Stove Kraft Posts 13.4% Revenue Growth in Q2, Expands Retail Footprint

Stove Kraft Limited reported strong Q2 FY26 performance with consolidated revenue rising 13.4% YoY to ₹474.4 crore, driven by festive demand and robust consumer response. Profitability improved significantly—PAT up 27.8% to ₹21.4 crore and EBITDA up 15.8% to ₹56.8 crore, while maintaining a healthy gross margin of 38.5%. Growth was led by gas cooktops (25.4% value growth) and small appliances (21.2%), with pressure cookers, cooktops, chimneys, and hobs contributing 50% of total revenue. The company expanded its retail network to 296 stores across 21 states, adding 16 new outlets in the quarter. It onboarded over 2.5 lakh new customers with an 18% repeat rate and achieved average monthly sales of ₹3.81 lakh per store. With the recent GST cut from 12% to 5% on key products like cookware and cookers, ~35% of its portfolio stands to benefit, boosting affordability and volume potential. MD Rajendra Gandhi highlighted brand strength and expects further growth momentum. Stove Kraft aims to scale its Pigeon EBO stores from 300 to 500 by FY27, reinforcing its leadership in India’s growing kitchen appliances market.