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Earnings Call

Stove Kraft Earnings Call: Key Takeaways

Stove Kraft delivered a strong revenue beat in Q4 FY26, driven by a 67% volume surge in induction cooktops following favorable GST cuts. While top-line growth is robust, margins remain pressured by forex volatility and high retail commissions.

Why this was an Alfa AlertRevenue growth of 32.4% YoY in Q4 significantly exceeds the guided 15% range for the fiscal year.
Highlights
Revenue growth32.4% YoY growth in Q4, driven by induction cooktops surge.
MarginsEBITDA margins at 9.5%; targeting 100bps expansion annually toward 42% gross.
Demand visibilityStrong visibility in small appliances and induction due to necessity-led adoption.
Management confidenceConfident tone, particularly regarding market leadership in e-commerce and retail expansion.

Growth

Revenue grew 32.4% YoY in Q4; induction cooktops saw 89.4% value growth and 67.3% volume growth.

Outlook

Targeting ₹2,500-3,000cr revenue in 2 years with 500 total stores by 2027.

Risks

Significant reliance on Chinese imports for components (33-40%) and heavy forex losses impact margin stability.

Source

Earnings Call filed with NSE, NSE: STOVEKRAFT. Summary written with AI assistance from the document.

Read the document ↗

Stove Kraft Ltd: key numbers

Share price
₹747.30
Market cap
₹2,474 Cr
Revenue (annual)
₹1,607 Cr
Net profit (annual)
₹41.99 Cr
P/E (TTM)
43.9×Sector 44.3×
Promoter holding
55.79%+0.00% QoQ
FII holding
4.03%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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