India's Stove Kraft gains on plans to scale up retail footprint, revenue share

Stove Kraft

23/10/2025 07:52

** Shares of Stove Kraft STOE.NS rise 2.7% to 725 rupees apiece

** Kitchen appliance maker announces plans to scale its retail footprint, targeting 500 exclusive stores by April 2027

** The company has 300 exclusive outlets as of now

** With standalone retail stores estimated to contribute to nearly 15%-20% of revenue over the next two years, the addition of 200 exclusive stores will be a significant growth driver, says STOE's management

** According to a Deloitte-FICCI report, India's retail market, valued at $1.06 trillion in 2024, is projected to nearly double to $1.93 trillion by 2030

** STOE shares are down 19.4% in 2025 so far, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))