Stove Kraft Reports Q2 FY26 Revenue of Rs. 474 Crores
Filing Summary
Stove Kraft Limited announced its unaudited financial results for Q2 FY26, reporting a revenue of Rs. 474 crores, marking a 13.4% increase year-on-year. The company’s gross profit reached Rs. 183 crores, and EBITDA stood at Rs. 57 crores. The PAT for the quarter was Rs. 21 crores, reflecting a 27.8% growth. Stove Kraft continues to expand its retail presence, adding 16 new stores in Q2. The company plans to increase its Pigeon EBOs from 300 to 500 stores by FY27, aiming to enhance its market footprint.
Stove Kraft Limited has released its unaudited financial results for the second quarter of the fiscal year 2026. The company reported a revenue of Rs. 474 crores for Q2 FY26, which represents a 13.4% increase compared to the same quarter in the previous year. The gross profit for the quarter was Rs. 183 crores, and the EBITDA amounted to Rs. 57 crores. The profit after tax (PAT) stood at Rs. 21 crores, showing a 27.8% growth year-on-year.
The financial performance of Stove Kraft in Q2 FY26 highlights a stable gross profit margin of 38.5%. The EBITDA margin was recorded at 12.0%, while the PAT margin was 4.5%. The company experienced a significant quarter-on-quarter growth in revenues, with a 39.5% increase from Q1 FY26. The half-yearly revenue for H1 FY26 was Rs. 815 crores, an 11.2% rise compared to H1 FY25.
Stove Kraft’s operational focus includes a diversified product portfolio, with pressure cookers, induction cooktops, gas cooktops, non-stick cookware, and small appliances contributing to revenue growth. The company reported a 25.4% year-on-year growth in gas cooktops and a 21.2% increase in small appliances. The non-stick cookware segment saw a 15.2% growth in value despite a decline in volume.
The company continues to expand its retail footprint, with 296 stores operational across 21 states and 120 cities in India. In Q2, Stove Kraft added 16 new stores, including 23 under the franchise model. The average sales per store were reported at Rs. 3.81 lakhs per month. Stove Kraft plans to increase its Pigeon exclusive brand outlets (EBOs) from 300 to 500 stores by FY27.
The timeline for these expansions includes the addition of 10 new cities in the current quarter, further strengthening Stove Kraft’s presence in key regions. The company aims to leverage the recent GST rate rationalization, which reduced the rate from 12% to 5% on key categories, to boost volume growth in the coming quarters.
Stove Kraft Limited is a prominent brand in the home and kitchen appliances sector in India. It is a leading player in pressure cookers and a market leader in free-standing hobs, cooktops, and non-stick cookware. The company operates under the flagship brands Pigeon and Gilma and plans to expand its product offerings under the BLACK + DECKER brand, covering a range of value, semi-premium, and premium home and kitchen solutions.