Stove Kraft reports strong Q2 growth, driven by demand and store expansion

Stove Kraft Limited reported a robust performance for the second quarter and first half of FY26, with consolidated revenue reaching INR 474.4 crores for Q2, marking a 13.4% year-on-year growth from INR 418.3 crores. Gross profit increased by 14.4% to INR 182.8 crores, while EBITDA grew by 15.8% to INR 56.8 crores. Profit after tax (PAT) saw a substantial 27.8% rise to INR 21.4 crores compared to INR 16.7 crores in Q2 FY25. The company maintained a stable gross margin above 38.5%, in line with its full-year target.

Growth was broadly distributed across product categories, with gas cooktops leading at 25.4% growth in value, followed by small appliances at 21.2%. Non-stick cookware grew by 15.2%, cookers by 9.9%, and induction cooktops by 5.5%. Stove Kraft also expanded its retail footprint, adding 16 new stores in Q2, bringing the total to 296 operational stores across 21 states and 120 cities, with plans to increase to 500 stores by FY27. This expansion contributed to 164,720 new customers and 257,566 units sold, with an average sale of INR 3.81 lakh per store/per month.

The company anticipates further volume growth due to recent GST rate rationalizations, which reduced the rate from 12% to 5% on key categories such as pressure cookers, non-stick cookware, and 9W light bulbs, impacting approximately 35% of its portfolio.