Stove Kraft Q1 FY27 Earnings Call Transcript Released
Stove Kraft reported a strong Q1 FY27 with revenue up 41.3% to ₹480.6 crore. PAT grew 63.5% to ₹17.1 crore. The company achieved this despite headwinds, driven by strong performance in Induction Cooktops and other categories. They anticipate continued growth and margin improvement, targeting 7-8% PAT margin in 2-3 years.
The announcement details strong financial performance, including significant revenue and profit growth, margin expansion, and positive outlook for future quarters. This indicates a material positive development for the company's investors.
The company reported its strongest ever first quarter performance with significant year-on-year growth in revenue, gross profit, EBITDA, and PAT, along with margin expansion. Management expressed confidence in future growth prospects driven by strategic initiatives and market conditions.
Stove Kraft Limited has released the transcript of its Q1 FY27 earnings conference call, which was held on August 04, 2026. The call featured management including Managing Director Mr. Rajendra Gandhi, CFO Mr. Subhadeep Pal, and Vice Chairperson Mr. Chandru Kalro.
During the call, the management reported their strongest ever first quarter performance since inception, with revenue growing by 41.3% year-on-year. This growth was achieved despite global economic uncertainties, supply chain disruptions, and commodity price volatility. The company highlighted strong momentum across its general trade business, expanding retail footprint, and premiumization-led product innovation. Key product categories like Induction Cooktop saw exceptional growth of 315.9%, contributing 27% to total revenues. Pressure Cookers grew by 41.3% and non-stick cookware by 21.8%, accounting for 21% of revenues.
The company reported consolidated revenue of ₹480.6 crore for Q1 FY27, a 41.3% increase from ₹340.1 crore in Q1 FY26. Gross profit grew by 46% to ₹190.4 crore, and EBITDA increased by 50.9% to ₹53.8 crore. Profit After Tax (PAT) stood at ₹17.1 crore, a 63.5% jump year-on-year. EBITDA margins improved to 11.2% from 10.5%, and PAT margins were 3.5%. Return on Capital Employed (ROCE) improved to 13.9% and Return on Equity (ROE) to 9.3%.
Looking ahead, Stove Kraft is confident in its position to continue profitable growth, driven by strong channel momentum and the upcoming festive season. The company is focusing on premiumization and innovation to create new consumer segments and improve its product mix. The management expects continued growth across all three product categories: small appliances, cooktops, and cookware. They anticipate that the export business, including IKEA, will contribute around 15% of revenue in the next two years. The company is also expanding its retail network, aiming for 500 exclusive Pigeon outlets by the end of 2027.
Regarding financial outlook, the management expects a strong performance in Q2 and Q3 FY27, supported by the festive season and increased capacities. They are confident in improving margins, aiming for at least a 1% year-on-year increase in gross margin and targeting PAT margins between 7% to 8% in two to three years, with gross margins settling between 40% and 42%. The company also plans to increase its EBITDA margin to 14-15% in the next two to three years. The transcript also details discussions on working capital management, integrated manufacturing capabilities, and a JV with a Chinese entity for manufacturing triply cookware circles.
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