Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q4 FY25 Earnings Presentation
36 slides from Stove Kraft's earnings presentation, May 22, 2025
Slide 1: Exchange filing cover letter for conference call investor presentation
22 May 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 for C
Slide 2: Stove Kraft Limited Q4 & FY25 Investor Presentation
STOVE KRAFT LIMITED Q4 & FY25 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: Q4 & FY25 Financial Performance
PERFORMANCE “ Q4 & FY25 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 market India’s retail inflation (CPI) further expected to grow at ~11% CAGR till improves to 3.3% in Mar’25 from FY29 : CII & EY 5.2% in Dec’24 Expansion of middle class and Above normal 2025 monsoon, with accelerating trends of nuclear rainfall at 105%
Slide 6: Q4FY25 Key Operational Highlights
Q4FY25 Key Operational Highlights 01 Return ratios continue a steady recovery with ROCE at 16.4% and ROE at 10.9% for the quarter During the quarter 32 exclusive pigeon retail stores were added (20 of them are on COCO model and 12 02 under franchisee model) Quarterly 03 Gross Margin improved to 38.6
Slide 7: Financial Snapshots
Financial Snapshots Sales Gross Profit -3.8% +0.1% 325.2 313.0 120.7 120.8 261.3 278.1 89.4 78.4 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 EBITDA PAT +18.8% 8.6 29.5 24.8 -45.5% 2.7 1.5 15.5 5.9 -6.0 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 * Impact in PA
Slide 8: Q4 FY25 Performance (Y-o-Y)
Q4 FY25 Performance (Y-o-Y) Q4FY25 Q4FY25 Q4FY25 Q4FY25 Gross Profit EBITDA Revenues PAT* INR 120.8 crores INR 29.5 crores INR 313.0 crores INR 1.5 crores +0.1 % +18.8% -3.8% -45.5% Q4 FY25 growth in Product Category Revenue Breakup: Q4 FY25 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 20% ➢
Slide 9: FY25 Performance (Y-o-Y)
FY25 Performance (Y-o-Y) FY25 FY25 FY25 FY25 Revenues Gross Profit EBITDA PAT* INR 1449.8 crores INR 552.5 crores INR 150.7 crores INR 38.5 crores +6.3% +9.6% +26.8% +12.8% FY25 growth in Product Category Revenue Breakup: FY25 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 21% ➢ Small Applianc
Slide 10: Healthy Financial Position
Healthy Financial Position Improving ROCE & ROE 64 59 62 18.0% 16.0% 16.5% 15.4% 16.4% 144 14.0% 14.6% 14.8% 12.3% 133 12.0% 12.5% 11.5% 12.3% 10.9% 10.9% 10.0% 9.6% 10.5% 113 114 8.0% 8.0% 7.8% 7.3% 101 6.0% 4.0% 79 2.0% 0.0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ROCE ROE
Slide 11: Q4 & FY25 Consolidated Profit & Loss Statement
Q4 & FY25 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 313.0 325.2 -3.8% 404.1 -22.5% 1449.8 1364.3 6.3% Cost of Materials Consumed 173.7 188.8 237.9 831.2 813.0 Purchase of stock-in-trade 20.2 25.
Slide 12: Q4 & FY25 Consolidated Balance Sheet
Q4 & FY25 Consolidated Balance Sheet Equity and Liabilities (Rs. Crs.) 31-Mar-25 31-Mar-24 Assets (Rs. Crs.) 31-Mar-25 31-Mar-24 Equity share capital 33.1 33.1 Property, plant and equipment 458.5 396.6 Other equity 437.8 406.2 Capital work-in-progress 22.6 29.6 Total Equity 470.8 439.2 Intangible As
Slide 13: Q4 & FY25 Consolidated Cashflow Statement
Q4 & FY25 Consolidated Cashflow Statement Cash Flow Statement (Rs. Crs.) Mar-25 Mar-24 Cash Flow from Operating Activities Profit before Tax 49.8 45.6 Adjustment for Non-Operating Items 106.0 84.4 Operating Profit before Working Capital Changes 154.8 129.9 Changes in Working Capital -12.5 -5.0 Cash
Slide 14: Updates on Exclusive Retail Channel
Updates on Exclusive Retail Channel Expanded into 3 new states and 18 new cities this quarter, further strengthening our presence across key regions and reinforcing our footprint and brand presence in emerging markets 262 103,476 232,920 ₹ 3.61 Stores units sold lakh per store/per month 262 stores o
Slide 15: Category Expansion Powered by Awareness, Education & High-Impact Launches
Category Expansion Powered by Awareness, Education & High-Impact Launches Expanded and consistent social media presence Customer Education and Connect • Cast Iron Cookware was launched across digital platforms and outdoor hoardings, positioned as a durable, health-forward cookware solution built for
Slide 16: Omnichannel Launch Campaign for New Grooming Range
Omnichannel Launch Campaign for New Grooming Range Retail display Newspaper ad • Launched Pigeon’s grooming range with a digital-first approach strategy • In the personal care segment, we introduced our next-gen BLDC Hair Dryer with 5-in-1 styling capability, along with a precision Men’s Trimmer—mar
Slide 17: Strengthening Market Presence Through Quick Commerce Entry
Strengthening Market Presence Through Quick Commerce Entry Strategic category-building partnership with leading Quick-Commerce Platforms 16
Slide 18: Awards & Accolades
AWARDS & ACCOLADES PIGEON EXCLUSIVE STORES Bagged multiple prestigious awards & accolades at national forums like – Indian Kitchen Congress, Economic Times, Asia Africa GCC Shopping Centre 17
Slide 19: Retail Footprint & Customer Happiness
RETAIL FOOTPRINT & CUSTOMER HAPPINESS 3,59,600+ Happy Customers Presence in 20 states Stores in 91 cities 60+ franchisees operational 18
Slide 20: About Stove Kraft Limited
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill ABOUT STOVE KRAFT LIMITED
Slide 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: Historical Financials
“ ” Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill Historical Financials
Slide 30: 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 31: 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 Cash Flow from Operations (Rs. 116 113 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 32: 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 33: 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 34: 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 35: 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 49.8 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 36: 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 Mr. Irfa