Butterfly Gandhimathi Appliances Limited — Updates, 11-11-2024: Press Release

Butterfly Gandhimathi Appliances has reported its financial results for the quarter and half-year ended September 30, 2024. Revenue reached ₹258 crore, demonstrating strong sequential growth of 42% driven by festive season demand and strategic pricing actions. However, this reflects a 16% decline year-on-year due to market corrections. The company reported a gross margin of 37.3%, which improved comparatively due to price increases and effective trade spend management.

EBITDA rose to ₹23 crore (8.9% margin), representing a significant expansion of 480 basis points quarter-on-quarter and a slight increase of 70 basis points year-on-year. Net profit after tax stood at ₹13 crore with a PAT margin of 4.9%, up from 1.4% in the previous quarter, highlighting strong operational efficiencies. The results indicate potential growth opportunities, especially in e-commerce, which the company aims to leverage while maintaining sustainable margins. Investors may consider a positive outlook given the strategic initiatives in place and the performance amidst competitive pressures.