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.
Q3 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹784 cr, +0.3% YoY vs ₹781 cr, +65.2% QoQ vs ₹475 cr; standalone ₹378 cr (−6.4% YoY vs ₹404 cr); 9M consolidated ₹1,929 cr (+4.9% YoY), driven by volume recovery, retail expansion (296 stores), new categories.
- EBITDA: Consolidated PBT ₹49 cr (−16% YoY implied), margin stable; standalone PBT ₹5.4 cr (−64% YoY); total expenses ₹741 cr (+QoQ), cost control amid seasonality.
- PAT: Consolidated ₹34 cr (−10% YoY implied), tax ₹15 cr; standalone ₹4.2 cr (−66% YoY vs ₹12 cr); 9M consolidated ₹81 cr (−3% YoY vs ₹84 cr), EPS ₹10.86 (−3% YoY).
- Other key metrics: 9M PBT ₹121 cr; gross margin ~38%; new customers added, GST cuts aid volumes.
Management Commentary & Strategic Decisions
- Q3 seasonality hit standalone, but consolidated 9M stable; Q2/H1 strong, festive tailwinds expected.
- Strategic moves: Pigeon EBOs to 500 by FY27; debt-free goal, category expansion.
Q2 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹474 cr (+13.4% YoY vs ₹418 cr), H1 +13% YoY.
- EBITDA: ₹57 cr (+16% YoY), margin 12% (+25 bps YoY), gross margin 38.5% (+33 bps YoY).
- PAT: ₹21 cr (+28% YoY vs ₹17 cr), H1 EPS ₹9.60.
- Other key metrics: 258k new customers; operational leverage.
Management Commentary Q2
- Growth across categories, efficiency gains; resilient demand.
- Strategic moves: Retail expansion, GST benefits for volumes.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.