Stove Kraft

Stove Kraft delivered a strong Q4 FY26 with revenue of ₹414.5 CrCurrent reported value: ₹414.5 Cr. No comparable prior figure is available in the source record. (+32.4Current reported value: 32.4. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹39.5 CrCurrent reported value: ₹39.5 Cr. No comparable prior figure is available in the source record. (+33.9% YoY), driven by surging demand for induction cooktops (89.4%Current 89.4%. Reported change: +89.4% YoY. value growth) and small appliances (12.7% value growth, 97.7%Current 97.7%. Reported change: +97.7% YoY. volume growth). The induction cooktop segment contributed 15.5% of revenue, while small appliances contributed 40.2%. Management guided for >15% revenue growthCurrent reported value: >15% revenue growth. No comparable prior figure is available in the source record. in FY27, supported by IKEA revenue commencement (₹40-50 Cr in FY27, ramping to ₹200-250 Cr at full capacity), export recovery (8.7%Current 8.7%. Reported change: +4.9pp QoQ. of Q4 revenue, up from 3.8% in Q3), and retail expansion (329Current 329. Reported change: +67 YoY. EBOs, targeting 500 by 2027). EBITDA margin guidance is ≥11%Current reported value: ≥11%. No comparable prior figure is available in the source record., with gross margin improvement of ~100 bps annually. Key risk: forex volatility and commodity inflation could pressure margins if price hikes lag.