Stovekraft: Stove Kraft informed about the Income Tax Department s search of its facilities and manufacturing operations on November 22, 2023. There were disruptions in manufacturing and sales operations from November 21 to November 23 at the Baddi location in Himachal Pradesh and from November 22 (afternoon) to November 26 at the Bengaluru location. Following that, production activities at the Bengaluru and Baddi sites were completely restored on November 27 and 24, respectively.
Despite revenue growth of 13 percent in FY23, falling short of the expected 20 percent, the management expects EBITDA margin to recover to 11 percent by the end of H1FY24
Mumbai: The 360-degree marketing agency, Team Pumpkin, has won the digital and creative mandate for Stovekraft. With this new partnership, Team Pumpkin will be at the forefront of all the digital activities for Stovekraft’s brands Pigeon, Gilma, Skava, and Black+Decker. The account was won following a multi-agency bid. Team Pumpkin will handle the account from its Mumbai