Stove Kraft Ltd. · NSE:STOVEKRAFT
Stove Kraft — Q2 & H1 FY27 Earnings Presentation
35 slides from Stove Kraft's earnings presentation, Nov 4, 2026
Slide 1: Cover letter to stock exchanges for investor presentation
04 November 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543260 NSE Symbol: STOVEKRAFT Dear Sir / Madam, Sub: Investor Presentation
Slide 2: Stove Kraft Limited Q2 & H1 FY27 Investor Presentation
STOVE KRAFT LIMITED Q2 & H1 FY27 INVESTOR PRESENTATION
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Stove Kraft Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induce
Slide 4: Q2 & H1 FY27 Operational Highlights
Q2 & H1 FY27 OPERATIONAL HIGHLIGHTS
Slide 5: Q2 & H1 FY27 Key Highlights
Q2 & H1 FY27 Key Highlights 01 The Company recorded highest ever EBIDTA % 12.9% for Q2 FY27. 02 The company reported its highest-ever revenue in Q2FY27 registering Sales Growth of 23.2% YoY while strong operating and financial leverage drove EBITDA and PAT growth of 32.7% and 35.7%, respectively. 03
Slide 6: Q2FY27 Performance (Y-o-Y) - Consolidated
Q2FY27 Performance (Y-o-Y)- Consolidated Q2FY27 Revenues Q2FY27 Gross Profit Q2FY27 EBITDA Q2FY27 PAT INR 584.7 crores INR 231.7 crores INR 75.3 crores INR 29.0 crores 23.2 % 26.8 % 32.7 % 35.7% Q2 FY27 growth in Product Category Revenue Breakup: Q2FY27 Brand Wise Sales (INR Cr) 4.5 Growth Val 46.3
Slide 7: H1 FY27 Performance (Y-o-Y) - Consolidated
H1 FY27 Performance (Y-o-Y)- Consolidated H1FY27 Revenues H1FY27 Gross Profit H1FY27 EBITDA H1FY27 PAT INR 1065.2 crores INR 422.1 crores INR 129.1 crores INR 46.0 crores 30.8 % 34.8 % 39.7 % 44.8% H1FY27 growth in Product Category Revenue Breakup: H1FY27 Brand Wise Sales (INR Cr) 7.7 Growth Val 119
Slide 8: Channel-Wise Performance Highlights
Channel-Wise Performance Highlights Q2 FY27 Channel Contribution Channels GT MR ECOM Own Retail Export Corp Sales Revenue Break Up (%) 31.8% 12.4% 38.2% 7.2% 8.1% 2.3% HY1 FY27 Channel Contribution Channels GT MR ECOM Own Retail Export Corp Sales Revenue Break Up (%) 30.4% 12.6% 35.3% 7.9% 11.3% 2.5
Slide 9: Retails – Pigeon & GILMA
Retails – Pigeon & GILMA Pigeon: Expanded into 9 new cities this quarter, further strengthening our GILMA: Re-launched Premium Brand in Southern Markets presence across key regions and reinforcing our footprint 360 141,308 17 600 Stores Customers Stores Customers 360 stores opened rational in 22 sta
Slide 10: Q2 & H1 FY27 Financial Highlights
Q2 & H1 FY27 FINANCIAL HIGHLIGHTS
Slide 11: Financial Snapshots - Consolidated
Financial Snapshots- Consolidated Sales EBITDA PAT 23.2% +32.7% +35.7% 584.7 75.3 29.0 474.4 56.8 418.3 21.4 49.0 16.7 Q2 FY25 Q2 FY26 Q2 FY27 Q2 FY25 Q2 FY26 Q2 FY27 Q2 FY25 Q2 FY26 Q2 FY27 Sales EBITDA PAT +30.8% +39.7% +44.8% 1,065.2 129.1 46.0 814.5 92.4 732.8 31.8 80.7 24.9 H1 FY25 H1 FY26 H1 F
Slide 12: Healthy Financial Position
Healthy Financial Position Q2FY27 13 Days 19 Days Improving ROCE & ROE 32 Days QoQ Improvement YoY Improvement Net Working Capital Days 15.6% 15.6 15.3% Working Capital Cycle 15.4 15.2 13.9% 15.0 14.8 14.6 14.4 14.2 14.0 Operating Working Capital Days Net Working Capital Days 13.8 13.6 13.4 12.6% 13
Slide 13: Q2 & H1FY27 Consolidated Profit & Loss Statement
Q2 & H1FY27 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 584.7 474.4 23.2% 480.6 21.7% 1,065.2 814.5 30.8% Cost of Materials Consumed 401.6 259.5 295.2 696.8 459.3 Purchase of stock-in-trade 46
