India’s leading consumer durables company Stovekraft Ltd. has announced the opening of its 300th Exclusive Brand Outlet (EBO) in India.
The company opened its first EBO in 2022 and has reached the 300 store milestone in record time, thanks to its aggressive operational abilities, backed with tremendous marketing and projected 30% RoI annually.
The company has the single largest manufacturing facility for kitchen appliances in the country at Bangalore and another manufacturing unit at Baddi, Himachal Pradesh.
The company employs over 6,500 staff as foot soldiers, at its factories, and retail stores.
Stovekraft’s flagship brands include Pigeon and Gilma, each with a unique customer proposition and different go-to-market strategies and are present across the country.
The company also managed distribution for Black & Decker.
Editor’s Note
Stovekraft India reported revenues of INR 1,449 Cr. for FY 24-25, with a PAT of INR 38.5 Cr, up 12,8% over last year.
The company has carved a niche across the world, garnering extensive presence in the Middle East, Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman and Tanzania.
The company’s products are present internationally at Walmart, Big Lots, and Belk in the USA.