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StoveKraft Ltd was incorporated in 1999 by Mr. Rajendra Gandhi.It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand. The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc.
Stove Kraft established a China-based Wholly Owned Subsidiary (CNY 10 Million invested) for supply chain control. It also formed a 50-50 Joint Venture, with future WOS investment, for manufacturing cookware materials, enhancing backward integration and cost advantages.
Stove Kraft reported its strongest Q1 FY27 ever, with revenue up 41.3% YoY to INR480.6 Cr. PAT surged 63.5% to INR17.1 Cr, and EBITDA grew 50.9% to INR53.8 Cr, reflecting improved margins and operating leverage. Induction Cooktop sales skyrocketed 315.9%, now 27% of revenue, while pressure cookers and non-stick cookware...