Stove Kraft opens new retail store in Bengaluru; Stock soars 1%

15 Jun 2022 , 03:11 PM

Stove Kraft has announced the opening of its first company owned and company operated retail store in Frazer town of Bengaluru. The store will offer entire range of products including cookware, cooktops, small appliances and LED products sold under Pigeon brand.

Over next 12-18 months, the Company is expected to open 35-40 such additional company owned and company operated retail stores in the state of Karnataka.

Commenting on this development, Rajendra Gandhi, Managing Director said, “This is an important milestone in the growth journey of Stove Kraft and underlines strong consumer sentiment and business environment. Through these stores, Stove Kraft will continue to offer diversified product portfolio at an attractive price point to its customers.”

At around 3:13 PM, Stove Kraft was trading at Rs524.70 per share higher by 1.15% on the BSE.