Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q3 FY2025 Earnings Presentation
31 slides from Stove Kraft's earnings presentation, Feb 3, 2025
Slide 1: Exchange filing letter for investor presentation
03 February 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 Q3 & 9MFY25 Investor Presentation
STOVE KRAFT LIMITED Q3 & 9MFY25 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: Q3 & 9MFY25 Financial Performance
PERFORMANCE “ Q3 & 9MFY25 FINANCIAL ” 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 India’s retail inflation (CPI) market expected to grow at moderates at 5.2% in Dec’24 ~11% CAGR : CII & EY from 6.2% in Oct’24 Nov’24, India's industrial output Increased demand for branded, reached a 6 M high, growing by compact, efficient, and multi-
Slide 6: Q3FY25 Key Operational Highlights
Q3FY25 Key Operational Highlights 01 Revenue has grown by 11.7% compared to same period last year with 3.7% volume growth in Kitchen & Home Appliances* 02 During the quarter 17 exclusive pigeon retail stores were added (15 of them are on COCO model & 2 of them are on FOFO model) 03 Sustained Gross M
Slide 7: Financial Snapshots
Financial Snapshots Sales Gross Profit +12% +9% 404.1 151.7 361.6 139.2 324.5 298.0 108.6 94.3 Q3 FY22 Q3 FY23 Q3 FY24 Q3 FY25 Q3 FY22 Q3 FY23 Q3 FY24 Q3 FY25 EBITDA PAT 35% 80% 40.5 12.1 11.1 30.1 26.4 7.8 21.5 6.8 Q3 FY22 Q3 FY23 Q3 FY24 Q3 FY25 Q3 FY22 Q3 FY23 Q3 FY24 Q3 FY25 * Impact in PAT & PB
Slide 8: Q3 FY25 Performance (Y-o-Y)
Q3 FY25 Performance (Y-o-Y) Q3FY25 Q3FY25 Q3FY25 Q3FY25 Revenues Gross Profit EBITDA PAT* INR 404.1 crores INR 151.7 crores INR 40.5 crores INR 12.1 crores +11.7% +9.0 % +34.7% +79.7% Q3 FY25 growth in Product Category Revenue Breakup: Q3 FY25 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 20%
Slide 9: 9M FY25 Performance (Y-o-Y)
9M FY25 Performance (Y-o-Y) 9MFY25 9MFY25 9MFY25 9MFY25 Revenues Gross Profit EBITDA PAT* INR 1,136.8 crores INR 431.7 crores INR 121.2 crores INR 37.1 crores +9.4% +12.6% +28.9% +17.7% 9M FY25 growth in Product Category Revenue Breakup: 9M FY25 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 2
Slide 10: Healthy Financial Position
Healthy Financial Position Improving ROCE & ROE 45 59 63 18.0% 16.5% 15.4% 16.0% 14.6% 14.8% 142 136 133 14.0% 12.5% 12.3% 12.3% 12.0% 114 10.0% 11.5% 10.9% 10.5% 8.0% 9.6% 101 8.0% 6.0% 7.8% 7.3% 4.0% 79 2.0% 0.0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ROCE ROE 39 40 40 Stable Debt
Slide 11: Q3 & 9MFY25 Consolidated Profit & Loss Statement
Q3 & 9MFY25 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9MFY25 9MFY24 Y-o-Y Revenue from Operations 404.1 361.6 11.7% 418.3 -3.5% 1136.8 1039.1 9.4% Cost of Materials Consumed 237.9 213.9 243.9 657.5 624.2 Purchase of stock-in-trade 22.