Slide 14: Q2 & H1FY27 Consolidated Balance Sheet
Q2 & H1FY27 Consolidated Balance Sheet Equity and Liabilities (Rs. Crs.) 30-Sep-26 31-Mar-26 Assets (Rs. Crs.) 30-Sep-26 31-Mar-26 Equity share capital 33.1 33.1 Property, plant and equipment 539.6 519.0 Other equity 505.4 471.1 Capital work-in-progress 31.8 14.8 Total Equity 538.5 504.2 Other Intan
Slide 15: Q2 & H1FY27 Consolidated Cash flow Statement
Q2 & H1FY27 Consolidated Cash flow Statement Cash Flow Statement (Rs. Crs.) Sep-26 Sep-25 Cash Flow from Operating Activities Profit before Tax 60.9 40.5 Adjustment for Non-Operating Items 62.8 52.3 Operating Profit before Working Capital Changes 123.7 92.8 Changes in Working Capital -86.3 20.8 Cash
Slide 16: Q2 & H1FY27 Marketing Initiatives
Q2 & H1FY27 MARKETING INITATIVES
Slide 17: Creating a sizzle in the south with Onam Combotsavam
Creating a sizzle in the south with Onam Combotsavam Launch of the year’s festival campaign with a multi-layered Content-to-commerce funnel targeting customers across the customer journey Creating a larger 2. Bringing products to life demonstrating their features, 3. Offer-led communication communic
Slide 18: High-Impact Product Launch Campaigns
High-Impact Product Launch Campaigns High visibility, insight based campaigns launched for PULSE and IVO Air-Fryer targeting different customer segments using Print, PR, Influencers and Performance Marketing Campaign created a buzz on social media and prompted comparisions with Philips 17
Slide 19: Relaunching a kitchen brand across South India - Gilma
Relaunching a kitchen brand across South India - Happy, It’s a Gilma Gilma is open: launch, festival and offer campaigns were launched in English, Kannada and Telugu with a brand new communication theme and campaign Our festive campaign carried one message: Flat 55% off The 2026 range: 13 chimneys a
Slide 20: Creating Surround: Digital, Activations and Collaterals
Creating Surround: Digital, Activations and Collaterals Digital - Performance Marketing Gilma Digital Ads using Performance Max and Individual Store Search Campaigns Festival Roadblocks and Product Ads on Meta and Google Store Visit and Franchise Opportunity Ads for Pigeon EBO Collaterals and Activa
Slide 21: New Product Launches
New Product Launches Pigeon Smarty Mixer Grinder 550W 3 Jar Pigeon Vyu Air Pigeon Pulse Portable Fryer Blender Pigeon Sonik Mixer Grinder 750W 3 Jar Pigeon Ultrax Mixer Grinder 1000W 3 Jar Pigeon Instiwarm Pigeon Handy Blender Pigeon Eazy Toaster Immersion Rod 20
Slide 22: About Stovekraft Limited
& ABOUT STOVEKRAFT LIMITED life, | 66 The only way to do great work is to love what you do 99 - Steve jobs
Slide 23: Key Milestones
Key Milestones Certificate of registration Granted trademark First Investment by IPO with listing on Entered into a strategic partnership with of design was granted for registrations for Gilma Sequoia NSE and BSE IKEA to develop cookware products our product ‘Super cooker’ 2001 2010 2015 2021 2024 1
Slide 24: Diverse range of products across consumer preferences
Diverse range of products across consumer preferences… Cookware–Pressure cooker, wonder cast cookware, non-stick cookware, electric rice cookers and titanium hard anodized cookware Chimney Cooktops and other kitchen solutions –Hobs, glass cooktops, stainless steel cooktops, induction cooktops Hobs a
