Butterfly Gandhimathi Appliances holds 39th AGM, approves FY26 accounts

Butterfly Gandhimathi Appliances held its 39th Annual General Meeting (AGM) on August 4, 2026, approving its financial results for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing and other audio-visual means (VC/OAVM), also saw shareholders ratify the remuneration of the company’s cost auditors and reappoint a key board member. This procedural milestone confirms shareholder alignment with management’s reporting and governance structure for the coming year.

The meeting commenced at 11:00 AM IST and concluded at 11:50 AM IST, with e-voting remaining open until 12:05 PM IST. In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company engaged National Securities Depositories Limited (NSDL) for remote e-voting and appointed M/s. Alagar & Associates LLP as the scrutinizer. Remote voting was available from July 31, 2026, at 9:00 AM to August 3, 2026, at 5:00 PM.

P M Murty chaired the proceedings, welcoming members alongside other board members including Swetha Sagar G, Promeet Ghosh, Kaleeswaran Arunachalam, K. E. Ranganathan, Smita Anand, V A Jospeh, and Company Secretary Jayant Barde. The statutory, cost, and secretarial auditors were also present. The Chairman provided an overview of the company’s financial and non-financial disclosures before opening the floor for questions.

Resolutions Passed

Shareholders considered three ordinary resolutions during the meeting. All items were part of the ordinary business agenda as outlined in the notice dated May 11, 2026.

Resolution Description	Type
Adoption of Audited Financial Statements for FY ended March 31, 2026	Ordinary
Re-appointment of Nithiyanandam Anandkumar as Director liable to retire by rotation	Ordinary
Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors	Ordinary

The results of the remote e-voting and the votes cast during the meeting are scheduled to be declared within two working days of the meeting’s conclusion. The final outcome will be uploaded on the stock exchanges’ websites, the NSDL platform, and the company’s official website.

Governance and Compliance

The AGM adhered to the circulars issued by the Ministry of Corporate Affairs and SEBI, as well as the provisions of the Companies Act, 2013. The deemed venue for the meeting was the company’s corporate office located in Navalur, Chengalpattu District, Tamil Nadu. Jayant Barde, Company Secretary & Compliance Officer, facilitated the process and ensured all regulatory requirements were met during the virtual proceedings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.89%	-13.37%	-6.88%	+11.52%	-6.51%	-17.01%

Butterfly Gandhimathi Appliances reported a 38% year-on-year increase in net profit for the quarter ended June 30, 2026, reaching ₹9 crore, driven by robust top-line growth and improved operational efficiency. The company’s revenue from operations rose 14% to ₹214 crore, reflecting strong demand across retail, regional chains, modern trade, and online channels. This performance underscores the company’s ability to scale profitability alongside sales volume in Q1FY27, with EBITDA growing faster than revenue at 17%.

The Board of Directors approved the unaudited financial results on August 3, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations. The results were reviewed by the statutory auditors, ASA & Associates LLP, who issued an unmodified limited review report. Jayant Barde, Company Secretary & Compliance Officer, confirmed the disclosure to BSE and NSE.

Q1FY27 Financial Performance

The following table details the key financial metrics for the quarter ended June 30, 2026, compared to the corresponding period in the previous fiscal year:

Metric:	Q1FY27 (₹ Cr)	Q1FY26 (₹ Cr)	YoY Change
Revenue from Operations	214	187	+14.0%
Material Margin	88	77	+14.0%
Material Margin (%)	41.1%	41.1%	2 bps
EBITDA	15	13	+17.3%
EBITDA Margin (%)	7.0%	6.8%	20 bps
Net Profit (PAT)	9	6	+38.0%
PAT Margin (%)	4.2%	3.4%	73 bps

Revenue and Profitability Analysis

Revenue from operations increased to ₹214 crore in Q1FY27 from ₹187 crore in Q1FY26. This growth was supported by broad-based sell-out trends and higher traction of the premium 'Idea First Series' range, which commanded a larger share of the revenue mix. Swetha Sagar, Manager & Chief Business Officer, attributed the performance to strong execution across markets and disciplined pricing actions that mitigated commodity inflation.

Net profit for the quarter stood at ₹9 crore, a significant improvement from ₹6 crore in the prior year period. The earnings per share metrics were not explicitly detailed in the standalone press release but align with the consolidated net profit rise. The company’s total comprehensive income was previously reported at ₹79.9 million in consolidated terms.

Cost Management and Margins

Material margin remained stable at 41.1%, amounting to ₹88 crore, despite cost inflation pressures. This stability was achieved through pricing interventions across both online and offline channels. EBITDA grew to ₹15 crore from ₹13 crore, benefiting from operating leverage and cost initiatives. Consequently, the EBITDA margin expanded by 20 basis points to 7.0%, while the PAT margin widened by 73 basis points to 4.2%.

What the Numbers Show

The divergence between revenue growth (14%) and net profit growth (38%) highlights effective cost control and operational leverage. The ability to maintain a constant material margin percentage while expanding EBITDA and PAT margins indicates successful pass-through of input costs to consumers. Additionally, the company gained market share in mixer grinders, pressure cookers, and glass cooktops, reinforcing its position as a top-three brand in India's kitchen appliances sector. The recognition of the Golden Peacock Eco-Innovation Award for the 'RENZ COOKTOP' further validates its innovation pipeline.