraft (TTM Revenue Rs 884 Cr) seeks to expand its retail footprint to 500 stores by 2027 and improve its operating margins, which currently stand at 9.4%.
உச்சம் நம்பிக்கை
என்ன மாறியதுStove Kraft has added a high-profile industry veteran from its primary competitor to its board in a leadership capacity.
ஏன் இது முக்கியம்Hiring the former head of a market leader like TTK Prestige suggests Stove Kraft is serious about professionalizing its board and scaling its brand beyond the value-for-money segment to improve its 11% ROCE.
Experience in Consumer Durables: 35+ yearsPrevious MD Tenure (TTK Prestige): ஏப்ரல் 2015 - செப்டம்பர் 2024Target Store Count: 500 by 2027TTM வருவாய்: Rs 884 கோடிOperating Profit Margin: 9.4%
📅 குறுகிய காலம்The appointment of a well-regarded industry leader is likely to be viewed positively by the market in the coming days as a sign of strengthening corporate governance and strategy.
📈 நீண்ட காலம்Mr. Kalro's experience in brand building and omni-channel distribution could be pivotal in helping Stove Kraft transition from a regional South-Indian player to a national brand with higher margins.
⚠ அபாய எச்சரிக்கைகள்
Non-executive role limits direct operational control
Potential for strategic friction if his vision differs from the current promoter group
👀 கவனிக்க வேண்டியவை
Investors should monitor if this leadership addition leads to improved premiumization of the product mix and better execution of the 500-store expansion plan by 2027.
Stove Kraft Q4 FY26 PAT Surges 317% YoY to ₹6.1 Cr; Revenue Up 32.4%
Stove Kraft reported a robust Q4 FY26 with consolidated revenue growing 32.4% YoY to ₹414.5 crores, driven by a massive 89.4% value growth in induction cooktops. While full-year PAT grew a modest 9.1% to ₹42 crores, the Q4 PAT saw an exceptional jump of 317.8% YoY to ₹6.1 crores. The company is aggressively expanding its retail footprint, reaching 329 exclusive brand outlets (EBOs) with a target of 500 by 2027. Export competitiveness has also improved significantly following a reduction in US tariffs from 50% to 18%.
முக்கிய அம்சங்கள்
Q4 FY26 revenue grew 32.4% YoY to ₹414.5 crores; EBITDA rose 33.9% to ₹39.5 crores.Induction cooktops delivered strong momentum with 89.4% value growth and 67.3% volume growth in Q4.Small kitchen appliances volume surged 97.7% YoY, though value growth was lower at 12.7% due to a shift toward lower ASP products.OEM exports contribution rose to 8.7% in Q4, benefiting from US tariff reductions on Indian goods.The company added 67 net EBOs in FY26, bringing the total to 329 stores across 151 cities and 22 states.
👀 கவனிக்க வேண்டியவை
Investors should focus on the company's successful channel diversification and the scaling of its EBO network which is improving brand visibility. While volume growth is high, monitoring the impact of product mix on overall margins will be crucial for long-term valuation.
Stove Kraft Q4 FY26: Revenue Up 32.4% YoY, PAT Surges 317.8% to ₹6.1 Crore
Stove Kraft reported a robust Q4 FY26 with revenue growing 32.4% YoY to ₹414.5 crore, driven by strong demand in electric cooking categories. Net profit saw a massive jump of 317.8% YoY to ₹6.1 crore, despite being impacted by a forex loss of ₹5.67 crore during the quarter. The company's EBITDA margins remained stable at 9.5%, while induction cooktops emerged as a high-growth segment with 89.4% value growth. Expansion continues with 329 operational stores and a significant shift towards e-commerce, which now accounts for 34% of total revenue.
முக்கிய அம்சங்கள்
Revenue grew 32.4% YoY to ₹414.5 crore in Q4 FY26, with full-year FY26 revenue reaching ₹1,607.4 crore.PAT surged 317.8% YoY to ₹6.1 crore in Q4, even after accounting for a ₹5.67 crore forex loss.Induction Cooktops and Non-stick Cookware saw exceptional value growth of 89.4% and 49.6% respectively.E-commerce channel contribution rose to 34%, while the company expanded its retail footprint to 329 stores.EBITDA increased 33.9% YoY to ₹39.5 crore, maintaining a margin of 9.5%.
