Butterfly Gandhimathi - Focusing On Sustained Profitable Growth: ICICI Direct
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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).
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