Q4FY21 Company Update - Butterfly Gandhimathi - ICICI Direct

Butterfly Gandhimathi (BGAL) reported strong revenue and improved profitability aided by favourable base. Revenues in Q4FY21 grew 86% YoY to Rs. 207 crore with PAT of Rs. 8.9 crore vs. net loss of Rs. 7.7 crore in Q4FY20. 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 bps 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 (Q4FY20: EBITDA loss of Rs. 4.5 crore). On the back of strong operational performance, PAT was at Rs. 8.9 crore vs. net loss of Rs. 7.7 crore in Q4FY20.

For details, click on the link below: Link to the report

Shares of Butterfly Gandhimathi Appliances Ltd was last trading in BSE at Rs.774.95 as compared to the previous close of Rs. 650.9. The total number of shares traded during the day was 92967 in over 5325 trades.

The stock hit an intraday high of Rs. 781.05 and intraday low of 650.45. The net turnover during the day was Rs. 68806244.

Source : Equity Bulls

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