Stove Kraft Q1 FY27 revenue rises 41% to ₹480 crore; profit jumps 64%
Stove Kraft reported Q1 FY27 EBITDA growth of 50.9% to ₹53.8 crore, with margin at 11.2%. Induction cooktops surged 315.9% year-on-year and, alongside small appliances, contributed 27% each to revenue.
What happened
Stove Kraft reported strong Q1 FY27 growth, led by induction cooktops. Revenue rose 41.3% to ₹480 crore and profit increased 63.5% to ₹17 crore, while EBITDA
Key facts
- Net profit rose 63.5% year-on-year to ₹17 crore
- Revenue increased 41.3% to ₹480 crore
- EBITDA grew 50.9% to ₹53.8 crore
- EBITDA margin was 11.2%
- Induction cooktops grew 315.9% year-on-year
- Induction cooktops and small appliances each contributed 27% of revenue
- Non-stick cookware contributed 21% of revenue
- Pressure cookers contributed 19% of revenue
Why this matters
Induction cooktops’ 315.9% growth highlights a compelling adjacency in electrified kitchenware, making appliance-category partnerships or capability acquisitions strategically relevant.
What to watch
- Whether induction and small appliances retain a combined revenue share above 50% without higher discounting.
- Q2 channel inventory, festive sell-through and retailer reorder rates versus primary shipments.
- EBITDA margin movement relative to 11.2%, especially advertising, trade-spend and freight intensity.
- Raw-material and component-cost changes, including aluminium, steel, plastics and electronics inputs.
- Working-capital trends: receivable days, distributor inventory and operating cash-flow conversion.
- Competitive launches and pricing actions in induction cooktops, mixer-grinders and adjacent kitchen appliances.
- Increase retail visibility and dealer incentives for induction cooktops and small appliances ahead of festive demand.
- Bundle cookware with induction cooktops to lift basket size and convert existing Pigeon-brand households.
- Expand service coverage, warranty communication and spare-parts availability as appliance sales increase the installed base.
- Prioritize higher-margin premium SKUs and selectively reduce reliance on discount-led volume growth.
- Use improved earnings momentum to strengthen modern trade, e-commerce and regional distributor inventory availability.