Stove Kraft - Investing For Next Phase Of Growth: Yes Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Stove Kraft Ltd. has forayed into new adjacent businesses of branded modular kitchens and electric switches and accessories through acquisition of Metsmith Innovations Pvt. Ltd. and Skava Electric Pvt. Ltd. These businesses will complement the company’s existing business and core competencies like manufacturing, distribution and brand equity. Stove Kraft can derive significant synergy benefits with an already existing distribution network in place with 24,000 touch points across 12 states for its Pigeon LED and pan‐ India distribution network for kitchen appliances. Branded modular kitchen market is estimated to be around Rs 120 billion and expected to grow at 20% compound annual growth rate, while that of electrical products is Rs 150 billion. The company is targeting ~3% market share in electrical products in next three‐four years and is targeting revenue of Rs 4‐5 billion from these new segments..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Stove Kraft - Investing For Next Phase Of Growth: Yes Securities

Stove Kraft - Investing For Next Phase Of Growth: Yes Securities

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