Stove Kraft bets on induction, cooking appliances for FY27 growth above 15%
Bengaluru-based Stove Kraft is tripling capacity and leaning on induction cooktops, cooking appliances, and a new IKEA supply tie-up to drive FY27 revenue growth above 15%. EBITDA margins seen above 11%; exports to rise to 12-13% from 9%, with replacement demand cited as a key tailwind.
What happened
Stove Kraft expects induction cooktops and cooking appliances to drive FY27 growth above 15%, backed by tripled capacity, replacement demand, and a new supply
Key facts
- 15% induction contribution last year
- ~30% sales from cooking appliances
- EBITDA margin >11%
- exports to rise to 12-13% from 9%
- stock ₹659.95
- market cap ₹2,184.26 crore
- FY27 revenue growth >15%
Why this matters
The IKEA supply partnership and export scale-up signal Stove Kraft is positioning as an outsourced manufacturing platform, opening adjacent OEM and private-label deal pathways in small appliances.