Stovekraft Q2 FY26 Results

Stock corrected 7.6% despite 14% revenue growth and 28% PAT growth

₹ 725
-7.63% decreased today
03 Nov 3:30 p.m.

Financial Performance Overview

Bengaluru, India, November 3, 2025: Stove Kraft Limited (NSE/BSE: Stovekraft), India's leading kitchen and home appliances company, announced its unaudited financial results for the second quarter, ending September 30, 2025, of the fiscal year 2025-2026.

📊 Key Financial Highlights (Q2 FY26)

Revenue from Operations
₹474.4 Cr
+14% YoY
Profit Before Tax (PBT)
₹27.15 Cr
+24% YoY
Net Profit (PAT)
₹21.36 Cr
+28% YoY
EPS (Basic)
₹6.46
+28% YoY
Half Year Revenue
₹814.5 Cr
+11% YoY
Half Year PAT
₹31.79 Cr
+28% YoY

📈 Quarterly Performance Comparison (in ₹ Crores)

Financial Metric Q2 FY26 Q1 FY26 Q2 FY25 QoQ Change YoY Change
Revenue from Operations 474.4 340.1 418.3 +39.5% +13.4%
Profit Before Tax (PBT) 27.15 13.34 21.85 +103.5% +24.3%
Net Profit (PAT) 21.36 10.43 16.72 +104.8% +27.8%
EPS (Basic) 6.46 3.15 5.06 +105.1% +27.7%

Expense Analysis & Operational Efficiency

💰 Expense Breakdown (Q2 FY26)

Cost of Materials
₹259.5 Cr
54.7% of Revenue
Employee Benefits
₹47.9 Cr
10.1% of Revenue
Finance Costs
₹6.2 Cr
1.3% of Revenue
Depreciation
₹20.6 Cr
4.3% of Revenue
Other Expenses
₹77.6 Cr
16.4% of Revenue
Total Expenses
₹444.4 Cr
93.7% of Revenue

Business Expansion & Strategic Initiatives

🏪 Retail Expansion Milestone

Stovekraft has announced plans to significantly scale its retail footprint, targeting 500 exclusive stores by April 2027. The company recently crossed the milestone of 300+ standalone Pigeon business exclusive outlets.

🎯 Retail Expansion Strategy

  • ✓ Current store count: 300+ exclusive outlets
  • ✓ Target: 500 stores by April 2027
  • ✓ Focus on North and West India (Uttar Pradesh, Maharashtra, Madhya Pradesh, Bihar)
  • ✓ Standalone stores expected to contribute 15-20% of overall revenue in next two years
  • ✓ Franchise model with rent-sharing arrangement for mutual profitability
  • Stock Performance & Key Metrics

    💹 Stovekraft Stock Analysis

    Market Cap
    ₹2,408 Cr
    Current Price
    ₹725
    52W High / Low
    ₹977 / ₹525
    Stock P/E
    53.1
    Book Value
    ₹149
    Dividend Yield
    0.41%
    ROCE
    11.0%
    ROE
    8.69%
    Face Value
    ₹10.0
    EPS
    ₹13.7
    Debt to Equity
    0.40
    Total Debt
    ₹196 Cr
    Industry PE
    57.4

    About Stovekraft Limited

    🏢 Company Overview

    Stove Kraft Limited (NSE/BSE: Stovekraft) is recognized as a leading kitchen & home appliances listed organization. Founded by Mr. Rajendra J Gandhi, the company has expanded its portfolio to over 1,000 products across its renowned brands—Pigeon, Gilma & Black + Decker.

    🎯 Business Highlights

  • Annual Turnover: Exceeding ₹1,450 Crores
  • Distribution Network: 600 distributors, 1,25,000+ retail touchpoints
  • Exclusive Stores: 300+ Pigeon exclusive outlets, 40+ GILMA stores
  • Global Reach: 10+ countries including USA, Mexico, UK, Middle East, Africa
  • Major Clients: Walmart, Big Lots and other global retailers
  • Manufacturing: Largest kitchen appliances facility in Harohalli (Bengaluru) and unit in Baddi (Himachal Pradesh)
  • Market Analysis: Stovekraft delivered strong Q2 FY26 performance with 14% revenue growth and 28% PAT growth, yet the stock corrected 7.6% in today's trading. This correction appears to be profit booking after recent gains, as the stock had rallied significantly from its 52-week low of ₹525. The company's aggressive retail expansion strategy with target of 500 stores by 2027 and focus on North and West Indian markets positions it well for sustained growth. The stock trades at a P/E of 53.1, which is slightly below the industry average of 57.4, suggesting reasonable valuation relative to peers.

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    Disclaimer

    This article is for educational purposes only and does not constitute investment advice. The financial data and analysis mentioned are based on company filings and market observations. Always verify current information from official sources before investing. Stock market investments carry risks including liquidity risk, volatility, and capital loss risk. Always do your own research and consider consulting with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.