Categories AlphaGraphs, Consumer, Earnings

Stove Kraft Ltd Q2FY24; 35% fall in Profits

StoveKraft Ltd was incorporated in 1999 by Mr. Rajendra Gandhi. It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand. The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc.

Financial Results:

Stove Kraft Ltd reported Revenues for Q2FY24 of ₹380.00 Crores down from ₹406.00 Crore year on year, a fall of 6.4%.

Total Expenses for Q2FY24 of ₹358.00 Crores down from ₹370.00 Crores year on year, a fall of 3.24%.

Consolidated Net Profit of ₹17.00 Crores down 34.62% from ₹26.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.00, down 36.55% from ₹7.88 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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