This home appliances stock is in focus after it jumped 5.51 percent following the report of Dolly Khanna increasing her stake in the company, in which Ashish Kacholia also holds a stake.
Share Price Movement
With a market capitalization of Rs. 2,266 Crore, the stock of Stove Kraft opened at Rs. 675, up 2.28 percent from yesterday’s close, and after opening, it made a high of 696.30, up 5.51 percent.
About the Company
The company has established itself as India’s leading kitchen appliances brand, catering to the diverse needs of homemakers across the country. Their design philosophy is rooted in a pioneering spirit and a culture of continuous innovation.
The company has over 1000+ products portfolio, with 6000+ human capital, 1,25,000+ dealers spread across India, and is available in 14+ countries with global presence.
Stake Update
In Q3FY25, Dolly Khanna held 1.07 percent or 3,54,541 shares of the Company. After the shareholding update for Q4FY25 was posted, her shareholding has increased by 0.21 percent during the quarter, and increased to 1.31 percent or 4,31,825 shares of the total shares. Other than Dolly Khanna, Ashish Kacholia also holds 1.74 percent or 5,76,916 shares in the Company.
Financial Highlights
The company reported an 11.60 percent YoY increase in revenue from Rs. 362 Crore in Q3FY24 to Rs. 404 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 3.34 percent in revenue from Rs. 418 Crore in the previous quarter.
Their Net profit saw an increase of 71.42 percent YoY from Rs. 7 Crore to Rs. 12 Crore for the same period. On a QoQ basis, the company reported a decrease of 29.41 percent in Net profit from Rs. 17 Crore in the previous quarter.
Written By Abhishek Das
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