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's ability to sustain high growth in the electrical cooking segment and manage forex volatility. The strong recovery in PAT and robust e-commerce performance suggest a positive outlook for this kitchen appliances player.
Stove Kraft Q4 Net Profit Jumps 318% to ₹60.5M; Recommends ₹3.50 Dividend
Stove Kraft reported a robust performance for Q4 FY26, with revenue from operations growing 32.4% YoY to ₹4,145.23 million. Net profit for the quarter saw a massive surge of 318%, rising to ₹60.51 million from ₹14.48 million in the same period last year. The board has recommended a final dividend of ₹3.50 per share (35%) and approved a transition in leadership with Subhadeep Pal appointed as the new CFO. Furthermore, the company is expanding its ESOP pool to 1,025,000 options to enhance employee retention.
முக்கிய அம்சங்கள்
Q4 FY26 Revenue increased 32.4% YoY to ₹4,145.23 million.Net Profit for Q4 FY26 surged 318% YoY to ₹60.51 million.Recommended a final dividend of ₹3.50 per equity share for FY26.Full-year FY26 Net Profit stood at ₹419.91 million compared to ₹385.05 million in FY25.Management transition: Subhadeep Pal appointed as CFO effective May 16, 2026, following Ramakrishna Pendyala's resignation.
👀 கவனிக்க வேண்டியவை
Investors should take note of the significant profit margin expansion and the healthy dividend payout. The stock remains a watch for sustainable growth following the CFO transition and the expansion of the ESOP pool.
Stove Kraft FY26 PAT Rises 9% to ₹420M; Recommends ₹3.50 Dividend & Appoints New CFO
Stove Kraft reported a 10.8% YoY increase in annual revenue to ₹16,074 million for FY26, with PAT growing 9% to ₹419.9 million. The fourth quarter showed significant momentum, with revenue jumping 32% and PAT surging over 300% compared to the same period last year. The board recommended a final dividend of ₹3.50 per share and announced the transition of the CFO role to Subhadeep Pal. Additionally, the company is expanding its ESOP pool to 1,025,000 options to retain talent.
முக்கிய அம்சங்கள்
Annual Revenue from operations grew 10.8% YoY to ₹16,074.24 million in FY26.Q4 FY26 PAT witnessed a massive jump to ₹60.51 million compared to ₹14.48 million in Q4 FY25.Recommended a final dividend of ₹3.50 per equity share (35% of face value) for FY26.ESOP pool increased by approximately 26% from 813,000 to 1,025,000 stock options.Appointed Subhadeep Pal as CFO effective May 16, 2026, following the resignation of Ramakrishna Pendyala.
👀 கவனிக்க வேண்டியவை
Investors should view the strong Q4 recovery and dividend recommendation as positive indicators of operational health. Monitor the management transition and the impact of the expanded ESOP pool on potential equity dilution.
Stove Kraft Chief Growth Officer Mayank Gupta Resigns; Led 300+ Store Retail Expansion
Mr. Mayank Gupta, the Chief Growth Officer of Stove Kraft Limited, has resigned effective February 27, 2026, to pursue an external opportunity. During his four-year tenure, Gupta was instrumental in building the company's retail vertical from its inception to a network of over 300 stores across India. As a key member of the Senior Management Personnel, his departure marks a significant leadership change in the company's growth and retail strategy. The company has acknowledged his contribution to the retail footprint but has not yet announced a successor.
முக்கிய அம்சங்கள்
Resignation of Chief Growth Officer Mayank Gupta effective February 27, 2026.Gupta led the retail vertical expansion from zero to a 300+ store network nationwide.The executive served a tenure of 4 years, focusing on direct-to-consumer growth.Departure is cited as being for the pursuit of an external professional opportunity.Mr. Gupta was classified as Senior Management Personnel (SMP) under SEBI regulations.
