BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Butterfly Gandhimathi Appliances Ltd. reported strong revenue and improved profitability aided by favourable base.
Revenue in Q4 FY21 grew 86% YoY to Rs 207 crore with profit after tax of Rs 8.9 crore versus net loss of Rs 7.7 crore in Q4 FY20.
The healthy growth was due to enhanced customer interest in kitchen appliances due to accentuated preference for home cooked food.
Revenue growth was visible across all channels except gas dealers.
Though gross margins fell 340 basis points YoY to 41% owing to higher input cost and change in product/channel mix, Ebitda margin was at 6.6% and Ebitda at Rs 13.6 crore (Q4 FY20: Ebitda loss of Rs 4.5 crore).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR