Stove Kraft Ltd Shares Rise 2.09% as Retail Network Surpasses 300 Stores, Eyes 500 by 2027

Mumbai, 23 October 2025: Stove Kraft Ltd, a prominent player in India’s kitchen and home appliances sector, saw its shares react positively following the announcement of a major retail expansion plan. The company has crossed the 300-store milestone under its Pigeon brand and aims to reach 500 exclusive outlets by April 2027, targeting Tier 1, 2, and 3 cities across North and West India.

Founded by Rajendra Gandhi, Stove Kraft Ltd is headquartered in Bengaluru and manufactures kitchen and home appliances under brands like Pigeon, Gilma, and BLACK+DECKER. The company serves 10 international markets, including the USA, UK, and the Middle East, supplying clients like Walmart and Big Lots. Its Harohalli plant is among India’s largest kitchen appliance facilities.

Share Price Surges to ₹720.60 Amid Retail Expansion News

The share price of Stove Kraft Ltd climbed ₹14.75 (2.09%) to ₹720.60 by 1:17 PM IST, after opening at ₹704.50 and touching an intraday high of ₹725.00. The stock traded above its volume-weighted average price (VWAP), reflecting positive market attention. The day’s low was ₹704.50, with a market capitalisation of ₹2.39K crore, a P/E ratio of 58.55, and a dividend yield of 0.42%. The 52-week range stands at ₹524.70 – ₹975.40, while the quarterly dividend amount is ₹0.76. This price movement highlights investor interest following the company’s retail expansion announcement.

Retail Expansion Milestone: Over 300 Pigeon Outlets Established

As of October 2025, Stove Kraft has surpassed the 300-store mark under its flagship brand, Pigeon, marking a significant step in its retail journey. These standalone outlets are expected to contribute nearly 20% of overall revenue over the next two years.

Strategic Growth Plan: Targeting 500 Stores by 2027

Stove Kraft plans to expand to 500 exclusive stores by April 2027, focusing on Tier 1, 2, and 3 cities, including Uttar Pradesh, Maharashtra, Madhya Pradesh, and Bihar. The franchise-based model offers rent-sharing and operational support, encouraging local entrepreneurship while driving national growth.

Financial Performance: Consistent Growth Trajectory

In Q1 FY25, Stove Kraft reported revenue of ₹340 crore, growing 8.2% year-on-year, with management projecting 15% annual growth over the next three years. Expansion is supported by strengthened manufacturing facilities in Harohalli (Bengaluru) and Baddi (Himachal Pradesh) to meet rising demand.

Stove Kraft’s retail expansion strategy and franchise model position it to strengthen national presence and revenue streams. Investment in manufacturing facilities ensures the company can meet rising consumer demand, while targeting high-growth regions and supporting local entrepreneurship drives long-term operational scalability.

REF: https://nsearchives.nseindia.com/corporate/STOVEKRAFT_23102025100738_300_stores_letter_signed_23102025.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations