Stove Kraft Q2 FY26 Profit Surges 28% YoY to ₹213.6 Million; Revenue Jumps to ₹4,744 Million

Bengaluru, November 3, 2025 – Stove Kraft Limited reported its standalone net profit for the quarter ended September 30, 2025, at ₹213.6 million, representing an increase of 28% compared to ₹167.2 million in the same quarter last year.

Stove Kraft Limited is a premier Indian manufacturer and retailer of kitchen and home appliances with flagship brands Pigeon, Gilma and Black+Decker. Founded in 1999, Stove Kraft Limited is publicly listed on NSE and BSE and has its manufacturing base in Bengaluru, Karnataka.

Key Financials and Board Approvals

Revenue from operations jumped to ₹4,744.2 million. The increase in revenue showcases a recovery in consumer demand across its kitchen and home appliance portfolio.

The board of directors of the company met today, on Monday. The board has approved the issuance of 6,348 stock options to a qualified employee under its Employee Stock Ownership Plan 2018. The ESOP will be exercised at a last closing price of ₹787.65 per share as of October 31, 2025.

Management Commentary

In an attached note, the company has included that the search operations conducted by the income tax department in 2023 will not impact its financial position or its performance. The management further added that the company is focused on cost rationalisation and brand consolidation, and will enhance product quality to improve profitability.

Share Price Performance

As of 3 November 2025, the share of Stove Kraft Limited was closed at ₹725.80, down 7.85% from its previous close of ₹787.65. The share opened at ₹807.70 and traded between ₹813.95 and ₹716.85, with a market cap of 2,607.20 Cr.

REF: https://nsearchives.nseindia.com/corporate/STOVEKRAFT_03112025140036_BM_outcome-_03112025_signed–.pdf

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