Stove Kraft Reports Strong FY26 Growth, Proposes Dividend

Stove Kraft Limited announced its audited financial results for the fiscal year ended March 31, 2026. The company reported revenue from operations of ₹16,074.24 million and a profit after tax of ₹419.91 million.

Financial Highlights

Revenue from operations increased by 10.9% to ₹16,074.24 million, up from ₹14,498.17 million in FY25.
Profit after tax grew by 9.2%, reaching ₹419.91 million compared to ₹385.05 million in the previous fiscal year.

Shareholder Returns and ESOPs

The Board recommended a final dividend of ₹3.50 per equity share, subject to shareholder approval at the Annual General Meeting (AGM).
Additionally, the company amended its Employee Stock Option Plan (ESOP) and granted new options, aimed at motivating and retaining staff.

Leadership and Management Changes

Key management transitions include the resignation of CFO Mr. Ramakrishna Pendyala. Mr. Subhadeep Pal has been appointed as his successor, bringing new financial leadership.

Background on Tax Proceedings

Stove Kraft is also navigating ongoing tax assessment proceedings stemming from search operations conducted by the Income Tax Department in November 2023. These investigations relate to alleged tax evasion. The company has assessed no material adverse impact but has filed appeals for certain years under assessment, as these proceedings could potentially lead to future financial demands.

Competitive Environment

Stove Kraft operates in India's competitive kitchen appliance and cookware market, alongside rivals such as TTK Prestige, Hawkins Cookers, and Butterfly Gandhimathi Appliances.

Previous Year's Performance (FY25)

In the previous fiscal year (FY25), revenue from operations was ₹14,498.17 million, and profit after tax was ₹385.05 million.

Looking Ahead

Investors will be tracking shareholder approval for the dividend at the AGM, the integration of new CFO Mr. Subhadeep Pal, and updates on the tax assessment proceedings. Management's focus will also be on sustaining revenue growth and cost management in the coming fiscal year.