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Butterfly Gandhimathi Appliances Results: Latest Quarterly Results & Analysis

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Butterfly Gandhimathi Appliances Ltd. 04 Nov 2025 18:20 PM
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Q2FY26 Quarterly Result Announced for Butterfly Gandhimathi Appliances Ltd.

Household Appliances company Butterfly Gandhimathi Appliances announced Q2FY26 results

  • Revenue stood at Rs. 293 crore; growth of 14% YoY led by growth in key channels.
  • EBITDA of Rs. 28 crore, grew by 21% YoY driven by gross margin improvement & spend optimization.
  • EBITDA margin expanded by 60 bps YoY to 9.5%.
  • PAT: Rs 17 crore compared to Rs 13 crore during Q2FY25, change 34%.
  • PAT Margin: 5.8% for Q2FY26.

Swetha Sagar, Manager & Chief Business Officer, Butterfly Gandhimathi Appliances, said: “We delivered a strong performance this quarter, recording a revenue of 14% YoY and a robust EBITDA growth of 21% YoY. This was driven by consistent momentum month-on-month, improved gross margins, and disciplined cost management. Launch of new products under the Idea First Series across channels and regions fueled the growth. The brand refresh launched in Q1 has been well-received, further strengthening our product portfolio and market presence.”

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Household Appliances company Butterfly Gandhimathi Appliances announced Q1FY26 results

  • Revenue stood at Rs 187 crore; growth of 3% YoY, despite challenging environment and subdued demand situation.
  • EBITDA of Rs 13 crore, grew by 39% YoY driven by pricing and product mix actions; EBITDA margin expanded by 170 bps to 6.8%.
  • EBIT more than doubled over last year to Rs 7 crore, growth of 144% YoY.

Swetha Sagar, Manager & Chief Business Officer, Butterfly Gandhimathi Appliances, said: “Amidst a subdued consumer demand, we continue to deliver revenue growth and robust EBITDA growth. This quarter we began a new journey with the refreshed brand positioning, ‘Celebrating Change’ reinforcing our commitment to innovation and relevance in a dynamic market. Staying true to our new positioning, we have introduced industry first solutions across key categories through the ‘Idea First Series’ as a thoughtful response to evolving lifestyles in the kitchen industry.

We are committed to delivering strong performance by leveraging the strength of our brand and the ongoing revamp of our product portfolio to drive growth, enhance consumer engagement, and strengthen our market position.”

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Household Appliances company Butterfly Gandhimathi Appliances announced Q3FY25 results

  • Revenue stood at Rs 238 crore, in line with last year amidst slowdown in consumer spends.
  • EBITDA: Rs 17 crore compared to Rs 2 crore during Q3FY24, change 34.3%.
  • EBITDA margin: 7.2% for Q3FY25.
  • PAT:  Rs 8 crore compared to Rs -2 crore during Q3FY24.
  • PAT margin: 3.5% for Q3FY25.

Swetha Sagar, Manager & Chief Business Officer, Butterfly Gandhimathi Appliances, said: “Interventions over the last few quarters have helped us to drive sustainable revenue and better profitability. This performance comes amidst subdued consumer demand, reinforcing our brand and channel strengths. We are focusing on building our capabilities across areas to drive consumer centricity and operational efficiencies. We expect the momentum to continue in our key categories aided by premiumization and expansion into emerging channels.”

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Household Appliances company Butterfly Gandhimathi Appliances announced Q2FY25 results

Financial Highlights:

  • Revenue: Rs 258 crore compared to Rs 308 crore during Q2FY24, change -16%.
  • EBITDA: Rs 23 crore compared to Rs 25 crore during Q2FY24, change -9%.
  • EBITDA margin: 8.9% for Q2FY25.
  • PAT: Rs 13 crore compared to Rs 15 crore during Q2FY24 change -13%.
  • PAT margin: 4.9% for Q2FY25.

Other Highlights:

  • Revenue stood at Rs 258 crore wherein retail channel continued its growth momentum and maintained market share in key categories.
  • Successfully executed pricing actions amidst heightened competitive intensity.
  • Strong sequential growth of 42% across categories and channels led by ongoing festive season.
  • Driving profitable growth in Ecom has helped in improving margins while revenue has dropped due to base corrections.

Swetha Sagar, Manager & Chief Business Officer, Butterfly Gandhimathi Appliances, said: “Interventions in previous quarter including product restructuring and pricing actions helped us deliver good sequential growth coupled with margin improvement to 8.9%. Leveraging the festive season, the trade channel continued its growth momentum supported by alternate channels except Ecom. In Ecom, our focus would be on growing revenues with sustainable margins.”

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Household Appliances company Butterfly Gandhimathi Appliances announced Q4FY24 results:

  • Revenue at Rs 166 crore (-11% YoY) and EBITDA at Rs -22 crore. This is not comparable with previous period/s due to the following:
  • Standardisation of operating procedures between Butterfly and croreompton and certain one-time settlements with channel partners
  • Full year liability of Extended Producer Responsibility (EPR) of Rs 1.2 crore, crystalised in Q4
  • Reorganisation of bottles and flasks sourcing resulted in impact of Rs 2.1 crore in Q4. This would be margin accretive on an ongoing basis.
  • Stepped up investments in marketing; incurred Rs 24 crore during the quarter as against Rs 10 crore last year

Commenting on the business development, Swetha Sagar said, “I am glad to be associated with Butterfly, an organization which has a strong brand equity and enjoys market leadership across many categories in kitchen appliances. At Butterfly, we will continue to focus on channel development, capability building and investments behind brand. Also, going forward, we plan to progressively address pricing gaps between channels to raise realisations. We are optimistic about the outlook for the year in the context of impending new product introductions, emphasis on channel engagement and productivity improvements.” 

