Athira Sethu
Kochi, 12 March 2026
The stocks of companies that manufacture kitchen appliances such as TTK Prestige, Stove Kraft, and Butterfly Gandhimathi Appliances recorded a sharp jump on Wednesday, March 11. The stocks recorded the jump after the news of the shortage of imported gas supplies due to the tensions in West Asia.
The shortage mainly impacts the supply of commercial LPG cylinders. These cylinders are mostly used by hotels and restaurants for cooking food. Due to the shortage of LPG cylinders, it is becoming difficult for the restaurants to carry on their day-to-day operations.
The problem is serious, and the Federation of Hotel and Restaurant Associations of India (FHRAI) said that hotels and eateries in Mumbai may be forced to close down in the next two days due to the shortage of LPG cylinders.
According to Pradeep Shetty, the Vice President of the Federation of Hotel and Restaurant Associations of India, the same problem is being faced in other cities like Pune, Aurangabad, Nagpur, Delhi, and in the states of Karnataka, Telangana, and Andhra Pradesh.
The problem has further escalated as the government has now changed its priority for distributing locally manufactured natural gas. In this new system, LPG production has been given top priority along with CNG and household piped gas. However, this has led to a shortage of LPG that is utilized by businesses.
Because of this problem, now many people are looking for alternatives that do not require LPG for cooking. This shift is expected to provide a boost to companies that sell different cooking equipment.
Companies like Stove Kraft and TTK Prestige are selling different products like induction stoves and pressure cookers. Induction stoves use electricity instead of LPG for cooking. Pressure cookers are also useful as they save time as well as LPG.
Market experts are of the view that if the problem persists for a longer time, it could boost demand for such kitchen appliances. The demand could result in better sales for these companies.
The increase in demand expectations has also caused the share prices of the companies to go up. The shares of TTK Prestige rose by as much as 14.8%, touching a high of ₹539.70 on the NSE. The shares of Stove Kraft rose by over 7%, touching a high of ₹525.
The shares of Butterfly Gandhimathi Appliances are also rising. The shares rose by over 3%, touching a high of ₹624.10 on the NSE.
The gas supply situation is being closely monitored by the investors. A prolonged shortage may cause the demand for kitchen appliances to go up.
