{"id":178814,"date":"2026-01-31T13:02:00","date_gmt":"2026-01-31T18:02:00","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178814"},"modified":"2026-02-02T03:28:34","modified_gmt":"2026-02-02T08:28:34","slug":"stove-kraft-q3-fy26-results-revenue-declines-margins-improve-profit-falls","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/stove-kraft-q3-fy26-results-revenue-declines-margins-improve-profit-falls\/","title":{"rendered":"Stove Kraft Q3 FY26 Results: Revenue Declines, Margins Improve, Profit Falls"},"content":{"rendered":"\n<p>Stove Kraft Limited (NSE: STOVEKRAFT) reported weaker quarterly profitability for the three months ended December 31, 2025, amid softer revenues and margin compression.<\/p>\n\n\n\n<p>Revenue from operations declined 6.4% year-on-year to \u20b9378.4 crore in Q3 FY26, compared with \u20b9404.1 crore a year earlier. Sequentially, revenue fell 20.2% from \u20b9474.4 crore in Q2 FY26.<\/p>\n\n\n\n<p>Gross profit stood at \u20b9149.2 crore, down 1.7% year-on-year. Gross margin improved to 39.4% from 37.6% in Q3 FY25, reflecting a favorable product mix and pricing discipline. EBITDA declined 15.4% year-on-year to \u20b934.3 crore, with EBITDA margin contracting to 9.1% from 10.0%.<\/p>\n\n\n\n<p>Adjusted profit after tax fell sharply to \u20b95.2 crore from \u20b912.1 crore a year earlier. Reported PAT declined 65.8% year-on-year to \u20b94.1 crore, impacted by one-time forex losses of \u20b92.7 crore and additional labor code-related expenses during the quarter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"329\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-3.png\" alt=\"\" class=\"wp-image-178817\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-3.png 602w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-3-300x164.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">SWOT Analysis<\/h2>\n\n\n\n<p>Strengths:<\/p>\n\n\n\n<p>Established brands with long market presence, backward-integrated manufacturing facilities, and a growing exclusive retail network.<\/p>\n\n\n\n<p>Weaknesses:<\/p>\n\n\n\n<p>Declining quarterly profitability, sensitivity to ForEx movements, and margin pressure during demand slowdowns.<\/p>\n\n\n\n<p>Opportunities:<\/p>\n\n\n\n<p>Expansion of exclusive brand stores, deeper penetration across Indian states, and diversified product portfolio across value and premium segments.<\/p>\n\n\n\n<p>Threats:<\/p>\n\n\n\n<p>Demand volatility in consumer durables, regulatory cost increases, competitive intensity, and export-related risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Segment &amp; Category Trends<\/h2>\n\n\n\n<p>During Q3 FY26, gas cooktops recorded 10.1% value growth despite a 20.4% volume decline. Pressure cookers posted 4.0% value growth with 9.6% volume expansion. Induction cooktops and small appliances reported value declines of 2.8% and 6.0%, respectively, while non-stick cookware saw a 27.0% value decline, partly due to lower exports. &nbsp;Pressure cookers and small appliances together contributed about 30% of revenue, while cooktops, hobs, and chimneys accounted for around 20%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Retail Footprint<\/h2>\n\n\n\n<p>The company reduced working capital days to 43 during the quarter. Its exclusive retail network expanded to 313 stores across 21 states and 138 cities, with 17 new stores added in Q3. Average monthly sales per store stood at about \u20b94.27 lakh. Management reiterated progress toward scaling the exclusive retail network to 500 stores by calendar year 2027 and stated that execution efficiency remains a key operational focus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Investors Are Watching<\/h2>\n\n\n\n<p>Investors are monitoring demand trends in core kitchen appliance categories, margin sensitivity to input costs and ForEx movements, and the pace of retail store expansion. Working capital discipline and the normalization of one-time expenses remain key variables.