Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q2 & H1 FY26 Earnings Presentation
34 slides from Stove Kraft's earnings presentation, Nov 3, 2025
Slide 1: Cover letter to exchanges for conference call investor presentation
03 November 2025 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543260 NSE Symbol: STOVEKRAFT Dear Sir / Madam, Sub: Investor Presentation
Slide 2: Stove Kraft Limited Q2 & H1FY26 Investor Presentation
STOVE KRAFT LIMITED Q2 & H1FY26 INVESTOR PRESENTATION
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Stove Kraft Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induce
Slide 4: Q2 & H1FY26 Financial Performance
“ Q2 & H1FY26 FINANCIAL ” PERFORMANCE The only way to do great work is to love what you do - Steve Jobs
Slide 5: Macro Economy Update
Macro Economy Update India’s consumer durables market India’s retail inflation (CPI) fell to an expected to grow at ~11% CAGR till 8-year low of 1.54% in Sept’25 FY29 : CII & EY India’s consumer spending is poised Rationalized GST rates are expected for robust growth, propelled by the to enhance ind
Slide 6: Q2 & H1FY26 Key Operational Highlights
Q2 & H1FY26 Key Operational Highlights 01 Revenue has grown by 13.4% YoY and 39.5% QoQ in Q2 FY26 with healthy mix of Volume & Value 02 Gross Margin continuous to remain stable above 38.5%, in-line with our target for the full year. EBIDTA stands at Rs. 56.8 cr improved by 15.8% compared to same per
Slide 7: Financial Snapshots
Financial Snapshots Sales EBITDA PAT +11.8% +19.3% 56.8 +13.9% 474.4 21.4 418.3 49.0 379.8 39.9 16.5 16.7 Q2 FY24 Q2 FY25 Q2FY26 Q2 FY24 Q2 FY25 Q2FY26 Q2 FY24 Q2 FY25 Q2FY26 Sales EBITDA PAT +9.6% 814.5 +20.3% +13.5% 732.8 92.4 31.8 677.5 80.7 24.7 24.9 63.9 H1 FY24 H1 FY25 H1 FY26 H1 FY24 H1 FY25
Slide 8: Q2FY26 Performance (Y-o-Y)
Q2FY26 Performance (Y-o-Y) Q2FY26 Q2FY26 Q2FY26 Q2FY26 Revenues Gross Profit EBITDA PAT INR 474.4 crores INR 182.8 crores INR 56.8 crores INR 21.4 crores + 13.4 % + 14.4 % + 15.8 % + 27.8 % Q2 FY26 growth in Product Category Revenue Breakup: Q2 FY26 Growth Val Growth Vol Product Category (YoY) (Y-o-
Slide 9: H1FY26 Performance (Y-o-Y)
H1FY26 Performance (Y-o-Y) H1FY26 H1FY26 H1FY26 H1FY26 Revenues Gross Profit EBITDA PAT INR 814.5 crores INR 313.1 crores INR 92.4 crores INR 31.8 crores + 11.2 % + 11.9 % + 14.5 % + 27.6 % H1 FY26 growth in Product Category Revenue Breakup: H1 FY26 Growth Val Growth Vol Product Category (YoY) (Y-o-
Slide 10: Healthy Financial Position
Healthy Financial Position Improving ROCE & ROE 51 64 59 18.00% 15.50% 16.00% 144 14.00% 12.30% 12.30% 128 133 12.00% 10.10% 10.00% 7.80% 8.20% 114 113 114 8.00% 6.00% 4.00% 2.00% 0.00% FY24 FY25 H1 FY26 ROCE ROE 37 40 33 Stable Debt Equity Ratio 0.9 0.79 0.8 0.72 H1FY26 FY25 FY 24 0.7 0.6 0.52 Inve
Slide 11: Q2 & H1FY26 Consolidated Profit & Loss Statement
Q2 & H1FY26 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue from Operations 474.4 418.3 13.4% 340.1 39.5% 814.5 732.8 11.2% Cost of Materials Consumed 259.5 243.9 199.8 459.3 419.6 Purchase of stock-in-trade 17.0
Slide 12: Q2 & H1FY26 Consolidated Balance Sheet
Q2 & H1FY26 Consolidated Balance Sheet Equity and Liabilities (Rs. Crs.) 30-Sep-25 31-Mar-25 Assets (Rs. Crs.) 30-Sep-25 31-Mar-25 Equity share capital 33.1 33.1 Property, plant and equipment 459.2 458.5 Other equity 461.3 437.8 Capital work-in-progress 66.2 22.6 Total Equity 494.4 470.8 Intangible
