Stove Kraft Ltd

Stove Kraft Limited's Board of Directors has approved the issuance of a Standby Letter of Credit (SBLC) amounting to ₹30,00,00,000 (₹30 Crore) for its wholly-owned subsidiary in China, Guangzhou Jiawo Import & Export Co. Ltd. This SBLC will be issued in favor of overseas banks in China to facilitate credit facilities for the subsidiary. The company stated that this transaction does not currently impact Stove Kraft Limited and that promoters/group companies have no interest in it. Additionally, the Board approved the reconstitution of the Audit Committee, appointing Mr. Chandru Kalro as a member in place of Mr. Rajendra Gandhi.

Stove Kraft Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective September 29, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window is set to reopen 48 hours after the declaration of the unaudited financial results for the quarter ending September 30, 2026. This action is a standard procedure to prevent potential insider trading during periods when sensitive financial information is being prepared and finalized.

Stove Kraft Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, formulated according to SEBI's BRSR Guidelines, aims to enhance transparency by detailing the company's value creation through contributions to a sustainable economy. Stove Kraft Limited operates on a standalone basis for this report. The company's primary business activity is manufacturing, accounting for 100% of its turnover, specifically in domestic home appliances and metal household articles. The report covers operations across 28 states and 6 union territories in India, with international operations in 14 countries contributing 10.7% to total turnover. J. Sundharesan and Associates are the assurance providers, having obtained Limited Assurance.

Stove Kraft Ltd has released its Annual Report for FY2025-26, which includes the notice for its 27th Annual General Meeting scheduled for September 11, 2026. The report details the company's performance, strategic initiatives, and future outlook, emphasizing innovation, scaling value, and simplifying lives. It covers corporate overview, investment case, brands, geographic presence, financial performance, ESG initiatives, and statutory reports. The company highlights its response to evolving consumer preferences by strengthening its presence in emerging categories, accelerating its electric cooking portfolio, and expanding into new applications through a growing retail and omnichannel presence. The report also contains forward-looking statements regarding potential risks and opportunities.

Stove Kraft Limited has announced its 27th Annual General Meeting (AGM) will be held on September 11, 2026, at 11:00 AM via Video Conference/Other Audio Visual Means. The company has fixed September 4, 2026, as the record date for determining eligible members for the AGM and for a proposed dividend of ₹3.50 per equity share (35%) for FY2025-26. The dividend, if declared, will be paid within thirty days of the AGM. E-voting will be open from September 8 to September 10, 2026. The AGM agenda includes adopting financial statements, declaring the dividend, reappointing a director, and reappointing statutory auditors Price Waterhouse Chartered Accountants LLP for a second term.

Stove Kraft Ltd has announced the incorporation of its Wholly Owned Subsidiary (WOS) in China, named "Guangzhou Jiawo Import & Export Co. Ltd." with an initial investment of CNY 10 Million. The WOS has a registered capital of CNY 20 Million. Additionally, Stove Kraft has formed a 50-50 Joint Venture (JV) in China named "Yushan Wosituo New Materials Co., Ltd." with Ningbo Wochi New Materials Co.,Ltd. The JV aims to manufacture triply sheets for cookware. The company's WOS will invest in the JV soon. These strategic moves are intended to expand business operations, secure supply chain control, and achieve better quality and cost advantages.

Stove Kraft Ltd reported a robust Q1 FY27 performance with revenue growing 41.3% year-on-year to ₹480.6 crore. Profit After Tax (PAT) surged by 63.5% to ₹17.1 crore. The company experienced significant growth across product categories, notably a 315.9% increase in Induction Cooktops, alongside strong performances in Pressure Cookers (21.8% growth) and Non-stick Cookware (41.3% growth). Channel performance was also strong, with General Trade growing 56.2% and Own Retail up 86.3%. The Managing Director highlighted broad-based growth, margin improvement, and strengthened market position despite economic uncertainties.

Stove Kraft Limited announced the reappointment of Mr. Anup S Shah as Independent Director for a second five-year term and Mrs. Neha Gandhi as Executive Director for a further five-year term. Both reappointments are subject to shareholder approval. The company's Board of Directors also approved the Unaudited Financial Results for the quarter ended June 30, 2026, reporting revenue from operations of ₹4,805.83 million and a profit before tax of ₹133.43 million. The results were presented alongside a limited review report from the statutory auditors.

Stove Kraft's standalone Q1 FY27 (quarter ended June 30, 2026) revenue rose 41.3% YoY to ₹480.6 Cr (from ₹340.1 Cr) and 15.9% sequentially from ₹414.5 Cr in Q4 FY26. PAT was ₹17.06 Cr, up 63.5% YoY from ₹10.43 Cr; the sequential jump (+181.9% over Q4 FY26's ₹6.05 Cr) is largely a low seasonal base for a small-appliances business and shouldn't headline — the YoY comparison is the one that matters here. EPS was ₹5.15 versus ₹3.15 a year ago. There were no exceptional items in either period, so this is like-for-like, unadjusted growth. Margins expanded on both counts: OPM (EBITDA margin) rose to 11.19% from 10.47% YoY and 9.52% QoQ, running at/just above management's own Q4 FY26-call guidance to "protect and improve upon the 11% EBITDA margin" via operating leverage from a completed capex cycle and ~1% annual gross-margin gains — guidance met. NPM improved to 3.55% from 3.05% YoY. Revenue growth of 41.3% YoY is well ahead of the >15% full-year FY27 growth management had guided, which it attributed on that call to small-appliance/induction-cooktop demand, export normalisation and the IKEA contract ramp (targeted at an eventual ₹200-250 Cr run-rate); the filing carries no segment breakout to confirm which driver contributed most, and no press release/MD&A commentary accompanied it. Against the Street, Univest's pre-result preview (published June 30, 2026) had modelled revenue of ~₹368 Cr (+8.2% YoY) and PAT of ~₹13 Cr (+27.2% YoY) — the actual print beat both materially. Separately, the Board used this meeting to approve an in-principle wholly-owned China subsidiary (flagged since the May 2026 board meeting) and reappointed Executive Director Neha Gandhi and independent director Anup Shah for fresh five-year terms — governance items unrelated to the print. The company's outstanding income-tax search-related assessment proceedings (Note 7, from a November 2023 search) remain unresolved for some assessment years, though management continues to assess no material adverse impact on results.

Stove Kraft Ltd has announced that its Board of Directors will convene on August 3, 2026. The primary agenda for this meeting is to consider and approve the standalone unaudited financial results for the quarter that concluded on June 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.