• Revenue and margin outlook: Following 40% growth in Q1, Stovekraft expects full-year revenue growth to comfortably exceed 15%, with operating margins projected at 11% and above as financial and operating leverage take effect.
• Export business expansion: Export revenue is anticipated to reach approximately ₹200 crore this year, with its overall revenue contribution projected to rise from 12% to 15% by the end of next year, supported by scaling supply to IKEA and Walmart.
• PAT margin targets: Management reaffirmed that the company is on track to expand PAT margins to 7–8% over the next two years, which would potentially bring net profit to around ₹140 crore on ₹2,300 crore in revenue.
• Working capital normalization: Net working capital days temporarily increased from 23 to 45 days due to strategic inventory stocking ahead of the festive season, but are expected to stabilize back to 20–25 days across the full year.