Stove Kraft Q1 FY27 Results (NSE: STOVEKRAFT)
Signal: Steady quarter
The read
Strong YoY revenue and profit growth offset by massive sequential decline typical of seasonal Q1; tax uncertainty remains a shadow despite clean audit opinion.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹480.58 Cr | 41.3% | -70.1% |
| EBIT | ₹30.08 Cr | 46.1% | |
| Net profit | ₹17.06 Cr | 63.6% | |
| EPS | ₹5.15 | 63.5% | |
| EBIT margin | 11.1% |
P&L walk
Standalone-only filing; revenue and PAT growth solid YoY but QoQ plunge steep, driven by seasonal trough.
Key positives
- Revenue grew 41.3% YoY to ₹4,805.8 million, indicating robust demand.
- PAT surged 63.6% YoY to ₹170.6 million, with EBITDA margin stable at 11.1%.
- EPS rose 63.5% YoY to ₹5.15, reflecting clean earnings quality (no dilution).
Key concerns
- Sequential revenue plunged 70.1% QoQ; while seasonal, the scale demands monitoring.
- Ongoing Income Tax search operations (Nov 2023) with unresolved assessments – auditor emphasis of matter.
- High valuation (P/E 61.97x vs industry 47.84x) leaves little room for error.
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