Stove Kraft Limited manufactures and sells kitchen and home appliances under brands including Pigeon, Gilma and BLACK+DECKER (licenced), operating manufacturing facilities in Bengaluru and Baddi and a multi‑channel distribution network spanning exclusive Pigeon stores, 600+ distributors and exports to the USA and Mexico.

Retail expansion is a central growth lever: Stove Kraft opened 17 new exclusive stores in Q3, operates 313 stores across 21 states and is targeting 500 exclusive outlets by April 2027, with average monthly sales per store at INR 4.27 lakh, signalling aggressive roll‑out and franchise focus.

Financially mixed near term: 9MFY26 revenue rose 4.9% Y‑o‑Y to INR 1,192.9 crore with improved gross margins (~38.8% for 9M), while Q3FY26 saw revenue and PAT compression; the company is actively reducing debt (noted reduction to ~INR 806 million) and improving working capital metrics.

Product and manufacturing upgrades are tangible: Stove Kraft commissioned a cast iron foundry, automated roller coating lines, launched new product categories such as air fryers and personal care items, and installed a 4 MWp rooftop solar plant — reflecting vertical integration and cost focus to support margin improvement.