Butterfly Gandhimathi Appliances Ltd., South India’s leading kitchen appliances brand, announced its standalone financial results for the quarter ended September 30, 2024. The company recorded a revenue of Rs 258 crore for Q2 FY25, marking a 16% decline compared to Rs 308 crore in the same period last year. Net profit for the period stood at Rs 13 crore, down by 13% year-on-year from Rs 15 crore in Q2 FY24.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Revenue: Rs 258 crore, a decline of 16% from Rs 308 crore in Q2 FY24.
- Material Margin: Rs 96 crore, down by 16% from Rs 114 crore in the same period last year.
- Material Margin Percentage: 37.3%, an increase of 30 basis points from 37% in Q2 FY24.
- EBITDA: Rs 23 crore, down 9% from Rs 25 crore year-on-year.
- EBITDA Margin: 8.9%, an increase of 70 basis points from 8.2% in Q2 FY24.
- Net Profit (PAT): Rs 13 crore, a decrease of 13% from Rs 15 crore in the corresponding quarter of the previous year.
- PAT Margin: 4.9%, up by 20 basis points from 4.7% YoY.
Operational Highlights
- The retail channel maintained growth momentum and market share in key categories, supported by strategic pricing actions amidst competitive market conditions.
- E-commerce (Ecom) channels contributed positively to margin improvement, despite a revenue decline attributed to base corrections.
- Sequential growth of 42% across categories was driven by the ongoing festive season.
Management Commentary
Swetha Sagar, Manager & Chief Business Officer of Butterfly Gandhimathi Appliances Ltd., commented on the results: “Interventions in previous quarters, including product restructuring and pricing actions, helped us deliver good sequential growth and a margin improvement to 8.9%. Leveraging the festive season, the trade channel continued its growth momentum, especially through alternate channels except Ecom. In Ecom, our focus remains on growing revenues with sustainable margins.”
