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27 Years
4.4 Star
1 Crore +
Houseware company Stove Kraft announced Q4FY24 results:
- Revenue from Operations: Rs 325.2 crore, 17.0 % YoY
- Gross Profit: Rs 120.7 crore, 35.0 % YoY
- EBITDA: Rs 24.8 crore, 320.6 % YoY
- PAT: Rs 2.7 crore, (Compared to -6.0 Cr in Q4FY23)
Commenting on Q4 Results, Rajendra Gandhi (Managing Director) said, Revenues for 4th quarter stood at Rs 325.2 Crs with gross margin of 37.1% thus registering a growth of 17% in revenue on a YoY basis. Our gross margins have improved significantly over the past year aided by optimization of operations, efficientmanufacturing process and backward integration of market tested and accepted products.
During the quarter company also launched its cast iron cookware range tailored for the Indian kitchen called‘imperi’ under itsflagship brand Pigeon along with other state of the art products. These products are combination of traditional culture andmodern elements to enhance their usability and functionality. Looking back at our foray into company owned retail stores wehave successfully added 117 stores in FY24, which is almost 2/3rd of our total store count. This shows our commitment towardsexpanding our product reach to customers and improving our brand presence.
As we move ahead in 2024, we remain committed to continue our growth trajectory by bringing valued products to ourcustomers. The Board has recommended maiden dividend of Rs 2.50 per share.
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