Stove Kraft Limited — PPTs, 03-11-2025: Investor Presentation

Stove Kraft reported robust Q2 FY26 results, with revenue up 13.4% YoY to INR 474.4 Cr and Profit After Tax (PAT) surging 27.8% YoY to INR 21.4 Cr. For H1 FY26, revenue hit INR 814.5 Cr (+11.2% YoY) and PAT grew 27.6% to INR 31.8 Cr. Gross margins remained stable above 38.5%. Gas Cooktops and Small Appliances were key growth categories.

The company is aggressively expanding its exclusive retail channel, now operating 296 stores across 21 states and 120 cities, with 16 new additions in Q2. Strategic focus areas include driving higher-value product contributions and leveraging favorable macroeconomic trends.

Stove Kraft expanded into 10 new cities and introduced several new products like the Tesla Electric Kettle and an All Clad Tri-Ply Pressure Cooker. Average monthly store sales reached ₹3.81 Lakhs.

Return on Capital Employed (ROCE) improved to 15.5% in Q2 FY26, up from 12.3% in Q1. Inventory days decreased from 144 to 128, enhancing working capital efficiency.

Management anticipates continued gross margin stability, crediting operational leverage for improved PAT. They see a positive outlook, supported by the projected ~9% CAGR for the Indian consumer appliance market.