Induction Stove Stocks in India 2026

Induction cooking is gaining popularity in India as households shift toward energy-efficient and electric kitchen appliances. With rising urbanization and higher disposable income, the demand for investing in these shares and stocks is rising as well. 

But which are these stocks that you should look forward to? Well, if you are exploring the same answer, then read this guide. Find the answers and start investing in a more efficient manner.

Induction Stove Market Outlook

The induction stove industry outlook in India is strengthening, supported by both a temporary demand spike and steady structural growth. The market was valued at USD 795.64 million in 2025 and is projected to reach USD 1,250.70 million by 2031. Currently is expected to grow at a 7.8% CAGR. 

Recent LPG price hikes and the ongoing geopolitical situatio, has boosted the demand for the induction stove by 30X, though this is considered to be a temporary spike. It can accelerate adoption, though long-term growth will likely stabilize around the projected industry CAGR.

Top Induction Stove Stocks in India

When you are planning to invest in the induction stove stocks, here are some of the top choices that you must know:

(Data as of 14 March 2026)

1. TTK Prestige Ltd

It is one of India’s most established kitchen appliance brands with a strong portfolio of induction cooktops under the Prestige label. Induction contributes roughly 10–12% of its Rs. 2,894 crore FY25 revenue. The company is targeting Rs. 5,000 crore revenue by FY27, making it a good option for long-term investors.

2. Stove Kraft Ltd

It is known for its brand Pigeon and Gilma, with the maximum exposure in the cookware industry. Induction cooktops and hobs account for about 49% of the company's revenue, making it one of the closest listed plays on the theme. The company continues to expand distribution and benefits from partnerships such as IKEA, supporting nationwide reach.

3. Butterfly Gandhimathi Appliances Ltd

The company mainly focuses on kitchen appliances like induction cooktops, mixer grinders, LPG stoves, and cookware. It is supported by 500+ distributors and more than 25,000 retail outlets. The company reported around 30% hike in its YoY PAT and is growing consistently, which makes it a good choice for investors.

4. Havells India Ltd

The induction cooktops are part of its consumer appliances segment, which complements its dominant electricals business. While the revenue generated from these is small, the company is witnessing a growth in net profit reaching Rs. 300 crore for Q3FY26. The positive outlook and consistency in growth make the company a great option.

5. Bajaj Electricals Ltd

This is one of the biggest sellers of induction cooktops through its consumer appliances division. Though the company reported a loss of Rs. 34.10 crore recently, its plans for expansion are working in a positive direction. Its extensive distribution network helps capture incremental demand in India’s expanding kitchen appliance market.

Key Performance Indicators

(Data as of 14 March 2026)

Conclusion

The induction stove segment in India is evolving from a niche appliance category into a steady growth theme. Rising LPG costs, urban kitchens, and energy-efficient cooking solutions are supporting the demand for induction cooktops.

But when you plan to invest in electric stove stocks, you must consider the current and future demands as well. Also, a detailed analysis will be important. This is where Rupeezy can help you a lot. So register and get all the details you need to trade better.

FAQs

Which companies make induction stoves in India?

Some listed companies involved in induction cooktops include TTK Prestige, Stove Kraft, Butterfly Gandhimathi Appliances, Havells India, and Bajaj Electricals. 

Why are induction stove stocks rising in 2026?

Induction stove stocks gained attention in 2026 mainly due to rising LPG prices and supply concerns. But it is important to note that these are the result of the ongoing geopolitical conditions.

What is the downside of induction stoves?

Induction stoves require compatible cookware with magnetic bases. There should be a reliable electrical supply, or else you would be unable to use the cooktop.

Are induction cooktops replacing LPG stoves in India?

Not fully. Gas stoves still remain the primary cooking method in many Indian homes. The induction cooktops are being used as a support or additional option.

Is investing in induction stove stocks risky?

Yes, like any sector theme, there are risks. Demand spikes may be temporary, competition in appliances is high, and companies often depend on broader kitchen appliance sales rather than induction products alone.