Ashish Kacholia's Multibagger: This Stock Surges 103 per cent YTD and Secures IKEA Partnership!

A gem stock delivering 103 per cent YTD gains secures a game-changing partnership with IKEA for global cookware supply.

Stove Kraft Limited has been selected as a supply partner by IKEA, the renowned global retail chain. Starting in 2026, Stove Kraft will supply a dedicated range of cookware for IKEA’s worldwide stores. A new 180,000 sq. ft. manufacturing facility at Harohalli will support this partnership, aligning with Stove Kraft’s goal of global expansion and adopting international best practices in manufacturing and supply chain.

Diverse Product Portfolio

Stove Kraft is known for its wide range of kitchen appliances under the brands Pigeon (value), Gilma (semi-premium), and BLACK+DECKER (premium). Its product lineup includes cookware, chimneys, mixer grinders, LED bulbs, and more, catering to varied household needs.

Strength in the Kitchen Appliance Market

The company is a key player in India’s kitchen appliance sector, holding a 12 per cent market share in non-stick cookware. It leads in pressure cookers, cooktops, and non-stick cookware, offering innovative and affordable solutions.

Growing Export Reach

Exports contributed 12 per cent to Stove Kraft’s revenue in FY24, up from 9 per cent in FY22. The company supplies to 14 countries, including the U.S., Mexico, and Gulf nations, showcasing its growing global footprint.

Retail Expansion and Franchise Model

As of Q1 FY25, Stove Kraft operates 213 stores across 13 states. The company has adopted a franchise model, converting 23 stores in Q1 FY25 and planning to add 75 new stores in the next 12-18 months to improve cash flow and reach.

New Product Launches

In Q1 FY25, the company introduced products like the electric pressure cooker Electra, Cosmic glass cooktops, and a 12-liter Air Fryer OTG, enhancing its offerings to meet evolving customer needs.

Steady Financial Growth

Stove Kraft reported a 10 per cent YoY revenue growth in Q2 FY25, reaching Rs 418 crores. EBITDA margins improved to 7.7 per cent, supported by operational efficiencies and stable raw material costs.

Focus on Future Growth

Stove Kraft aims to improve margins, expand exports, and maintain strong volume growth. With new product launches and a strengthened retail presence, the company is well-positioned to drive long-term growth.

Stock Performance

Stove Kraft’s stock has delivered impressive returns, with a 103 per cent gain year-to-date (YTD) and a 92 per cent rise in the past year. These returns highlight strong investor confidence driven by the company’s consistent growth and strategic initiatives.