by Suman Gupta
Karnataka, 27th May, 2024 – 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 market leaders in the sale of free-standing hobs, cooktops and non-stick cookware announced its Audited Financial 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 Y-o-Y basis. Our gross margins have improved significantly over the past year aided by optimization of operations, efficient manufacturing 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 its flagship brand Pigeon along with other state of the art products. These products are combination of traditional culture and modern elements to enhance their usability and functionality. Looking back at our foray into company owned retail stores we have successfully added 117 stores in FY24, which is almost 2/3rd of our total store count. This shows our commitment towards expanding 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 our customers.