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's retail sales performance in upcoming quarters to ensure the 300+ store network remains productive post-leadership transition. Watch for the appointment of a new CGO to gauge the continuity of the current growth strategy.
Stove Kraft Q3 FY26: Revenue dips 6.4% on export headwinds; Gross Margins improve to 39.4%
Stove Kraft reported a 6.4% YoY decline in Q3 FY26 revenue to INR 378.4 crores, primarily due to a sharp drop in export sales which fell to just 3.5% of total revenue. Despite the top-line pressure, gross margins improved by 188 bps to 39.4% through better product mix and operational efficiencies. Profit After Tax (PAT) saw a significant decline to INR 4.1 crores, impacted by one-time expenses of INR 4.65 crores. However, the company successfully reduced its working capital debt by INR 80 crores and improved working capital days to 43.
முக்கிய அம்சங்கள்
Q3 FY26 revenue declined 6.4% YoY to INR 378.4 crores due to weak export demand in the US market.Gross margins expanded by 188 basis points to 39.4%, while 9-month EBITDA grew 5.4% to INR 127.7 crores.Significant debt reduction of INR 80 crores achieved during the quarter, bringing working capital debt down to INR 80.6 crores.Retail footprint expanded to 313 stores across 21 states, with a long-term target of 500 stores by 2027.Small appliances category recorded a robust volume growth of 38% during the quarter.
👀 கவனிக்க வேண்டியவை
Investors should monitor the recovery of the export segment and the ramp-up of the IKEA partnership starting in FY27. The significant debt reduction and margin improvement are positive signs, but near-term PAT remains under pressure from one-off costs.
Stove Kraft Q3FY26 PAT Drops 65.8% YoY to ₹4.1 Cr; Revenue Declines 6.4%
Stove Kraft reported a weak Q3FY26 performance with revenue declining 6.4% YoY to ₹378.4 crore and reported PAT falling 65.8% to ₹4.1 crore. The bottom line was significantly impacted by one-time expenses, including a ₹1.9 crore forex loss and a ₹1.24 crore charge related to Labour Code implementation. Despite the quarterly slump, 9MFY26 revenue showed a modest 4.9% growth to ₹1,192.9 crore. The company continues its aggressive retail expansion, adding 17 new stores this quarter to reach a total of 313 outlets.
முக்கிய அம்சங்கள்
Q3FY26 Revenue fell 6.4% YoY to ₹378.4 Cr, while EBITDA margin contracted to 9.1% from 10.0% in the previous year.Reported PAT plummeted 65.8% YoY to ₹4.1 Cr, impacted by ₹3.14 Cr in extraordinary items (Forex and Labour Code).Retail footprint expanded to 313 stores across 21 states, with a long-term target of 500 stores by CY 2027.Working capital efficiency improved with days reduced to 43, while gross margins remained resilient at 39.4%.Product category performance was mixed: Gas Cooktops grew 10.1% in value, while Non-stick Cookware value fell 27%.
👀 கவனிக்க வேண்டியவை
Investors should exercise caution as the sharp decline in quarterly profitability and revenue suggests near-term headwinds in consumer demand. Monitor if the aggressive store expansion translates into higher revenue per store and improved margins in the coming quarters.
Stove Kraft Q3 FY26 Revenue Dips 6.4% to ₹378.4 Cr; PAT Impacted by One-time Costs
Stove Kraft reported a challenging Q3 FY26 with revenue declining 6.4% YoY to ₹378.4 crore, though 9M FY26 revenue remains up by 4.9%. Profitability was significantly impacted as PAT fell 65.8% YoY to ₹4.1 crore, primarily due to one-time gratuity provisions of ₹1.24 crore and forex losses of ₹1.9 crore. On a positive note, gross margins improved by 188 bps to 39.4%, and the company successfully reduced its debt to ₹80.6 crore. The company continues its retail expansion, adding 17 new stores this quarter to reach a total of 313 outlets.