Slide 13: Q2 & H1FY26 Consolidated Cashflow Statement
Q2 & H1FY26 Consolidated Cashflow Statement Cash Flow Statement (Rs. Crs.) Sep-25 Sep-24 Cash Flow from Operating Activities Profit before Tax 40.5 32.8 Adjustment for Non-Operating Items 52.3 48.8 Operating Profit before Working Capital Changes 92.8 81.6 Changes in Working Capital 20.8 5.5 Cash Gen
Slide 14: Updates on Exclusive Retail Channel
Updates on Exclusive Retail Channel Expanded into 10 new cities this quarter, further strengthening our presence across key regions and reinforcing our footprint and brand presence in emerging markets 296 164,720 257,566 ₹ 3.81 Stores units sold lakh per store/per month 296 stores operational in 21
Slide 15: Lifting Brand Appeal and Customer Dialogue
Lifting Brand Appeal and Customer Dialogue 14
Slide 16: New Product Introductions & Social Media Marketing
New Product Introductions & Social Media Marketing BLDC Hair Dryer – Showcase Reel Independence Day – Reel Cast- Iron Reel Friendship Day - Reel 15
Slide 17: New Product Launches
New Product Launches Tesla Electric Kettle Idiyappam Maker Pure Slow Juicer Electric Chopper & Coffee Maker Hair Trimmer & 9in1 Electric Nutri Blender Rice Cooker & Glacier Bottle All Clad Tri-Ply Pressure Cooker Cleaning brush 16
Slide 18: About Stove Kraft Limited
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill ABOUT STOVE KRAFT LIMITED
Slide 19: Key Milestones
Key Milestones Granted trademark Investments by SIDBI Commenced exports to Achieved sales of 9.1 IPO with listing on registrations for Gilma Commenced production at retailers in the USA million units NSE and BSE Harohalli facility 2001 2008 2014 2018 2021 1999 2003 2010 2015 2019 2022 Incorporated S
Slide 20: Diverse range of products across consumer preferences
Diverse range of products across consumer preferences… Cookware–Pressure cooker, wonder cast cookware, non-stick cookware, electric rice cookers and titanium hard anodized LPG Stoves Small appliances – Food cookware processors, juicers, hand LED bulbs Massage apparatus blenders, hand mixers, mini Co
Slide 21: State of the Art Manufacturing Facilities with focus on quality
State of the Art Manufacturing Facilities with focus on quality Baddi, Himachal Pradesh Comprising of 13 personnel and tie- Dedicated in-house ups with foreign companies for R&D facility technology enablement Focus on quality Sourcing of raw materials ISO 9001:2015 certified is maintained at Product
Slide 22: Professional Management Team
Professional Management Team Mr. Rajendra Gandhi Mrs. Neha Gandhi, Mr. Ramakrishna Pendyala Managing Director Executive Director Chief Financial Officer • Founder of Stove Kraft with over 22 years of • Holds a Bachelor’s Degree in Business Administration • He holds a bachelor’s degree in commerce an
Slide 23: Board of Directors
Board of Directors Mr. Rajendra Gandhi Mrs. Sunita Gandhi, Mrs. Neha Gandhi, Mr. Natrajan Ramakrishna Managing Director Non-Executive Director Executive Director Independent Director • Founder of Stove Kraft with over 22 years • She is promoter of the Company and • Holds a Bachelor’s Degree in Busin
Slide 24: Shift in Consumption Patterns & Favorable Governments Policies
