Butterfly Gandhimathi Appliances reported its standalone audited financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 11, 2026. South India's leading kitchen appliances player delivered revenue of Rs. 218 Cr in Q4 FY26 and Rs. 943 Cr in FY26, with Q4 EBITDA and PAT growing 19.7% and 26.7% year-on-year, respectively. Annual net profit rose to ₹4,563.78 lakhs from ₹3,253.31 lakhs in the previous year, while revenue from operations for the full year grew to ₹94,315.30 lakhs from ₹86,503.09 lakhs. Pursuant to Regulation 47 of SEBI LODR, an extract of the audited financial results was subsequently published in Trinity Mirror (English) and Makkal Kural (Tamil) on May 12, 2026. The statutory auditors, M/s. ASA & Associates LLP, issued an unmodified audit opinion on the standalone financial results.

Operational Highlights

During Q4 FY26, the company recorded double-digit growth across categories, with cookers and gas stoves emerging as the primary growth drivers. The company continued to launch new products, including the relaunch of breakfast appliances, and saw increased adoption of electric cooking appliances driven by LPG supply constraints. For the full year, Butterfly undertook several strategic measures across organisational restructuring, capability enhancement, brand refresh, innovation roadmap development, and cost optimisation initiatives. The company also adopted a new brand architecture during the year, with the Idea First Series emerging as a key growth driver.

Commenting on the performance, Swetha Sagar, Manager & Chief Business Officer, Butterfly Gandhimathi Appliances Ltd. said, "In FY26 we focused on building a stronger foundation for sustainable growth and profitability. We undertook several strategic measures across organisational restructuring, capability enhancement, brand refresh, innovation roadmap development and cost optimisation initiatives to strengthen the business for the long term. We also adopted our new brand architecture during the year, which has been very well received by consumers and helped Idea First Series to emerge as a key growth driver with a significant contribution to the business. Overall, Butterfly has delivered a strong performance across channels and categories in Q4 & for the full year."

Quarterly and Annual Financial Performance

The company delivered strong growth across key financial metrics. Q4 EBITDA grew 19.7% to Rs. 20 Cr year-on-year, with the EBITDA margin expanding by 20 bps to 8.9%. For the full year, EBITDA grew 22% to Rs. 80 Cr and PAT (excluding exceptional items) grew 45.2% to Rs. 47 Cr, supported by strong cash flow generation of Rs. 88 Cr. Sequential material margin was maintained despite commodity cost increases in Q4.

The following table presents the key financial metrics in Rs. Cr:

Statutory Financial Results

The extract of audited financial results published pursuant to Regulation 47 of SEBI LODR presents the following quarterly and annual figures (all figures in ₹ lakhs):

Annual Financial Performance

For the full year, total income stood at ₹95,146.22 lakhs against ₹87,147.73 lakhs in FY25. Profit before exceptional items and tax rose significantly to ₹6,285.07 lakhs from ₹4,394.68 lakhs. An exceptional item of ₹159.18 lakhs was recognised during the year, arising from the reassessment of employee benefit obligations following the consolidation of 29 labour regulations into 4 New Labour Codes effective November 21, 2025. Consequently, profit before tax for FY26 stood at ₹6,125.89 lakhs.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹55,922.16 lakhs, compared to ₹46,991.03 lakhs as at March 31, 2025. Total equity increased to ₹37,225.78 lakhs from ₹32,527.92 lakhs. Current investments rose to ₹12,717.34 lakhs from ₹8,448.08 lakhs, while cash and cash equivalents grew to ₹1,300.67 lakhs from ₹966.70 lakhs. Inventories increased to ₹14,432.18 lakhs from ₹11,015.62 lakhs, and trade receivables declined to ₹6,054.57 lakhs from ₹8,170.13 lakhs. The company had no subsidiary, associate, or joint venture as on March 31, 2026.

Cash Flow Statement

The company generated net cash from operating activities of ₹8,836.72 lakhs in FY26, a significant improvement from ₹3,364.03 lakhs in FY25, driven by higher profitability and improved working capital management. Net cash used in investing activities was ₹7,675.53 lakhs, primarily on account of mutual fund investments and investment in corporate deposits with financial institutions. Net cash used in financing activities stood at ₹827.22 lakhs. Overall, cash and cash equivalents increased by ₹333.97 lakhs during the year, closing at ₹1,300.67 lakhs.

Auditor Re-appointments

The Board approved the re-appointment and appointment of the following auditors for the term April 1, 2026 to March 31, 2027, based on the recommendation of the Audit Committee. M/s. S. Mahadevan & Co, established in 1978, was re-appointed as Cost Auditors; the firm has offices in Chennai and Coimbatore and has served as cost auditors for leading companies across engineering, FMCG, metro rail, paper, sugar, and capital equipment manufacturing sectors in southern India. M/s. Ernst & Young was appointed as Internal Auditors, and M/s. ASA & Associates LLP was appointed as Tax Auditors.

Annual General Meeting

The company's 39th Annual General Meeting is scheduled to be held on Tuesday, August 4, 2026, through video-conferencing or other audio-visual means. The Board meeting on May 11, 2026 commenced at 02:15 PM and concluded at 03:40 PM. The company operates in a single reportable segment — Domestic Appliances — as identified by the Chief Operating Decision Maker, in accordance with Ind AS-108.

Butterfly Gandhimathi Appliances Limited has disclosed a consumer dispute case under Regulation 30 of SEBI Listing Regulations, with an order received from the District Consumer Disputes Redressal Commission, Jeyepore, Odisha on April 25, 2026.

Case Details and Allegations

The consumer dispute centers around allegations of a defective electric chimney product manufactured by the company. The consumer filed a complaint claiming that the electric chimney purchased was defective, leading to the formal proceedings before the District Consumer Disputes Redressal Commission.

Financial Implications of the Order

The commission has issued a comprehensive order with multiple financial components that the company must fulfill:

Timeline and Regulatory Compliance

The order was received on April 25, 2026 at 12:15 PM, and the company has made the disclosure in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The original purchase of the allegedly defective electric chimney occurred on September 9, 2023.

Company's Assessment of Impact

Despite the financial obligations arising from the consumer commission's order, Butterfly Gandhimathi Appliances Limited has stated that there is no material impact on the financial, operations, or other activities of the company. The disclosure was signed by Company Secretary and Compliance Officer Jayant Barde on April 26, 2026.

Regulatory Framework

The disclosure has been made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency for investors and stakeholders regarding legal proceedings that could potentially affect the company's operations.