முக்கிய அம்சங்கள்
Q3 FY26 Revenue decreased 6.4% YoY to ₹378.4 crore, while 9M FY26 Revenue grew 4.9% to ₹1,192.9 crore.Gross Margin improved by 188 bps YoY to 39.4% in Q3 FY26, reflecting business resilience despite export sluggishness.PAT dropped 65.8% YoY to ₹4.1 crore, hit by ₹3.14 crore in exceptional gratuity and forex items.Debt reduced to ₹806 million (₹80.6 crore) during the quarter through improved working capital and sale-leaseback.Retail footprint expanded to 313 stores across 138 cities, with 17 new stores added in Q3 FY26.
👀 கவனிக்க வேண்டியவை
Investors should focus on the company's ability to sustain gross margin improvements and the scaling of its exclusive retail channel. While the current profit dip is largely due to one-time items, the recovery in export volumes remains a key monitorable for future growth.
Stove Kraft Q3 FY26 Revenue Up 18% YoY, but Net Profit Plummets 66% to ₹41.5 Million
Stove Kraft reported a revenue growth of 18.4% YoY, reaching ₹4,783.74 million for the quarter ended December 31, 2025. However, net profit saw a sharp decline of 65.8% YoY to ₹41.46 million, primarily due to rising raw material costs and higher operating expenses. On a sequential basis, the profit drop was even more pronounced at 80.6% compared to the previous quarter. The company is also managing ongoing income tax assessments following a 2023 search, with a current demand of ₹13.5 million under appeal.
முக்கிய அம்சங்கள்
Revenue from operations grew 18.4% YoY to ₹4,783.74 million from ₹4,040.63 million.Net profit fell sharply by 65.8% YoY and 80.6% QoQ to ₹41.46 million.Earnings Per Share (EPS) dropped to ₹1.25 from ₹3.67 in the same quarter last year.Other expenses increased significantly to ₹776.45 million compared to ₹645.49 million in the previous year.Income tax demand of ₹13.5 million for past assessment years is currently under appeal or rectification.
👀 கவனிக்க வேண்டியவை
Investors should exercise caution as the significant margin contraction and sharp decline in profitability overshadow the steady revenue growth. Monitor management's strategy for cost control and the final outcome of the ongoing income tax proceedings.
Stove Kraft Credit Rating Upgraded to [ICRA]A (Stable) and [ICRA]A1
ICRA has upgraded the credit ratings for Stove Kraft Limited's bank facilities, reflecting a strengthened financial profile. The long-term rating has been revised upward to [ICRA]A (Stable) from [ICRA]A- (Positive), while the short-term rating improved to [ICRA]A1 from [ICRA]A2+. This upgrade indicates improved creditworthiness and may lead to lower interest costs for the company's debt. The transition from a 'Positive' outlook to 'Stable' at a higher rating level suggests the agency's confidence in the company's sustained performance.
முக்கிய அம்சங்கள்
Long-term bank facility rating upgraded from [ICRA]A- (Positive) to [ICRA]A (Stable).Short-term bank facility rating upgraded from [ICRA]A2+ to [ICRA]A1.The rating revision was officially received from ICRA on December 18, 2025.The upgrade signifies a lower risk of default and improved access to capital markets.
👀 கவனிக்க வேண்டியவை
Investors should view this upgrade as a positive sign of financial health and management efficiency. It is advisable to monitor if this leads to a reduction in finance costs in the upcoming quarterly earnings.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
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எங்கள் AI பங்குச் சந்தை பகுப்பாய்வு: டெலிகிராம், வாட்ஸ்அப்பில் இலவசம்
⚡ 3500+ நிறுவனங்களை நாங்கள் உடனுக்குடன் கண்காணிக்கிறோம். NSE-யில் ஒரு நிறுவன அறிவிப்பு வெளியானதுமே, எங்கள் AI அதைப் படித்து, சுருக்கி, அதன் தாக்கத்தைச் சில நொடிகளில் உங்களுக்குச் சொல்கிறது.
இதுபோன்ற AI பகுப்பாய்வுக்குக் கட்டணத் தளங்கள் ஆண்டுக்கு ₹1,00,000-க்கும் மேல் வசூலிக்கின்றன. எங்கள் சேனல்களில் இது இலவசம்.