Shift in Consumption Patterns & Favorable Governments Policies Indian Consumer Appliance Market expected to grow @CAGR of ~9% Key Growth Drivers (INR Bn) Indian Appliance and Kitchen Appliances Market Consumer Electronics (ACE) Market LCA SCA Non Stick Cookware 01 Moving towards Aspirational Lifesty
Slide 25: Indian Large & Small Cooking Appliance Market
Indian Large & Small Cooking Appliance Market Increasing Market for Large Cooking Appliances (LAC) Increasing Trend by Sub Segments – Value (INR Billion) Large Cooking Appliances 8 21,761 7 52 18,313 19,955 6 45 15,453 16,817 6 39 14,209 5 34 53 202 5 29 46 SKL is the market 179 25 34 39 159 30 lead
Slide 26: Non-Stick Cookware and Indian Household Utility Products
Non – Stick Cookware and Indian Household Utility Products Increasing Market for Non-Stick Cookware Types of Non-Stick Cookware Used (%) in 2020 11,389 16.8% 74.1% 10,367 67.0% 9,437 8,590 9.9% 56.2% 7,819 7,117 35.1% 21.0 18.0 6.4% 13.2 15.4 1.9% 1.3% 9.7 11.3 Paniyarakk Appachetty Frying Pan Cookw
Slide 27: Historical Financials
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill Historical Financials
Slide 28: Consolidated Operating Performance
Consolidated Operating Performance Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,364 1,450 151 56 1,284 1,136 119 99 39 95 36 34 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross Profit Margins EBITDA Margins PAT Margins 36.9% 38.1% 10.4% 4.9% 31.9% 32.7% 8.7% 8.3% 7.7% 2.8%
Slide 29: Key Financial Metrics
Key Financial Metrics RoCE 16.7% 16.4% 12.0% 12.3% Working Capital (in Days) Working 63 59 64 Capital (in Days) Mar-22 Mar-23 Mar-24 Mar-25 144 136 116 113 Cash Flow from Operations (Rs. Crs.) 103 80 130 113 40 39 76 33 Mar-23 Mar-24 Mar-25 -5 Inventory Debtors Creditors* Mar-22 Mar-23 Mar-24 Mar-25
Slide 30: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY25 FY24 FY23 FY22 Revenue from Operations 1449.8 1,364.3 1,283.8 1,136.4 Cost of Materials Consumed 831.2 813.0 746.1 702.6 Purchase of stock-in-trade 92.8 101.7 113.8 110.9 Changes in Inventories of Finished Goods and Work in P
Slide 31: Historical Balance Sheet- 1/2
Historical Balance Sheet- 1/2 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Equity share capital 33.1 33.1 33.0 32.9 Other equity 437.8 406.2 370.3 331.1 Total Equity 470.8 439.2 403.4 364.0 Financial liabilities Borrowings 0.0 4.9 10.0 15.3 Lease Liabilities 151.9 101.9
Slide 32: Historical Balance Sheet- 2/2
Historical Balance Sheet- 2/2 ASSETS (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Property, plant and equipment 458.5 396.6 362.4 309.4 Capital work-in-progress 22.6 29.6 9.5 9.2 Intangible assets 9.0 3.0 4.0 3.0 Right to Use Assets 159.7 110.5 35.6 0.0 Goodwill on Amalgamation 0.0 0.1 0.1 0.0
Slide 33: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.). Mar-25 Mar-24 Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 48.8 45.6 47.3 62.5 Adjustment for Non-Operating Items 106.0 84.4 52.9 46.0 Operating Profit before Working Capital Changes 154.8 129.9 100.1 108.5 Changes
Slide 34: Thank You
Thank You Investor Relations Advisors : CIN: L29301KA1999PLC025387 MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Parth Patel : Email id - parth.patel@in.mpms.mufg.com Contact Person: Mr. Shrinivas P H - Company Secretary Ms. Vidh