Stove Kraft Q4 FY26 Results on May 13: Key Dates

Board meeting set for May 12, 2026

Stove Kraft Limited (NSE: STOVEKRAFT, BSE: 543260) has scheduled a meeting of its Board of Directors for Tuesday, May 12, 2026. The agenda includes approval of the standalone audited financial results for the quarter and financial year ended March 31, 2026. The board will also consider recommending a dividend for FY2026. In addition, the company has indicated that the board will take up a proposal to amend the Stovekraft Employee Stock Option Plan 2018.

Result announcement and investor call on May 13

The company is set to report its fourth-quarter and full-year FY26 results on May 13, 2026. Stove Kraft has confirmed a conference call for investors and analysts on May 13, 2026 at 4:00 PM IST. The call, organised by MUFG Intime, will focus on discussing the standalone audited financial results for the quarter and full financial year ended March 31, 2026. The Managing Director and CFO are expected to participate.

What the board will consider beyond results

Apart from financial statements, the board is expected to evaluate whether to recommend a dividend for FY2026. The company has a recent track record of dividend consideration, with FY25 carrying a board-recommended dividend of ₹3 per share (30%), subject to shareholder approval at the AGM. Any FY26 dividend decision will depend on the FY26 audited numbers and board deliberations. The May 12 meeting also includes a proposal to amend the Stovekraft Employee Stock Option Plan 2018, signalling a governance and compensation item alongside the financial approvals.

Q3 FY26 showed lower revenue but improved gross margin

Ahead of the FY26 year-end print, Stove Kraft’s Q3 FY26 numbers indicated a mixed operating picture. Consolidated revenue for Q3 FY26 stood at ₹378.4 crore versus ₹404.1 crore in Q3 FY25, a year-on-year decline of 6.4% that the company attributed mainly to lower export sales. Gross profit for the quarter was ₹149.2 crore compared with ₹151.7 crore in Q3 FY25, down 1.7% year-on-year. Even with lower revenue, gross margin improved to 39.4% from 37.6%, a rise of 188 basis points.

Profitability in Q3 was hit by one-time expenses

EBITDA for Q3 FY26 was ₹35.3 crore versus ₹40.5 crore in Q3 FY25, down 12.9% year-on-year. The company reported an EBITDA margin of 9.3% for the quarter. Profit after tax (PAT) for Q3 FY26 stood at ₹4.1 crore, compared with ₹12.1 crore in Q3 FY25. Stove Kraft said it incurred a one-time expense of ₹4.65 crore during the quarter, including ₹1.24 crore for additional provision for gratuity and leave encashment, ₹1.9 crore due to forex loss, and an ECL provision of ₹1.51 crore.

Nine-month FY26 trends: growth, efficiency, and debt reduction

For 9M FY26, consolidated revenue was ₹1,192.9 crore versus ₹1,136.8 crore in 9M FY25, reflecting 4.9% year-on-year growth. Gross profit rose to ₹462.4 crore from ₹431.7 crore, up 7.1% year-on-year, and gross margin was reported at 38.8%, up 79 basis points. EBITDA for 9M FY26 was ₹127.7 crore versus ₹121.2 crore in the comparable period, up 5.4% year-on-year. The company also highlighted working capital improvements, with working capital days reduced to 43 and working capital debt down to ₹80.6 crore at the end of Q3. It further stated it undertook a debt reduction of ₹80 crore during the quarter.

Business and channel updates shared in the earnings call

Management said the export environment remained challenging, citing uncertainty around trade negotiations and tariff structures between India and the United States. On the domestic side, the company reported that its flagship brand Pigeon recorded a YTD CAGR growth of 9.3%. It also stated it saw robust volume growth of about 38% in the small appliances category and about 9% in the “Pachecar” category (as described in the call). Stove Kraft said all sales channels remained active, with modern trade and exclusive brand stores delivering double-digit year-on-year growth. It also shared a channel mix datapoint: for the quarter, general trade contributed 38.5%, e-commerce 34%, and modern trade 12%.

FY25 baseline: revenue growth with a weak Q4

For FY25, the company reported consolidated revenue of ₹1,449.8 crore, a 6.3% year-on-year increase, while PAT rose 12.8% to ₹38.5 crore. However, Q4 FY25 was weaker, with revenue down 3.8% to ₹313 crore and PAT dropping to ₹1.45 crore. The FY25 annual report financial highlights also showed revenue from operations at ₹1,449.8 crore (₹14,498.17 million) and profit for the year at ₹38.5 crore (₹385.05 million). These figures provide context for how the market may frame FY26 performance once audited numbers are released.

Recent quarterly swing: Q2 FY26 turnaround followed by Q3 softness

Stove Kraft reported that Q2 FY26 showed a strong rebound, with revenue up 13.4% year-on-year to ₹474.4 crore and PAT up 27.8% to ₹21.4 crore. Q3 FY26, however, saw revenue and profits decline year-on-year, with exports cited as a key drag. This sequence makes the FY26 audited outcome and management commentary on May 13 particularly relevant, as investors will look for clarity on export conditions, margins, and the sustainability of domestic channel momentum.

Key facts at a glance

Financial snapshot from disclosures so far

What investors will watch on May 13

The May 13 disclosures and the subsequent management call will likely be read alongside the Q3 narrative: margin improvement, export pressure, and working-capital-led balance-sheet tightening. Dividend commentary will also be in focus, given the board is set to consider a FY2026 recommendation. Any details on ESOP plan changes may matter for long-term compensation structure and shareholder dilution considerations, depending on what amendments are proposed. For now, the next confirmed milestones are the board meeting on May 12, followed by the results release and the 4:00 PM IST conference call on May 13, 2026.