LPG Shortage May Lead To Gain In Shares Of Induction Cooker Companies

Shares of kitchen appliance companies such as Hawkins Cookers Ltd. and Borosil Ltd. have seen buying interest recently. Investors are betting that concerns about LPG supply could push some households to use induction cooktops and other electric cooking appliances.

Investors are tracking these and other appliance makers that could benefit if consumers look for such alternatives to LPG-based cooking.

LPG Concerns And Search For Alternatives

India relies heavily on LPG for household cooking. According to the Petroleum Planning & Analysis Cell (PPAC), the country has more than 33 Cr domestic LPG connections. The annual consumption is close to 31.3 million tonnes, out of which about 87% is used in domestic households.

Because LPG is used so widely, even temporary supply issues can prompt households to explore other cooking options.

In cities where the electricity supply is stable, induction cooktops are often used as a convenient backup. Analysts say this could lead to a short-term rise in demand for such appliances.

Appliance Companies Attract Investor Attention

Following these developments, investors have been closely watching companies that sell cookware and kitchen appliances.

Hawkins Cookers Ltd. and Borosil Ltd. are well known for their range of kitchen products that include electrical appliances and cookware. Because both companies already have strong brands and distribution networks across India, investors believe they could benefit if sales of electric cooking appliances increase.

On 10th Mar 2026, most of the popular companies in this segment saw an increase in their share price, such as:

• Hawkins Cookers: 4.8%

• Borosil: 13%.

• TKK Prestige: 7%

• Bajaj Electricals: 7%

• Butterfly Gandhimathi Appliances: 2%

India’s Electric Cooking Appliance Market

The market for electric kitchen appliances in India has been growing steadily. Industry estimates value the country’s kitchen appliance market at around ₹25,000 Cr.

Induction cooktops have become particularly popular because they are portable, energy-efficient and generally affordable compared with gas stoves. They also allow households to cook using electricity when LPG cylinders are delayed or unavailable.

Electricity Access Also Supports Adoption

Another factor supporting electric cooking appliances is improved electricity access across India. Government programmes such as the Saubhagya Scheme have helped extend electricity connections to most households.

Due to a reliable power supply, appliances like induction cooktops are easier to use as part of everyday cooking. Many urban homes now use a combination of LPG and electric appliances, depending on convenience.

Also Read - SBI Mutual Fund Plans A ₹13,000 Crore IPO Through OFS

Investor Takeaway

Although the LPG supply concerns may be temporary, there is the possibility of a higher demand for electric cooking appliances in the near future.

For now, the stock market reaction shows that investors see potential opportunities for kitchen appliance companies if the shift to electric cooking continues.

Sources:

Moneycontrol

ET Energy