Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q1 FY25 Earnings Presentation
31 slides from Stove Kraft's earnings presentation, Aug 12, 2024
Slide 1: Exchange filing cover letter for investor presentation
12 August 2024 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 fo
Slide 2: Stove Kraft Limited Q1 FY25 Investor Presentation
STOVE KRAFT LIMITED Q1 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: Q1 FY25 Financial Performance
Q1 FY25 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 Indian Economic Indicators looks India’s retail inflation (CPI) at promising 5.08% in Jun’24 Core Inflation at 5.10% in Demand in Domestic Market Jun’24 seen uplifted post Election IIP (Industriall Production Index) Increase in Rural spending is has seen a growth of 6.3% in expe
Slide 6: Q1FY25 Key Operational Highlights
Q1FY25 Key Operational Highlights 01 Revenue has grown by 5.6% compare to same period last year with 9.1% volume growth in Kitchen & Home Appliances 02 Introduced exclusive Pigeon Retail Stores under COFO Model. Till Q1, we have 23 Stores under COFO Model 03 Improved Gross Margin at 38.2% in Q1 FY25
Slide 7: Financial Snapshots
Financial Snapshots Sales Gross Margin +8.2% +5.6% +4% +1.3% +28.4% -1.4% 297.8 314.5 36.9% 38.2% 275.1 34.3% 32.9% 214.2 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY25 EBITDA Margin Profit after tax (PAT) +2.0% -40.3% -1.6% 9.4% +0.2% 10.1% 13.5 7.9% 8.1% +1.4% +0.1% 8.1 8.2 8.2 Q1
Slide 8: Q1 FY25 Performance (Y-o-Y)
Q1 FY25 Performance (Y-o-Y) Q1FY25 Q1FY25 Q1FY25 Q1FY25 Revenues Gross Profit EBITDA PAT* INR 314.5 crores INR 120.1 crores INR 31.7 crores INR 8.2 crores +5.6% +9.4% +32.1% +0.04% Q1 FY25 growth in Product Category Revenue Breakup: Q1 FY25 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 21% ➢
Slide 9: Q1FY25 Consolidated Profit & Loss Statement
Q1FY25 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Revenue from Operations 314.5 297.7 5.6% 325.2 -3.3% Cost of Materials Consumed 175.6 182.7 188.8 Purchase of stock-in-trade 20.5 26.7 25.4 Changes in Inventories of Finished Goods and
Slide 10: Updates on Exclusive Retail Channel
Updates on Exclusive Retail Channel Launched new store in Punjab and expansion continued in existing markets, fortifying our position in NCR and South India enabling the brand to tap into new markets and attract a wider customer base 191 88,399 125,347 23 Stores Stores units sold 191 Stores operatio
Slide 11: New Product Launch
New Product Launch INTRODUCTION Stovekraft introduces ‘Electra’ the Ultimate Electric Pressure Cooker system under Pigeon Brand Electra - Unlocking Culinary Creativity and redefining Cooking Convenience By adminnxn - i > ae
Slide 12: New Product Launch (2/4)
New Product Launch (2/4) Pigeon Cosmic Series Glass Cooktops – Ultra-Slim Elegant Design with unparalleled safety which comes with Forged SABAF Brass Burners 4 ring high-heat blue flame, Bi-Metal Hybrid SABAF Mixing Tubes & precise flame controlled SABAF Valves along with toughened glass, Slim & Ele
Slide 13: New Product Launch (3/4)
New Product Launch (3/4) Pigeon 12Ltrs Aifryer OTG – is a revolutionary Airfryer+OTG designed to enhance home cooking by Pigeon Jumbo Sandwich Griller – Perfect Large sized Griller with Oil collector and offering versatile functions of an Airfryer as well as an Oven, 9 pre-set menus, precise tempera
Slide 14: New Product Launch (4/4)
New Product Launch (4/4) Pigeon Nutri Master 2 & 3 Jar – Perfect morning companion for Juicing, Blending Pigeon Air Turbo Vacuum Cleaner – High Suction (18kPa), Hepa Filter, Easy to Carry, and Healthy living. 2 Accessory for a compact vacuuming space. PigeonTitan Heavy Weight Iron – 1.8KG true heavy
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-ups Dedicated in-house with foreign companies for technology R&D facility enablement Focus on quality is Sourcing of raw materials ISO 9001:2015 certified maintained at all Prod
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 experience • Holds a Bachelor’s Degree in Business Administration • He holds a bachelor’s degree in
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 (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 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 9.9% 8,590 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