Shares of kitchen appliance makers Stove Kraft Limited and Butterfly Gandhimathi Appliances Limited climbed up to 5% in Wednesday’s session, as investors reacted to rising demand for electric cooking appliances such as induction cooktops amid concerns over LPG supply disruptions across parts of India.
On the National Stock Exchange of India, Stove Kraft shares were trading around ₹506.70, up about 4.19%, after touching an intraday high of ₹525. Meanwhile, Butterfly Gandhimathi Appliances shares rose around 5.46% to ₹638, after hitting an intraday high near ₹639.95 during the session.
The rally in these kitchen appliance stocks comes as demand for electric cooking solutions such as induction cookers and electric stoves has reportedly increased, following concerns over LPG supply shortages linked to geopolitical tensions in West Asia and the ongoing Iran conflict.
In recent days, reports have indicated that restaurants, hotels and even households in several cities have started exploring electric cooking alternatives amid tightening LPG availability. Electric appliances such as induction cooktops, electric rice cookers and hot plates are emerging as short-term substitutes when gas supply becomes uncertain.
This shift has led investors to bet on companies involved in manufacturing kitchen appliances and induction cooking products, pushing shares of related companies higher.
Stove Kraft Limited is a prominent kitchen appliance manufacturer known for brands such as Pigeon and Gilma. The company manufactures a wide range of products including induction cooktops, gas stoves, pressure cookers, cookware, mixer grinders and other kitchen appliances. Induction cooktops form a key part of its small appliance portfolio.
Similarly, Butterfly Gandhimathi Appliances Limited, part of the Crompton group, is a well-known kitchen appliance brand offering mixer grinders, induction cooktops, cooktops, pressure cookers, electric kettles and other home kitchen products.
Both companies have a strong presence in the induction cooktop segment, which could see increased traction if consumers and commercial kitchens shift temporarily toward electric cooking solutions.
The surge in the stocks reflects the market’s expectation that any sustained shift toward electric cooking appliances could benefit companies manufacturing induction stoves and electric kitchen devices.
While LPG shortages may be temporary, the situation has highlighted the potential for alternative cooking technologies, which could provide a near-term demand boost for kitchen appliance manufacturers.
Investors often track such sector-specific developments closely, especially when changes in consumer behaviour or supply disruptions create short-term demand spikes for specific products.