Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q3 & 9MFY26 Earnings Presentation
31 slides from Stove Kraft's earnings presentation, Jan 31, 2026
Slide 1: Exchange Intimation Letter for Investor Presentation
31 January 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 f
Slide 2: Stove Kraft Limited Q3 & 9MFY26 Investor Presentation
STOVE KRAFT LIMITED Q3 & 9MFY26 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 & 9MFY26 Financial Performance
“ Q3 & 9MFY26 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 retail inflation (CPI) is at 1.33% India’s consumer durables market for Dec’25 , broadly along expected expected to grow at ~11% CAGR till lines and the average for the Q2 2025 is FY29 in long term : CII & EY 0.8% Urbanization and digitization are Export momentum has bee
Slide 6: Q3 & 9MFY26 Key Operational Highlights
Q3 & 9MFY26 Key Operational Highlights 01 Our flagship brand Pigeon recorded a growth of 9.7% CAGR for 3years, reflecting its continued popularity and trust among consumers 02 Revenue for 9MFY26 increased by 4.9% Y-O-Y, while the quarterly gross margin improved from 39.4% as compared to 37.6%, impro
Slide 7: Financial Snapshots
Financial Snapshots Sales EBITDA PAT +2.3% +6.7% -22.4% 404.1 40.5 12.1 361.6 378.4 34.3 30.1 6.8 4.1 Q3 FY24 Q3 FY25 Q3 FY26 Q3 FY24 Q3 FY25 Q3 FY26 Q3 FY24 Q3 FY25 Q3 FY26 Sales EBITDA PAT +7.1% +6.8% +16.1% 1,136.8 1,192.9 1,039.1 121.2 126.7 37.1 35.9 31.5 94.0 9M FY24 9M FY25 9M FY26 9M FY24 9M
Slide 8: Q3FY26 Performance (Y-o-Y)
Q3FY26 Performance (Y-o-Y) Q3FY26 Q3FY26 Q3FY26 Q3FY26 Revenues Gross Profit EBITDA PAT1 INR 378.4 crores INR 149.2 crores INR 34.3 crores INR 4.1 crores - 6.4 % -1.7 % -15.4 % - 65.8 % Q3 FY26 growth in Product Category Revenue Breakup: Q3 FY26 Growth Val Growth Vol Product Category (YoY) (Y-o-Y) 2
Slide 9: 9MFY26 Performance (Y-o-Y)
9MFY26 Performance (Y-o-Y) 9MFY26 9MFY26 9MFY26 9MFY26 Revenues Gross Profit EBITDA PAT1 INR 1192.9 crores INR 462.4 crores INR 126.7 crores INR 35.9 crores + 4.9 % + 7.1 % + 4.5 % -3.0 % 9M FY26 growth in Product Category Revenue Breakup: 9M FY26 Growth Val Growth Vol Product Category (YoY) (Y-o-Y)
Slide 10: Healthy Financial Position
Healthy Financial Position Improving ROCE & ROE 43 64 59 25.0% 8.2% 7.5% 7.8% 144 20.0% 137 133 15.0% 12.3% 12.3% 12.8% 124 113 114 10.0% 5.0% 0.0% FY24 FY25 9MFY26 ROCE ROE 40 30 33 Stable Debt Equity Ratio 0.90 9MFY26 FY25 FY 24 0.80 0.79 0.72 0.75 0.70 0.68 Inventory Days Receivable Days Payable
Slide 11: Q3 & 9MFY26 Consolidated Profit & Loss Statement
Q3 & 9MFY26 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9MFY26 9MFY25 Y-o-Y Revenue from Operations 378.4 404.1 -6.4% 474.4 -20.2% 1,192.9 1,136.8 4.9% Cost of Materials Consumed 204.2 237.9 259.5 663.6 657.5 Purchase of stock-in-trade
Slide 12: Updates on Exclusive Retail Channel
Updates on Exclusive Retail Channel Expanded into 17 new cities this quarter, further strengthening our presence across key regions and reinforcing our footprint and brand presence in emerging markets 313 145,398 310,132 ₹ 4.27 Stores units sold lakh per store/per month 313 stores operational in 21
Slide 13: Elevating brand appeal to drive a lasting impact
Elevating brand appeal to drive a lasting impact 12
Slide 14: Marketing Initiative: Creating Connections
Marketing Initiative: Creating Connections Sharpening the Digital edge Building a narrative through PR 13
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 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 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-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 19: Professional Management Team
Professional Management Team Mr. Rajendra Gandhi Mrs. Neha Gandhi, Managing Director Executive Director • Founder of Stove Kraft with over 22 years of experience • Holds a Bachelor’s Degree in Business Administration from Christ University (Bengaluru) and completed Post Graduation Certificate • Entr
Slide 20: 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 21: 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 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 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 Frying Pan Cookware Appachetty Kadai O
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.) 1,364 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 26: 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 Cash Flow from Operations (Rs. Crs.) 103 113 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 27: 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 28: 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 29: 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 30: 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 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