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flag Stove Kraft's net profit fell 66.6% in Q3 FY26 due to weak demand and one-time costs, despite expanding its store count.

flag Stove Kraft reported a 66.6% drop in net profit to Rs 4 crore in Q3 FY26, with revenue falling 6.4% to Rs 378.3 crore due to weak consumer durables demand. flag EBITDA declined 15% to Rs 34.2 crore, and operating margins narrowed to 9% amid one-time costs including a Rs 1.24 crore gratuity provision and a Rs 1.90 crore forex loss. flag Despite challenges, the company added 17 new stores, reaching 313 outlets across 21 states and 138 cities. flag For the first nine months of FY26, revenue rose 4.9% to Rs 1,192.9 crore, gross margins improved to 38.8%, and working capital days fell to 43. flag The Pigeon brand grew 9.7% year-to-date, and Stove Kraft remains on track to open 500 standalone Pigeon stores by 2027.

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