Mumbai, October 24 (Udaipur Kiran): Shares of Stove Kraft Ltd. gained over 1.5% on Thursday after the company announced its plan to scale up its retail footprint with a target of 500 exclusive stores by April 2027. The stock was trading at ₹717.10, up ₹11.25 or 1.59% from its previous close of ₹705.85 on the BSE.
During the day, the scrip opened at ₹703.65 and touched an intraday high of ₹725.00 and a low of ₹703.65. A total of 2,986 shares were traded on the counter. The stock’s 52-week high stands at ₹976.75 (January 20, 2025), and the 52-week low at ₹524.95 (June 3, 2025). The company’s current market capitalisation is ₹2,383.47 crore.
As per the shareholding pattern, promoters hold 55.80%, while institutions and non-institutions hold 8.85% and 35.36%, respectively.
Stove Kraft, which operates popular kitchen appliance brands such as Pigeon and Gilma, said the expansion marks a key milestone in its growth journey. The company recently launched its 300th standalone Pigeon exclusive outlet, underscoring its growing reach among Indian households.
The retail growth strategy aims to strengthen the brand’s presence across Tier 1, 2, and 3 cities, with an increased focus on North and West India. States like Uttar Pradesh, Maharashtra, Madhya Pradesh, and Bihar will be major focus areas for the next phase of expansion.
To accelerate this growth, Stove Kraft is inviting franchise partners to join its network of exclusive stores. The company’s franchise model features a rent-sharing arrangement, designed to make entry easier and ensure profitability for both parties. Franchise partners will receive complete support — from site selection, marketing, and staff training to legal and operational guidance.
This model not only supports Stove Kraft’s expansion target but also provides entrepreneurial opportunities for small business owners across India.
Stove Kraft is India’s largest kitchen appliances company, offering a wide range of products including pressure cookers, non-stick cookware, gas and induction cooktops, mixer grinders, chimneys, and hobs under its leading brands.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.