Stove Kraft Ltd

Q1 FY27Consumer Durables

Stove Kraft Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹817

Market cap₹2.6K Cr

P/E52.8

Updated26 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueRank 3

MarginRank 2

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Stove Kraft is confident of sustaining high growth with a historical CAGR of 17%-18%, targeting 15%-20% going forward. Stove Kraft aims for a consistent revenue CAGR of 15%-20%, supported by product innovation and premiumization.

From Stove Kraft Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Rank 3

Stove Kraft is confident of sustaining high growth with a historical CAGR of 17%-18%, targeting 15%-20% going forward.
Induction Cooktop revenues are expected to contribute at least 20% of total revenue annually, with demand exceeding pre-war levels.
Diverse product innovation pipeline including chimneys, built-in hobs, pressure cookers, triply cookware to drive future growth.
Growth is broad-based across core categories like pressure cookers (41% YoY growth) and non-stick cookers (22% YoY).
Channel expansion with EBO stores growing 86%, strong general trade recovery, and robust e-commerce presence.
Export plus IKEA contributions targeted to reach 15% of revenue in 2 years.
Premiumization is a key growth lever to drive revenues and margin expansion.
Overall, management aims for consistent 15%+ growth driven by product mix, volume, and value growth across all channels and regions.

Profitability & Margins

Stove Kraft aims for a consistent revenue CAGR of 15%-20%, supported by product innovation and premiumization.
Management targets EBITDA margin expansion from the current 11% to 14%-15% over the next 2-3 years.
Gross margins are expected to improve year-on-year by at least 1%, stabilizing between 40%-42%.
PAT margins are projected to rise from 3.5%-4% currently to 7%-8% in 2-3 years, translating into 18%-20% ROE.
Operating leverage and continuous premiumization will drive margin expansion and profit growth.
Export contribution is expected to increase from 12% to about 15% in the next two years, supporting top-line growth.
Growth in key product categories like Induction Cooktops and Pressure Cookers will sustain strong earnings momentum.
The company expects steady improvement in EPS aligned with revenue and margin growth targets.

See what Stove Kraft Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Stove Kraft is investing in expanding manufacturing capacities, especially to meet the high demand for pressure cookers and small appliances.
They have augmented capacities for small appliances, which were previously partially used for induction and infrared products.
They've established a wholly owned subsidiary in China for domestic sourcing and exports to optimize buying costs and benefit from export drawbacks.
A joint venture in China is underway to manufacture triply cookware components, with commercial production expected by December 2026.
This JV aims to address current supply challenges and cater to growing global and domestic demand for more efficient cookware.
The company is also investing in innovation pipelines across all three product categories: small appliances, cooktops, and cookware.
No specific capex amount disclosed, but the focus is on expanding capacity and enhancing product innovation and supply chain efficiencies.

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

5x potential

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3₹2.0K Cr

Rev 1Mar 2

4₹1.6K Cr

Rev 1Mar 3

5₹1.3K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript does not mention any current or planned fundraising through debt or equity.
The company highlights having hardly any debt and mentions a reduction in finance cost year-on-year.
No specific plans for raising funds via equity are discussed during the Q&A.
The focus is on internal growth, cost control, and operational efficiencies rather than external fundraising.
They are confident in funding capacity expansions and growth through existing resources and operational cash flows.

See what Stove Kraft Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript on page 19 and surrounding pages does not provide explicit details on the current or expected order book or pending orders for Stove Kraft Limited. However, some relevant points regarding demand and capacity are: - There is strong and growing demand across categories, including induction cooktops, cookware, and pressure cookers. - The company has augmented manufacturing capacity to meet increasing demand. - Export and IKEA business opportunities are expanding, expected to contribute around 15% of revenue in the next two years. - Channels such as EBO stores and general trade are showing robust growth, with EBO stores growing at 86%. - The company is confident of continued growth, supported by product innovation and strong distribution. - No specific numeric data for order book or pending orders is mentioned. Hence, while there is high demand and capacity expansion, exact current or expected order book figures are not disclosed in the provided transcript.

Stove Kraft Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹415 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Stove Kraft Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Stove Kraft Ltd Q1 FY27 results?

What is Stove Kraft Ltd share price analysis?

Stove Kraft Ltd currently shows a below-average growth signal. The stock trades at a P/E of 52.8 with a market cap of ₹2,567 Cr. Investors should review the full earnings analysis for detailed insights.

Is Stove Kraft Ltd planning capital expenditure?

Stove Kraft is investing in expanding manufacturing capacities, especially to meet the high demand for pressure cookers and small appliances.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.