Stove Kraft Limited reports its quarterly performance

Stove Kraft Limited, one of the leading brands for home & kitchen appliances in India, one of the dominant players for pressure cookers and amongst the marketleaders in the sale of free-standing hobs, cooktops and non-stick cookware announced its AuditedFinancial Results for the Quarter ended on 31st March 2024.

Commenting on Q4 Results Mr. Rajendra Gandhi (Managing Director) said, Revenues for 4th quarter stood at INR 325.2 Crs with gross margin of 37.1% thus registering a growth of 17% in revenue on a Yo-Y basis. Our gross margins have improved significantly over the past year aided by optimization of operations, efficientmanufacturing process and backward integration of market tested and accepted products.

During the quarter company also launched its cast iron cookware range tailored for the Indian kitchen called'imperi' under itsflagship brand Pigeon along with other state of the art products. These products are combination of traditional culture andmodern elements to enhance their usability and functionality. Looking back at our foray into company owned retail stores wehave successfully added 117 stores in FY24, which is almost 2/3rd of our total store count. This shows our commitment towardsexpanding our product reach to customers and improving our brand presence.

As we move ahead in 2024, we remain committed to continue our growth trajectory by bringing valued products to ourcustomers. The Board has recommended maiden dividend of Rs. 2.50 per share.

Shares of Stove Kraft Limited was last trading in BSE at Rs. 496.80 as compared to the previous close of Rs. 496.05. The total number of shares traded during the day was 5917 in over 424 trades.

The stock hit an intraday high of Rs. 503.70 and intraday low of 491.70. The net turnover during the day was Rs. 2946801.00.

Source : Equity Bulls

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StoveKraft INE00IN01015 Q4FY24 FY2024 ResultUpdate FY24