Butterfly Gandhimathi Appliances Ltd.
Q4FY22 Quarterly Result Announced for Butterfly Gandhimathi Appliances Ltd.
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.