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Stove Kraft's Growth Engines Well-Oiled With Backward Integration, Says Nirmal Bang Maintaining 'Buy'
Given the margin levers, product-mix improvement, and visible execution, Nirmal Bang believes a re-rating can occur quickly.
16 Sep 2025, 01:50 PM IST 
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Stove Kraft has been incurring capex toward setting up manufacturing facilities for backward integration with cumulative investments of ~Rs 4 billion over the past four years.
(Photo Source: Company website)
Stove Kraft’s collaboration with IKEA (starting FY26) to supply ceramic cookware is set to boost exports significantly, especially from bakeware and outdoor cooking lines targeting the US market.
