Synopsis :- Electric cooking appliance demand surged as LPG shortages pushed households and businesses toward alternatives like induction cooktops and electric cookers, drawing investor attention to select kitchen appliance stocks despite broader market volatility
Kitchen appliances and electric cooking solutions are becoming an increasingly important segment within India’s consumer durables industry. Changes in energy availability, evolving consumer preferences, and the growing adoption of modern kitchen technologies are influencing demand patterns across the market.
During such periods, investors often track companies involved in electric stoves, induction cooktops, and related appliances, as shifts in household and commercial cooking habits can significantly impact sales trends and stock performance.
LPG Shortage Triggers Movement
Disruptions in global energy supply routes, particularly around the Strait of Hormuz, have triggered concerns over LPG availability in India. The shortage has begun affecting restaurants, dhabas, and other food businesses that depend heavily on commercial LPG cylinders for daily operations.
With supply constraints emerging in several cities, many businesses are exploring alternative cooking methods to continue operations. Meanwhile, the government has prioritised domestic LPG consumers, ensuring household connections receive faster deliveries even as commercial supply remains tight.
Surge in Demand
As LPG availability becomes uncertain and prices rise, consumers and businesses are rapidly shifting toward electric cooking solutions such as induction cooktops, electric pressure cookers, and rice cookers. Retailers and e-commerce platforms have reported an extraordinary spike in demand.
Online marketplaces like Amazon India have seen induction cooktop sales surge more than 30 times within just two days, while appliances such as rice cookers and electric pressure cookers recorded a fourfold increase.
Similarly, Flipkart reported that induction cooktop sales volumes have quadrupled in the last few days compared with the previous few weeks. Retail chains such as Croma have also observed a sharp rise in in-store demand for these products.
Government Measures
Authorities have taken several steps to manage the LPG shortage and maintain stable supply for households. The Ministry of Petroleum has assured that domestic LPG cylinders will continue to be delivered within roughly two and a half days of booking. The government has also widened the LPG booking interval to 25 days to manage demand more effectively.
At the same time, companies such as Reliance Industries are increasing LPG output from refining complexes and diverting natural gas supplies to priority sectors in line with national energy guidelines. Here is the list of stocks to watch
Stove Kraft Limited
Stove Kraft Limited is an Indian kitchen and home appliances company founded in 1994 and headquartered in Bengaluru, India. It manufactures and sells products such as pressure cookers, cookware, cooktops, chimneys, mixer grinders, kitchen tools, fans, lighting products, and personal care items through a wide retail distribution network in India and international markets.
With a market capitalization of Rs. 1,739.62 crore, the shares of Stove Kraft Limited were closed at Rs. 525.45 per equity share, down by 3.95 percent from the previous day’s closing price of Rs. 544.95 per equity share.
Stove Kraft Limited reported revenue of Rs. 378.37 crore in Q3FY26, compared to Rs. 404.06 crore in Q3FY25, registering a 6.36 percent YoY decline, while on a QoQ basis it fell 20.24 percent from Rs. 474.42 crore in Q2FY26. The company posted a net profit of Rs. 4.15 crore in Q3FY26, down 65.83 percent YoY from Rs. 12.14 crore in Q3FY25, and 80.56 percent QoQ from Rs. 21.36 crore in Q2FY26, reflecting a sharp drop in profitability during the quarter.
TTK Prestige Limited
TTK Prestige Limited is an Indian kitchen and home appliances manufacturer incorporated in 1955 and headquartered in Bengaluru, India. The company markets a wide range of products such as pressure cookers, cookware, gas stoves, induction cooktops, mixers, chimneys, small kitchen appliances, and home appliances under the Prestige and Judge brands, selling through Prestige Xclusive retail outlets and online channels in India and international markets.
With a market capitalization of Rs. 7,851.40 crore, the shares of TTK Prestige Limited were trading at Rs. 573.30, up by 7.07 percent from its previous day’s closing price of Rs. 535.45 per equity share.
TTK Prestige Limited reported revenue of Rs. 801 crore in Q3FY26, compared to Rs. 727 crore in Q3FY25, registering a 10.18 percent YoY growth, while on a QoQ basis it declined 3.96 percent from Rs. 834 crore in Q2FY26. The company posted a net profit of Rs. 32 crore in Q3FY26, down 43.86 percent YoY from Rs. 57 crore in Q3FY25, and 49.21 percent QoQ from Rs. 63 crore in Q2FY26, indicating pressure on profitability during the quarter.
Bajaj Electricals Limited
Bajaj Electricals Limited is an Indian consumer products and lighting solutions company incorporated in 1938 and headquartered in Mumbai, India. The company offers a wide range of fans, home appliances, kitchen appliances, cooking essentials, grooming products, and consumer lighting solutions, along with professional lighting for offices, stadiums, tunnels, and streets. Its products are sold under brands such as Bajaj, Morphy Richards, Nirlep, and Nex across India.
With a market capitalization of Rs. 4,466.11 crore, the shares of Bajaj Electricals Limited were trading at Rs. 387.50, up by 1.93 percent from its previous day’s closing price of Rs. 380.15 per equity share.
Bajaj Electricals Limited reported revenue of Rs. 1,051 crore in Q3FY26, compared to Rs. 1,290 crore in Q3FY25, registering a 18.53 percent YoY decline, while on a QoQ basis it fell 5.06 percent from Rs. 1,107 crore in Q2FY26. The company reported a net loss of Rs. 34 crore in Q3FY26, compared to a profit of Rs. 33 crore in Q3FY25, marking a shift to loss YoY, and also declined from a profit of Rs. 10 crore in Q2FY26 on a QoQ basis.
Butterfly Gandhimathi Appliances Limited
Butterfly Gandhimathi Appliances Limited is an Indian manufacturer of kitchen and electrical appliances, incorporated in 1986 and headquartered in Navalur, Tamil Nadu, India. The company sells products such as LPG stoves, mixer grinders, rice cookers, wet grinders, chimneys, breakfast appliances, irons, air coolers, fans, cookware, and stainless-steel utensils under the Butterfly brand in India and international markets, and operates as a subsidiary of Crompton Greaves Consumer Electricals Limited.
With a market capitalization of Rs. 1,244.24 crore, the shares of Butterfly Gandhimathi Appliances Limited were trading at Rs. 694, down by 0.08 percent from its previous day’s closing price of Rs. 694.50 per equity share.
Butterfly Gandhimathi Appliances Limited reported revenue of Rs. 245 crore in Q3FY26, compared to Rs. 238 crore in Q3FY25, registering a 2.94 percent YoY growth, while on a QoQ basis it declined 16.38 percent from Rs. 293 crore in Q2FY26. The company posted a net profit of Rs. 11 crore in Q3FY26, up 37.50 percent YoY from Rs. 8 crore in Q3FY25, but down 35.29 percent QoQ from Rs. 17 crore in Q2FY26.
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