Stove Kraft Q4 FY26 Revenue Up 32.4% to ₹414.5 Cr; PAT Soars 317.8% to ₹6.1 Cr
Stove Kraft reported a 32.4% YoY revenue increase to ₹414.5 crore for Q4 FY26. PAT surged 317.8% to ₹6.1 crore. For FY26, revenue grew 10.9% to ₹1,607.4 crore. The company expects over 15% growth in FY27, driven by domestic demand, exports, and IKEA business, aiming for ₹200-250 crore from IKEA. EBITDA margins are targeted for improvement.
The strong financial performance, including substantial profit growth, coupled with positive future outlook and strategic initiatives like IKEA partnership, are expected to have a significant impact on investor sentiment and the company's valuation.
The company reported significant year-on-year growth in revenue and profit for Q4 FY26 and FY26. Positive outlook and growth drivers like IKEA and domestic demand contribute to the positive sentiment.
Stove Kraft Limited announced its financial results for the fourth quarter and full fiscal year ending March 31, 2026. The company reported a consolidated revenue of ₹414.5 crore for Q4 FY26, marking a significant 32.4% year-on-year increase from ₹313 crore in Q4 FY25. Gross profit for the quarter rose by 32.6% to ₹160.2 crore, with gross margins remaining stable at 38.6%. EBITDA for the quarter grew by 33.9% to ₹39.5 crore, and EBITDA margins improved to 9.5% from 9.4% in the previous year. Profit After Tax (PAT) witnessed exceptional growth of 317.8%, reaching ₹6.1 crore in Q4 FY26 compared to ₹1.4 crore in Q4 FY25, with PAT margins at 1.5%.
For the full fiscal year 2026, consolidated revenue stood at ₹1,607.4 crore, an increase of 10.9% over FY25's ₹1,449.8 crore. Gross profit for FY26 was ₹622.5 crore, up 12.7% year-on-year, with gross profit margins improving by 164 basis points to 38.7%. EBITDA for FY26 was ₹166.1 crore, a 10.3% increase, and PAT for the year was ₹42 crore, up 9.1% from ₹38.5 crore in FY25.
The company highlighted strong performance in induction cooktops, which contributed 15.5% of revenue in Q4 FY26, showing value growth of 89.4% and volume growth of 67.3% year-on-year. Small kitchen appliances contributed 40.2% of revenue with Q4 value growth of 12.7% and volume growth of 97.7% year-on-year. OEM exports increased significantly to 8.7% of revenue in Q4 FY26. The company also plans to expand its Pigeon exclusive brand outlets to 500 stores by 2027. Revenue from IKEA is expected to commence in Q1 FY27, with a projected full-year contribution of ₹200-250 crore once three product lines reach full capacity utilization.
Looking ahead, Stove Kraft is confident in achieving revenue growth upwards of 15% for the current fiscal year, driven by strong domestic demand, stabilizing exports, and the commencement of IKEA business. The company aims to protect and improve its EBITDA margins, targeting to improve by 1% annually and hit 42% gross margin within 2-3 years. The company also anticipates its peak sales to be between ₹2,500 to ₹3,000 crore with existing facilities.
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