Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q4 FY26 Earnings Presentation
31 slides from Stove Kraft's earnings presentation, May 12, 2026
Slide 1: Cover letter to stock exchanges for investor presentation
12 May 2026 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 & FY26 Investor Presentation
STOVE KRAFT LIMITED Q4 & FY26 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 & FY26 Financial Performance
& Q4 &FY26 FINANCIAL PERFORMANCE oe 6M a Set ze ai es, Ean, oy Qs: ey lana 66 The only way to do great work is to love what you do 99 - Steve jobs
Slide 5: Macro Economy Update
Macro Economy Update India’s consumer durables market India’s retail inflation (CPI) at expected to grow at ~11% CAGR till 3.4% in Mar’26 FY29 in long term : CII & EY US tariffs reduction from 50% to 18% Supply uncertainty for LPG cylinders is a positive tailwind to support export amid Middle East t
Slide 6: Q4 & FY26 Key Operational Highlights
Q4 & FY26 Key Operational Highlights 01 Our flagship brand Pigeon recorded a growth of 11.6% CAGR for FY26 and 16.7% CAGR for Q4FY26 for 3 years, reflecting its continued popularity and trust among consumers 02 The company recorded a 10.9% YoY increase in revenue in FY26, with Q4 FY26 revenue rising
Slide 7: Financial Snapshots
Financial Snapshots Sales EBITDA PAT +12.9% p.a. +26.1% 414.5 39.5 +49.7% 6.1 325.2 313.0 29.5 24.8 2.7 1.4 Q4 FY24 Q4 FY25 Q4FY26 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FY24 Q4 FY25 Q4 FY26 Sales EBITDA PAT +8.5% p.a. +18.3% p.a. +11.0% p.a. 1,607.4 166.1 42.0 1,364.3 1,449.8 150.7 38.5 118.8 34.1 FY24 FY25 FY
Slide 8: Q4FY26 Performance (Y-o-Y)
Q4FY26 Performance (Y-o-Y) Q4FY26 Revenues Q4FY26 Gross Profit Q4FY26 EBITDA Q4FY26 PAT1 INR 414.5 crores INR 160.2 crores INR 39.5 crores INR 6.1 crores 32.4 % 32.6 % 33.9 % 317.8% Q4 FY26 growth in Product Category Revenue Breakup: Q4 FY26 Growth Val Growth Vol Product Category 22% (YoY) (Y-o-Y) I
Slide 9: FY26 Performance (Y-o-Y)
FY26 Performance (Y-o-Y) FY26 Revenues FY26 Gross Profit FY26 EBITDA FY26 PAT1 INR 1607.4 crores INR 622.5 crores INR 166.1 crores INR 42 crores 10.9 % 12.7 % 10.3 % 9.1 % FY26 growth in Product Category Revenue Breakup: FY26 Growth Val Growth Vol Product Category 21% (YoY) (Y-o-Y) Induction Cooktop
Slide 10: Healthy Financial Position
Healthy Financial Position Working Capital Cycle Improving ROCE & ROE Stable Debt Equity Ratio 59 64 24 15.3% 0.79 2,300 15.1% 0.78 2,250 0.77 0.76 2,200 0.75 15.4 0.74 2,150 15.2 0.73 0.72 2,100 15.0 0.71 2,050 0.70 14.8 0.69 2,000 0.68 14.6 0.67 1,950 14.4 0.66 1,900 0.65 144 14.2 0.64 1,850 0.63
Slide 11: Overview of financials
Overview of financials Brand Wise Sales FY26 (In Crs) FY26 Profit & Loss Impact (In Crs) 70.2 1,565 20 7.6 1,418 167 CAGR - 1,337 47 3.9% 6.2 77 161 2.4 51.0 2.0 1.0 154 1,379 CAGR - 1,210 11.6% 1,106 FY2024 FY2025 FY2026 Normalised Unrealized Realized Delay charges Air frieght Gratuity PBT as per P
Slide 12: Q4 & FY26 Consolidated Profit & Loss Statement
Q4 & FY26 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 414.5 313.0 32.4% 378.4 9.6% 1,607.4 1,449.8 10.9% Cost of Materials Consumed 238.8 173.7 204.2 902.4 831.2 Purchase of stock-in-trade 23.2 20
Slide 13: Q4 & FY26 Consolidated Balance Sheet
Q4 & FY26 Consolidated Balance Sheet Equity and Liabilities (Rs. Crs.) 31-Mar-26 31-Mar-25 Assets (Rs. Crs.) 31-Mar-26 31-Mar-25 Equity share capital 33.1 33.1 Property, plant and equipment 519.0 458.5 Other equity 471.1 437.8 Capital work-in-progress 14.8 22.6 Total Equity 504.2 470.8 Intangible As
Slide 14: Q4 & FY26 Consolidated Cashflow Statement
Q4 & FY26 Consolidated Cashflow Statement Cash Flow Statement (Rs. Crs.) Mar-26 Mar-25 Cash Flow from Operating Activities Profit before Tax 51.0 48.8 Adjustment for Non-Operating Items 99.3 106.0 Operating Profit before Working Capital Changes 150.2 154.8 Changes in Working Capital 119.2 -12.5 Cash
