Stove Kraft Ltd
Stove Kraft Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
The company expects H2 FY26 revenue to be almost at the same level as H1 FY26 (~Rs. The company expects to improve EBITDA margins by 1 percentage point in FY '26 compared to the previous year.
From Stove Kraft Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company expects H2 FY26 revenue to be almost at the same level as H1 FY26 (~Rs. 800-805 crores), with a possible variation of Rs. 25-30 crores.
- Post-Diwali sales momentum is very strong compared to the previous year, with sustained demand expected for the next year.
- The retail expansion aims to reach 500 standalone Pigeon Stores by 2027 by opening 25-30 new stores every quarter.
- Exports are targeted for high growth, with a 40%-50% growth guidance, although some delays due to tariff stabilization are expected.
- New product additions in exports and domestic markets are driving growth, particularly in appliances and cookware.
2 more points from Stove Kraft Ltd's call on revenue
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Profitability & Margins
See what Stove Kraft Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current CAPEX per store (for retail expansion) is about Rs. 18-20 lakhs, including lease rentals, deposits, furniture, fixtures, and inventory.
- The company is rapidly expanding its retail presence, targeting 500 exclusive Pigeon Stores by 2027, adding 25-30 stores every quarter, focusing more on North and West India.
- Major CAPEX payments recently were for prior year investments funded by LCs and concluding current period CAPEX.
- Investments include enhancement of manufacturing capabilities such as a new cast iron foundry fully operational for exports.
- Strategic investment in exports includes product development for outdoor cooking and cast iron cookware, with plans to expand IKEA business from FY '27 onwards.
2 more points from Stove Kraft Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Stove Kraft Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The export order book is very large, indicating strong demand once tariff issues stabilize.
- Current exports are at a pause due to waiting for tariff stabilization, affecting growth expectations.
- Guidance includes a target of 50% growth in exports if tariffs stabilize.
- IKEA business is a strategic association; meaningful revenue expected starting FY '27, with supply beginning in the last quarter of the current year.
- IKEA orders include expanding SKUs in the cookware category; global business, not limited to the U.S.
2 more points from Stove Kraft Ltd's call on order book
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Stove Kraft Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹415 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Stove Kraft Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Stove Kraft Ltd Q2 FY26 results?
The company expects H2 FY26 revenue to be almost at the same level as H1 FY26 (~Rs. The company expects to improve EBITDA margins by 1 percentage point in FY '26 compared to the previous year.
What is Stove Kraft Ltd share price analysis?
Stove Kraft Ltd currently shows a neutral. The stock trades at a P/E of 58.0 with a market cap of ₹2,819 Cr. Investors should review the full earnings analysis for detailed insights.
Is Stove Kraft Ltd planning capital expenditure?
Current CAPEX per store (for retail expansion) is about Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.