Stove Kraft Limited has informed the Exchange about Transcript
STOVEKRAFT · price
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Awaiting price reaction for this filing.
Stove Kraft reported Q1 FY26 revenue of Rs. 340.1 crore (+8.2% YoY, +8.7% QoQ), with EBITDA margin at 10.5% (+12.5% YoY) and PAT at Rs. 3.1% margin (+27.2% YoY, +620.5% QoY). Exports contributed 20% of revenue, growing 14% YoY. Management guided for gross margins to reach 40% (currently ~38%), EBITDA margin to improve by at least 1% over last year, and full-year export growth of ~50% versus Rs. 160 crores base. Channel mix was led by e-commerce (32%) and general trade (26%). IKEA manufacturing partnership is on track for Q4 FY26 dispatches, with potential of Rs. 200-300 crores over next 2-3 years and full-scale contribution from FY28. Net debt stands at ~Rs. 220 crores, with management aiming to become near debt-free via strong operating cash flows. New product categories including cast iron cookware (Rs. 177 million in Q1), chimneys, and personal care appliances are gaining traction.
Positive: management's clear margin expansion roadmap (40% gross margin target), strong export growth visibility, and debt reduction trajectory should support investor confidence. The IKEA partnership adds a meaningful multi-year growth lever starting FY27-28.