Slide 15: Channel-Wise Performance Highlights
Channel-Wise Performance Highlights Q4 FY26 Channel Wise division Channels GT MR ECOM Own Retail OEM Revenue Break Up (%) 32.3% 11.3% 34.0% 9.0% 8.7% Expanded into 13 new cities this quarter, further strengthening our presence across key regions and reinforcing our footprint and brand presence in em
Slide 16: Digital Strategy for Business Growth
Digital Strategy for Business Growth Social Media & Performance Marketing Largest Influencer Marketing Program in the New Stovekraft Website Launched Always-on, digital surround and meeting customers Industry + IDEA Award 2026 Stovekraft launched a new, user-friendly website - a throughout their dec
Slide 17: Marquee Campaigns Delivering Measurable Impact
Marquee Campaigns Delivering Measurable Impact InstaMami Campaign: A Blockbuster Success! 2026 Year End Sale Campaign PR Coverage High-voltage Omni channel brand campaign featuring Nationwide influencer & digital push for ₹2026 combos, PR initiatives boosted brand visibility through media ‘InstaMami
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 million units Commenced production at Introduce Retail registrations for Gilma retailers in the USA & LED Plant in Bangalore & Inner Harohalli facility Channel from Lid Cooker Plant in Baddi, HP Bangalor
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 cookware LPG Stoves Massage apparatus LED bulbs Cooktops and other kitchen solutions –Hobs, glass cooktops, stainless steel cook
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 18 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 • Holds a Bachelor’s Degree in Business • He holds a bachelor’s degree in commerce of experience Admini
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: Historical Financials
= Historical Financials
Slide 25: Consolidated Operating Performance
Consolidated Operating Performance Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,607 166 42 1,450 151 39 1,284 1,364 36 34 119 99 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Gross Profit Margins EBITDA Margins PAT Margins 36.9% 38.1% 38.7% 10.4% 10.3% 2.8% 2.7% 2.5% 2.6% 32.
Slide 26: Key Financial Metrics
Key Financial Metrics RoCE 12.3% 12.3% 13.0% 12.0% Working Capital (in Days) Working 59 64 24 Capital (in Days) Mar-23 Mar-24 Mar-25 Mar-26 144 133 128 129 114 113 Cash Flow from Operations (Rs. Crs.) 255 40 33 130 25 113 76 Mar-24 Mar-25 Mar-26 Mar-23 Mar-24 Mar-25 Mar-26 Inventory Debtors Creditor
Slide 27: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY26 FY25 FY24 FY23 Revenue from Operations 1,607.4 1449.8 1,364.3 1,283.8 Cost of Materials Consumed 902.4 831.2 813.0 746.1 Purchase of stock-in-trade 74.6 92.8 101.7 113.8 Changes in Inventories of Finished Goods and Work in Pr
Slide 28: Historical Balance Sheet 1/2
Historical Balance Sheet- 1/2 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 Equity share capital 33.1 33.1 33.1 33.0 Other equity 471.1 437.8 406.2 370.3 Total Equity 504.2 470.8 439.2 403.4 Financial liabilities Borrowings 1.6 0.0 4.9 10.0 Lease Liabilities 35.3 151.9 10
Slide 29: Historical Balance Sheet 2/2
Historical Balance Sheet- 2/2 ASSETS (Rs. Crs.) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 Property, plant and equipment 519.0 458.5 396.6 362.4 Capital work-in-progress 14.8 22.6 29.6 9.5 Intangible assets 1.6 9.0 3.0 4.0 Right to Use Assets 62.4 159.7 110.5 35.6 Goodwill on Amalgamation 0.0 0.0 0.1 0
Slide 30: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.). Mar-26 Mar-25 Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 51.0 48.8 45.6 47.3 Adjustment for Non-Operating Items 99.3 106.0 84.4 52.9 Operating Profit before Working Capital Changes 150.2 154.8 129.9 100.1 Changes
Slide 31: 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 Ms. Vidhi Vasa : Email id - vidhi.vasa@in.mpms.mufg.com Contact Person: Mr. Shrinivas P H - Company Secretary Mr. Parth