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Stove Kraft: Will Growth Be Sustained?
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Stove Kraft Limited Q4FY21 consolidated PAT drops QoQ to Rs 19 20 crore
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February 24, 2021
‘Plan to become zero-debt company in near future’
Stove Kraft Limited, maker of branded kitchen appliances, has posted ₹33.5 crore profit for the third quarter (Q3) of FY 2020-21 against ₹8.9 crore posted last year.
The company’s Q3 revenues were higher by 47 per cent at ₹294.7 crore compared to ₹200.4 crore in the same period last year.
Commenting on the company’s performance, Rajendra Gandhi, Managing Director, said, “Despite challenging times this year, the company has managed to deliver stellar results on the back of volume growth led by a good festival season, operational efficiencies, better product mix and cost rationalisation programmes.
Stove Kraft Ltd. - Company details
Started in 1999 as a single brand small LPG stove manufacturing company, Stove Kraft Limited has grown to become a kitchen solutions and an emerging home solutions brand.
Stove Kraft manufactures and retails a wide and diverse range of affordable (value segment), quality products under “Pigeon” brand, including, inter alia, cookware, cooking appliances and household utilities (including consumer lighting). They currently offer a wide range of products such as chimney, hobs and cooktops under the “Gilma” brand, which is targeted at the semi-premium segment.
The company is also an exclusive licensee for the “BLACK + DECKER” brand till December 31, 2027 which will enable them to exclusively retail, and provide post-sales services in relation to, a wide range of products such as blenders and juicers, breakfast appliances, small cooking appliances and small domestic appliances in India under the same brand.
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