Stove Kraft shares trimmed gains after rising almost 6 percent in early trade as the company announced selling cookware via IKEA's global stores.
The company on December 19 via a press release said that it will develop a range of cookware which will be sold through IKEA's global network of stories from 2026.
The manufacturing facility for this partnership is being housed in a built up area of 180,000
square feet at its Harohalli campus, said the release.
Stove Kraft shares were trading 0.16 percent down at Rs 894.7 on the National Stock Exchange.
"The development aligns with the company’s strategic objective of expanding its global
footprint and strengthening its presence in international markets," the release said. It added, "The partnership with IKEA will also bring in global best practices in manufacturing and supply chain processes."
Stove Kraft manufactures kitchen and home appliances, including cookware, cooking appliances, and household utilities.
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