Stove Kraft Reports Robust Q4 FY26 Performance, Driven by 32.4% Revenue Growth
Stove Kraft Limited, a prominent brand for home and kitchen appliances in India, has announced its audited financial results for the quarter ended March 31, 2026. The company reported significant growth across key metrics, with consolidated revenue increasing 32.4% year-on-year (YoY) to ₹414.5 crores. Furthermore, the company saw a substantial jump in profitability, with Profit After Tax (PAT) growing 317.8% YoY to ₹6.1 crores.Key Financial Highlights for Q4 FY26
The company’s performance was strong across the fiscal year. The following table summarizes the key financial highlights for the quarter and fiscal year:| Particulars (Rs. Crs.) | Q4 FY26 | Q4 FY25 | Y-o-Y | Q3 FY26 | Q-o-Q | FY26 | FY25 | Y-o-Y |
|---|---|---|---|---|---|---|---|---|
| Revenues | 414.5 | 313.0 | 32.4% | 378.4 | 9.6% | 1,607.4 | 1,449.8 | 10.9% |
| Gross Profit | 160.2 | 120.8 | 32.6% | 149.2 | 7.4% | 622.5 | 552.4 | 12.7% |
| Gross Profit % | 38.6% | 38.6% | 39.4% | 38.7% | 38.1% | |||
| EBITDA | 39.5 | 29.5 | 33.9% | 34.3 | 15.1% | 166.1 | 150.7 | 10.3% |
| EBITDA% | 9.5% | 9.4% | 9.1% | 10.3% | 10.4% | |||
| PAT | 6.1 | 1.4 | 317.8% | 4.1 | 45.9% | 42.0 | 38.5 | 9.1% |
| PAT % | 1.5% | 0.5% | 1.1% | 2.6% | 2.7% |
Product Category Growth Accelerates
The growth momentum was evident across multiple product categories, led by Induction Cooktops.| Product Category | Growth Val (Y-o-Y) | Growth Vol (Y-o-Y) |
|---|---|---|
| Induction Cooktops | 89.4% | 67.3% |
| Non-stick Cookware | 49.6% | 23.5% |
| Cooker | 44.7% | 39.7% |
| Small Appliance | 12.7% | 97.7% |
| Gas Cooktops | 9.4% | 3.6% |
Operational and Channel Performance
Mr. Rajendra Gandhi, Managing Director of Stove Kraft Limited, attributed the strong results to evolving consumer preferences and robust demand across electrical cooking categories."We are pleased to deliver a strong performance in Q4 FY26, driven by evolving consumer preferences, robust demand across electric cooking categories, and continued execution across channels," he stated. "During the quarter, consolidated revenue grew by 32.4% year-on-year to ₹ 414.5 crores, while EBITDA increased by 33.9% year-on-year to ₹ 39.5 crores. We also witnessed a significant improvement in profitability, with PAT growing 317.8% year-on-year to ₹ 6.1 crores, reflecting operational leverage, disciplined cost management, and improving business mix."
The Managing Director noted that global macro environment factors, particularly elevated LPG prices and supply-side disruptions, have accelerated consumer adoption of electrical cooking solutions such as induction cooktops, rice cookers, and air fryers. Induction cooktop demand, in particular, demonstrated exceptional momentum, with e-commerce sales reportedly increasing nearly fourfold amid geopolitical tensions in the Middle East.
The company also leveraged its presence in the commercial sector, launching the Pigeon EGNITE 3500 Heavy-Duty Infrared Cooktop for the HoReCa segment.
In terms of sales channels, the revenue breakup for Q4 FY26 was as follows:
| Channels | Revenue Break Up (%) |
|---|---|
| GT | 32.3% |
| MR | 11.3% |
| ECOM | 34.0% |
| OwnRetail | 9.0% |
| OEM | 8.7% |
Operationally, the company continued its expansion, expanding into 13 new cities during the quarter. The company currently operates 329 stores across 22 states and 151 cities in India. Furthermore, the company added 16 new stores in Q4, with 34 operating under a franchisee model.
Stove Kraft Limited remains committed to innovation and expanding its omni-channel presence. The company operates under the Pigeon and Gilma brands and is also advancing its commitment to the BLACK + DECKER brand for premium home and kitchen solutions. The company holds well-equipped manufacturing facilities in Bengaluru (Karnataka) and Baddi (Himachal Pradesh).
STOVEKRAFT Stock Price Movement
Today, Stove Kraft Limited shares edged higher to close at ₹563.45, marking a solid gain of 1.87% for the day. The stock recorded strong trading volume, with 1.67 million shares changing hands and finishing within the intraday range of ₹555 to ₹598.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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