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stove Kraft Limited (NSE: STOVEKRAFT) reported weaker quarterly profitability for the three months ended December 31, 2025, amid softer revenues and margin compression. Revenue from operations declined 6.4% year-on-year to \u20b9378.4 crore in Q3 FY26, compared with \u20b9404.1 crore a year earlier. Sequentially, revenue fell 20.2% from \u20b9474.4 crore in Q2 FY26. Gross profit stood [&hellip;]<\/p>\n","protected":false},"author":2382,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,6351,392],"tags":[8818,10512,14570,10169,9175,14492,8971,9504,8969,15278,15276,15018,10089,15279,15274],"class_list":["post-178814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-consumer-stocks","category-earnings","tag-consumer-cyclical","tag-consumer-durables","tag-consumer-durables-sector-india","tag-earnings","tag-earnings-call","tag-financial-results","tag-fixtures","tag-fixtures-appliances","tag-furnishings","tag-kitchen-appliances-india","tag-midcap-stocks","tag-q3-fy26","tag-quarterly-earnings","tag-stock-analysis","tag-stovekraft"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178809,"url":"https:\/\/alphastreet.com\/india\/stove-kraft-limited-reports-6-4-revenue-decline-in-q3-fy26-amid-cookware-segment-sluggishness\/","url_meta":{"origin":178814,"position":0},"title":"Stove Kraft Limited Reports 6.4% Revenue Decline in Q3 FY26 Amid Cookware Segment Sluggishness","author":"Staff Correspondent","date":"January 31, 2026","format":false,"excerpt":"Stove Kraft Limited (NSE: STOVEKRAFT) The kitchen appliance manufacturer recorded a contraction in quarterly profitability and sales, pressured by one-time labor provisions and ForEx volatility. Despite the quarterly downturn, the company maintained gross margin expansion and continued its retail footprint expansion toward a 500-store target. Company reported a decrease in\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169735,"url":"https:\/\/alphastreet.com\/india\/stove-kraft-ltd-q1-fy26-earnings-results-25-rise-in-profits\/","url_meta":{"origin":178814,"position":1},"title":"Stove Kraft Ltd Q1 FY26 Earnings Results &#8211; 25% rise in Profits","author":"Chirag Gupta","date":"August 4, 2025","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Stove Kraft Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177084,"url":"https:\/\/alphastreet.com\/india\/epack-durable-ltd-shares-slip-after-q3-fy26-earnings-release\/","url_meta":{"origin":178814,"position":2},"title":"Epack Durable Ltd Shares Slip After Q3 FY26 Earnings Release","author":"Staff Correspondent","date":"January 21, 2026","format":false,"excerpt":"Epack Durable Ltd (NSE: EPACK, BSE: 544095) shares closed at around \u20b9260.8 on Wednesday, down approximately 2.4% from the prior session\u2019s close, following the company\u2019s announcement of its third quarter fiscal 2026 results. Market Capitalization At the close of trading, the company\u2019s market capitalization stood at approximately \u20b92,500 crore. Latest\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":173394,"url":"https:\/\/alphastreet.com\/india\/orient-electric-q3-fy26-earnings-results\/","url_meta":{"origin":178814,"position":3},"title":"Orient Electric Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 22, 2026","format":false,"excerpt":"Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Oreint-Electric-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180734,"url":"https:\/\/alphastreet.com\/india\/singer-india-reports-q3-fy26-profit-surge-of-approximately-257\/","url_meta":{"origin":178814,"position":4},"title":"Singer India reports Q3 FY26 profit surge of approximately 257%","author":"Staff Correspondent","date":"February 13, 2026","format":false,"excerpt":"Current Status Overview Singer India Ltd is an India-based consumer durables company engaged in sewing machines and home appliances. The company reported strong profit growth in Q3 FY26 alongside stable revenue expansion. It remains profitable on a trailing twelve-month basis. Debt levels remain moderate with a stable equity base. Operational\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177798,"url":"https:\/\/alphastreet.com\/india\/ifb-industries-q3-fy26-earnings-results\/","url_meta":{"origin":178814,"position":5},"title":"IFB Industries Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 27, 2026","format":false,"excerpt":"Executive Summary IFB Industries Ltd reported Q3FY26 revenues of \u20b91,375 crore, up 11.97% YoY, but consolidated net profit declined 26.47% to \u20b925 crore. Total expenses rose 12.64% YoY to \u20b91,337 crore, outpacing revenue growth and pressuring margins. Revenue & Growth Revenues increased to \u20b91,375.00 crore in Q3FY26 from \u20b91,228.00 crore\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/IF.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2382"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178814"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178814\/revisions"}],"predecessor-version":[{"id":178820,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178814\/revisions\/178820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}