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Household Appliances company Butterfly Gandhimathi Appliances announced Q2FY24 results:

1. Financial Highlights:
- Revenue at Rs 308 crore, a decrease of 16% YoY.
- Material Margin at 37.0%, a YoY increase of 170 bps.
- EBITDA at Rs 25 crore, with an EBITDA Margin of 8.2%.
- PAT at Rs 15 crore, with a PAT Margin of 4.7%.

2. Operational Highlights:
- Investments in capability building, brand strengthening, operations optimization, and R&D.
- Retail and Modern Trade channel growth during industry slowdown.
- Shift in festive season impacting sales phasing.
- Focus on improving distribution reach and customer engagement.
- Recognition of the 'Butterfly' brand as an Iconic Brand of India.

3. Update on the Merger Process:
- Scheme for merger with Crompton Greaves Consumer Electricals Ltd. is underway.
- NOC received from BSE and NSE.
- The NCLT approval process is in progress with a shareholders' meeting scheduled.
- Favorable voting recommendation by proxy advisory firms.

Commenting on the performance, Rangarajan Sriram, Managing Director, of Butterfly Gandhimathi Appliances said, “We continue to focus on balancing and growing our core channels. The sales phasing of online channels has been reorganised across platforms & categories. Despite an industry-wide slowdown, our retail channel continued to grow, and we registered growth in the Kerala region, boosted by Onam festivities. EBITDA Margin stood at 8.2% for the quarter, post investments in marketing and people.

With the shift in the festive season this year, we anticipate an uptick in demand in Q3. Premium segments continue to grow across categories as we invest in brand awareness and introducing new products across markets & channels to drive higher sales.”

 

 

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Household Appliances company Butterfly Gandhimathi Appliances announced Q1FY24 results:

  • Revenue at Rs 219 crore (-14% YoY). Continued the strategic restructuring of the channel mix in favour of Trade. This led to strong double-digit growth in B2C channels such as Retail, Modern Trade, and Chain stores across categories while de-risking Corporate channels.
  • Online channels faced subdued growth due to conscious phasing aligned to secondary offtakes.
  • Share of business from new products at 14% of Total Q1 Sales.
  • Material Margin at 42%, expansion of 650 bps YoY. Significant improvement in Material Margins driven by a rebound in Trade channel along with value engineering.
  • EBITDA at Rs 20 crore EBITDA Margin at 9.0% post investments in marketing and people
  • PAT at Rs 15 crore ( 11% YoY). PAT Margin at 6.7%, expansion of 150 bps YoY

Commenting on the performance, Rangarajan Sriram, Managing Director, Butterfly Gandhimathi Appliances said, “Through our strategic focus on channel restructuring, we continue to drive sustainable growth in B2C channels such as retail outlets, modern trade, chain stores, and e-commerce, while de-risking non-core channels. This led to Revenue of Rs 219 crore for the quarter amidst a challenging demand situation and strong Material Margins of ~42% ( 650 bps YoY) on account of improvement in channel mix and value engineering. EBITDA Margin stood at 9.0% for the quarter.

With the merger of Butterfly and Crompton underway, there is an opportunity to start realizing Go-to-Market synergies as we endeavor to improve Butterfly’s reach in the Western and Northern markets. Our focus on new premium product launches continues in addition to driving improvements in non-retail channels, especially e-commerce, through product, pricing, and marketing interventions.”

 

 

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Butterfly Gandhimathi Appliances declares Q4FY22 result:

  • The uncertainty created by the transaction led the channel to reduce their stock levels and purchases (Revenue impact around 40-50 crs)
  • The lag between steep increase in commodity prices and pricing action impacted Gross Margins by about 5-6%. This is more a question of timing and the host of planned actions, including pricing will restore gross margins in the short term to their historical levels.
  • Management assessment on the need for some additional provisions, including provisioning for old & ageing inventory created a charge of about 12 crs.
  • Exceptional items by way of additional provisions for expected credit loss of Rs 6.6 crs.

 

Result PDF

Household Appliances company Butterfly Gandhimathi Appliances declares Q3FY22 result:

  • Total Income (Net) during Q3 FY22 stood at Rs. 258.5 crore, as against Rs. 297.9 crore in Q3 FY21, a decrease of 13.2% YoY
  • EBIDTA during Q3 FY22 stood at Rs. 21.6 crore, as against Rs. 36.2 crore in Q3 FY21.
  • PBT decreased to Rs. 14.0 crore in Q3 FY22, as against Rs. 28.5 crore in Q3 FY21.
  • PAT stood at Rs. 9.0 in Q3 FY22, as against Rs. 18.5 crore in Q3 FY21, a decrease of 51.7% YoY

 

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Highlights

  • Highest ever Total Income (Net) reported in a quarter, a growth of 40% YoY
  • EBIDTA during Q2 FY22 stood at Rs. 46.9 crore, as against Rs. 34.7 crore in Q2 FY21.
  • PBT increased to Rs. 39.2 crore in Q2 FY22, as against Rs. 26.4 crore in Q2 FY21.
  • PAT stood at Rs. 25.5 in Q2 FY22, as against Rs. 17.2 crore in Q2 FY21, a growth of 48% YoY.

 

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