Stove Kraft shares surged over 8% on December 19, trading at ₹968.10 on the NSE following the announcement of its strategic partnership with global retail giant IKEA. This significant development highlights Stove Kraft’s entry into the international retail market as a cookware supplier for IKEA.
Key Highlights of the Partnership:
- IKEA Collaboration: Stove Kraft will manufacture a range of cookware for IKEA, set to be sold through IKEA’s global network of stores starting 2026.
- Manufacturing Expansion: The production will take place at Stove Kraft’s Harohalli campus, housed in a 180,000 sq ft state-of-the-art facility.
- Strategic Growth: This partnership aligns with Stove Kraft’s long-term vision to expand its global footprint and integrate global best practices in manufacturing and supply chain processes.
The announcement triggered a robust rally in Stove Kraft’s stock, with the share price jumping 8.03% during intraday trading, marking a strong endorsement of the company’s strategic direction by investors. The stock has also delivered significant year-to-date returns of 112.60%, reflecting consistent growth.
This collaboration with IKEA not only positions Stove Kraft as a key player in the global cookware market but also strengthens its strategic objectives of enhancing its presence in international markets and scaling operations with global standards.
