Stove Kraft, the Bengaluru-based home appliance manufacturer behind brands such as Pigeon, Gilma, and BLACK+DECKER, reported a sharp rise in its fourth-quarter net profit, which grew 318 per cent year-on-year to ₹6.1 crore, compared with ₹1.4 crore in the corresponding quarter last year.

The company attributed the growth to rising demand for energy-efficient cooking solutions amid recent energy and fuel-related disruptions across global markets, which have accelerated the shift towards alternative cooking technologies.

Its induction cooktop category recorded strong momentum during the quarter, with value growth of 89 per cent and volume growth of 67 per cent.

“The strong growth in our induction cooktop category reflects evolving consumer demand, and we remain committed to making energy-efficient and innovative cooking solutions more accessible to Indian households,” said Rajendra Gandhi, Managing Director, Stove Kraft.

The company’s revenue from operations rose 32 per cent year-on-year to ₹414.52 crore in Q4 FY26. For the full financial year FY26, revenue stood at ₹1,607.42 crore, marking a growth of 10.9 per cent.

On the retail front, the company expanded its footprint with 329 stores operational across 151 cities in 22 states. It added 16 new stores during Q4, including 34 stores operating under the franchise model.

(With inputs from BL intern Adithya Lalgudi)

Published on May 12, 2026