Slide 25: State of the Art Manufacturing Facilities with focus on quality
State of the Art Manufacturing Facilities with focus on quality Baddi, Himachal Pradesh Comprising of 18 personnel and tie- Dedicated in-house ups with foreign companies for R&D facility technology enablement Focus on quality Sourcing of raw materials ISO 9001:2015 certified is maintained at Product
Slide 26: Professional Management Team
Professional Management Team Mr. Rajendra Gandhi Mrs. Neha Gandhi Mr. Subhadeep Pal Managing Director Executive Director Chief Financial Officer • Founder of Stove Kraft with over 22 years • Holds a Bachelor’s Degree in Business • Qualified Chartered Accountant (ICAI) with of experience Administrati
Slide 27: Board of Directors
Board of Directors Mr. Rajendra Gandhi Mrs. Sunita Gandhi Mrs. Neha Gandhi Mr. Natrajan Ramakrishna Managing Director Non-Executive Director Executive Director Independent Director • Founder of Stove Kraft with over 22 • She is promoter of the Company and • Holds a Bachelor’s Degree in Business • He
Slide 28: Annexure
& ANNEXURE » & amt! “afl a = as | 66 The only way to do great work is to love what you do 99 - Steve jobs
Slide 29: Consolidated Operating Performance
Consolidated Operating Performance Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,607 166 42 1,450 151 39 1,284 1,364 36 34 119 99 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Gross Profit Margins EBITDA Margins PAT Margins 36.9% 38.1% 38.7% 10.4% 10.3% 2.8% 2.7% 2.5% 2.6% 32.
Slide 30: Key Financial Metrics
Key Financial Metrics RoCE 12.3% 12.3% 13.0% 12.0% Working Capital (in Days) Working 59 64 24 Capital (in Days) Mar-23 Mar-24 Mar-25 Mar-26 144 133 128 129 Cash Flow from Operations (Rs. Crs.) 114 113 255 40 33 130 25 113 76 Mar-24 Mar-25 Mar-26 Mar-23 Mar-24 Mar-25 Mar-26 Inventory Debtors Creditor
Slide 31: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY26 FY25 FY24 FY23 Revenue from Operations 1,607.4 1449.8 1,364.3 1,283.8 Cost of Materials Consumed 902.4 831.2 813.0 746.1 Purchase of stock-in-trade 74.6 92.8 101.7 113.8 Changes in Inventories of Finished Goods and Work in Pr
Slide 32: Historical Balance Sheet- 1/2
Historical Balance Sheet- 1/2 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 Equity share capital 33.1 33.1 33.1 33.0 Other equity 471.1 437.8 406.2 370.3 Total Equity 504.2 470.8 439.2 403.4 Financial liabilities Borrowings 1.6 0.0 4.9 10.0 Lease Liabilities 35.3 151.9 10
Slide 33: Historical Balance Sheet- 2/2
Historical Balance Sheet- 2/2 ASSETS (Rs. Crs.) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 Property, plant and equipment 519.0 458.5 396.6 362.4 Capital work-in-progress 14.8 22.6 29.6 9.5 Intangible assets 1.6 9.0 3.0 4.0 Right to Use Assets 62.4 159.7 110.5 35.6 Goodwill on Amalgamation 0.0 0.0 0.1 0
Slide 34: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.). Mar-26 Mar-25 Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 51.0 48.8 45.6 47.3 Adjustment for Non-Operating Items 99.3 106.0 84.4 52.9 Operating Profit before Working Capital Changes 150.2 154.8 129.9 100.1 Changes
Slide 35: Thank You
Thank You Investor Relations Advisors : CIN: L29301KA1999PLC025387 MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Vidhi Vasa : Email id - [email protected] Contact Person: Mr. Shrinivas P H - Company Secretary Mr. Irfan