Analysts/Institutional Investor Meet/Con. Call Updates

11 August 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543260 NSE Symbol: STOVEKRAFT Sub: Intimation under Regulation 30 - Transcript of Earnings Call Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings call held on 04 August 2026. Please also note that the transcript of the Earnings call will also be made available on our website https://stovekraft.com/investors/ Request you to kindly take the same on record. Thanking you, Yours faithfully, For Stove Kraft Limited Shrinivas P Harapanahalli Company Secretary & Compliance Officer “Stove Kraft Limited Q1 FY27 Earnings Conference Call” August 04, 2026 MANAGEMENT: MR. RAJENDRA GANDHI – MANAGING DIRECTOR – STOVE KRAFT LIMITED MR. SUBHADEEP PAL – CHIEF FINANCIAL OFFICER – STOVE KRAFT LIMITED MR. CHANDRU KALRO – VICE CHAIRPERSON – STOVE KRAFT LIMITED MR. HEMANT KUMAR KOTHARI – VICE PRESIDENT, INVESTOR RELATIONS – STOVE KRAFT LIMITED MODERATOR: MS. VIDHI VASA – MUFG INTIME Page 1 of 18 Stove Kraft Limited August 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call of Stove Kraft Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Vidhi Vasa from MUFG Intime. Thank you, and over to you. Vidhi Vasa: Thank you, Nisa. On behalf of MUFG Intime, I welcome you all to Stove Kraft Limited Q1 FY27 Earnings Conference Call. Today on this call, we have Mr. Rajendra Gandhi, sir, Managing Director; Mr. Subhadeep Pal, Chief Financial Officer; Mr. Chandru Kalro, Vice Chairperson; and Mr. Hemant Kumar Kothari, Vice President, Investor Relations. Before we begin the call, I would like to give a short disclaimer. This call may contain some of the forward-looking statements, which are completely based upon our belief, opinion and expectation as of today. The statements are not a guarantee of our future performance and involve unforeseen risks and uncertainties. And with this, I would like to hand over the call to Gandhi, sir. Over to you, sir. Rajendra Gandhi: Good afternoon, everyone, on behalf of Stove Kraft Limited. I extend a warm welcome to all participants to the Q1 FY27 financial results earnings call. We also have MUFG Intime with us on this call who are our advisers on Investor Relations. Along with me is Mr. Chandru Kalro, our Vice Chairman; Mr. Subhadeep Pal, our CFO; and Mr. Hemant Kothari, Vice President, Investor Relations. We have uploaded our investor deck and earnings press release on the stock exchanges and on the company's website. I hope everybody had an opportunity to go through them. We are pleased to report on our strongest ever first quarter performance since inception. A particularly noteworthy achievement given that Q1 has traditionally been a seasonally softer quarter for the kitchen appliances industry. Our revenue has grown by 41.3% over the same period last year. This performance was delivered against the backdrop of global economic uncertainty, geopolitical tensions, supply chain disruptions, commodity price volatility, and currency fluctuations. Despite these external headwinds, Stove Kraft delivered a strong performance, outperforming the industry growth trends, and further strengthening our market positions, reflecting the positive impact of the strategic initiatives undertaken by the group over the last few years. The quarter was marked by healthy revenue growth, meaningful margin expansion, and profitability growth, that significantly outpaced revenue growth, driven by the increasing benefits of operating and financial leverage. Page 2 of 18 Stove Kraft Limited August 04, 2026 More importantly, the quality of growth continues to improve, supported by strong momentum across our general trade business, expanding retail footprint, premiumization-led product innovation, and disciplined execution across the value chain. These results reinforce our confidence that the investments made in distribution expansion, brand building, supply chain capabilities, and product development are beginning to deliver sustainable outcomes. As we look ahead, with strong channel momentum, continued traction in premium categories, an expanding retail network, and onset of the festive season in the coming quarters, we believe we are well positioned to build on this strong start and continue delivering profitable, market- leading growth. Turning to the product-wise performance, growth during the quarter was broad-based across our key product categories, reflecting the strength of our diversified portfolio and ability to capture consumer demand across multiple segments. The Induction Cooktop category delivered exceptional growth of 315.9% year-on-year, driven by strong underlying demand trends and our ability to effectively capitalize on the market opportunity following geopolitical disruptions. While the category witnessed extraordinary growth last year, demand continues to remain substantially above pre-war level, indicating a structural shift in consumer adoption rather than a temporary spike. ICT contributed 27% of our total revenues during the quarter, reaffirming it as a key growth engine for the business, reflecting our manufacturing capability with great agility to meet demands. Beyond the Induction Cooktop, growth remained healthy across our core categories, underscoring the resilience and depth of our portfolio. The Pressure Cooker segment grew by 41.3% year-on-year and contributed, to our overall revenues. Our non-stick cooker recorded robust growth of 21.8% year-on-year, accounting for 21% of our revenues during the quarter. These performances were supported by strong brand acceptance, product innovation, expanding distribution reach, consumer inclination towards premium products, and affordability due to reduction in GST. While Small Appliances & Gas Cooktop categories witnessed temporary moderation, the small appliances category was affected by deficiency on the supply side as this was, the lines and other resources that were allocated to the small appliances were utilized together to the surge in sudden demand for Induction Cooktop, which now has stabilized with all the additional requirements for Induction Cooktops in place. They continue to represent a significant 27.5% of our revenue mix. The sustained growth across our core categories demonstrates the benefits of our diversified business model, ongoing premiumization initiatives, and focused investment in product development and market expansion. The broad-based growth strengthens our confidence in the sustainability of our growth trajectory and imposes our ability to deliver consistent value creation over the long term. Premiumization Page 3 of 18 Stove Kraft Limited August 04, 2026 is emerging as a key growth theme at Stove Kraft as consumer preferences evolve towards higher value and feature-rich products, we continue to invest in innovation and category creation. Our focus on introducing differentiated products and other technology-led kitchen solutions is helping us create new consumer segments while improving product mix and realizations. These initiatives are not only strengthening our brand positioning but also enabling us to drive industry- leading growth across categories. We believe premiumization will continue to be a significant growth lever for the company and play an important role in driving both revenue growth and margin expansion in the years ahead. Moving on to channel-wis [Showing first 8,000 characters — download PDF for full document]