Slide 12: Updates on Exclusive Retail Channel
Updates on Exclusive Retail Channel Expanded into 3 new states and 12 new cities this quarter, further strengthening our presence across key regions and reinforcing our footprint and brand presence in emerging markets 230 107,646 243,572 ₹ 3.56 Stores units sold lakh per store/per month 230 stores o
Slide 13: Strengthening Brand with Smart Consumer Promotions
Strengthening Brand with Smart Consumer Promotions Digital Ads EBO - Google ads, Facebook & Instagram PAN India – Print Advertisements – Festive Campaign & New Year Sales 12
Slide 14: Driving Brand Awareness through Influencer Engagements
Driving Brand Awareness through Influencer Engagements Sunayana Fozdar - an Indian Nishita Goswami - an Indian Aparna Das - an Indian actress Anupama Gowda is an Indian actress who works actress and she primarily works in actress who acts mainly Assamese who acts mainly in Malayalam and in Kannada-l
Slide 15: About Stove Kraft Limited
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill ABOUT STOVE KRAFT LIMITED
Slide 16: 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 17: 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 18: 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- ups with foreign companies for house R&D technology enablement facility Focus on quality Sourcing of raw materials ISO 9001:2015 certified is maintained at Produc
Slide 19: 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 20: Professional Management Team
Professional Management Team 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 Degre
Slide 21: Shift in Consumption Patterns and Favorable Governments Policies
Shift in Consumption Patterns and 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 Lifes
Slide 22: Indian Large & Small Cooking Appliance Market
Indian Large & Small Cooking Appliance Market Increasing Market for Large Cooking Appliances Increasing Trend by Sub Segments – Value (INR (LAC) 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 23: 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 24: Historical Financials
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill Historical Financials
Slide 25: Consolidated Operating Performance
Consolidated Operating Performance Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,284 1,364 114 119 81 1,136 95 99 56 859 36 34 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Gross Profit Margins EBITDA Margins PAT Margins 35.0% 36.9% 13.2% 9.5% 31.9% 32.7% 8.3% 8.7% 7.7% 4.9% 2
Slide 26: Key Financial Metrics
Key Financial Metrics RoCE 28.9% Working Capital (in Days) 16.7% 12.0% 12.3% Working 63 59 Capital (in Days) Mar-21 Mar-22 Mar-23 Mar-24 136 Cash Flow from Operations (Rs. 116 103 Crs.) 80 110 113 76 40 39 Mar-23 Mar-24 -5 Inventory Debtors Creditors* Mar-21 Mar-22 Mar-23 Mar-24 Inventory days = Inv
Slide 27: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY24 FY23 FY22 FY21 Revenue from Operations 1,364.3 1,283.8 1,136.4 859.0 Cost of Materials Consumed 813.0 746.1 702.6 442.4 Purchase of stock-in-trade 101.7 113.8 110.9 125.2 Changes in Inventories of Finished Goods and Work in P
Slide 28: Historical Balance Sheet- 1/2
Historical Balance Sheet- 1/2 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 Equity share capital 33.1 33.0 32.9 32.6 Other equity 406.2 370.3 331.1 270.1 Total Equity 439.2 403.4 364.0 302.7 Financial liabilities Borrowings 4.9 10.0 15.3 20.7 Lease Liabilities 101.9 32.3
Slide 29: Historical Balance Sheet- 2/2
Historical Balance Sheet- 2/2 ASSETS (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 Property, plant and equipment 396.6 362.4 309.4 217.7 Capital work-in-progress 29.6 9.5 9.2 19.1 Intangible assets 3.0 4.0 3.0 3.2 Right to Use Assets 110.5 35.6 0.0 0.0 Goodwill on Amalgamation 0.1 0.1 0.0 0.0 F
Slide 30: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.). Mar-24 Mar-23 Mar-22 Mar-21 Cash Flow from Operating Activities Profit before Tax 45.6 47.3 62.5 81.2 Adjustment for Non-Operating Items 84.4 52.9 46.0 36.8 Operating Profit before Working Capital Changes 129.9 100.1 108.5 117.9 Changes
Slide 31: Thank You
Thank You Investor Relations Advisors : CIN: L29301KA1999PLC025387 Contact Person: Mr. Parth Patel Mr. Irfan Raeen Email Address: +91 98197 85972 +91 97737 78669 Mr. Shrinivas P H - Company Secretary shrinivas.ph@stovekraft.com parth.patel@linkintime.co.in irfan.raeen@linkintime.co.in