Butterfly Q4 PAT Rises 26.7% YoY to Rs 11 Cr
Butterfly Gandhimathi Appliances announced its Q4 and FY26 results, reporting a revenue of Rs. 218 Cr for the quarter and Rs. 943 Cr for the full year. Q4 EBITDA grew 19.7% to Rs. 20 Cr, and PAT increased 26.7% to Rs. 11 Cr. Annual PAT rose 40.3% to Rs. 46 Cr, supported by strong operational performance and cost optimisation.
*this image is generated using AI for illustrative purposes only.
Butterfly Gandhimathi Appliances reported its standalone audited financial results for the quarter and year ended March 31, 2026. South India's leading kitchen appliances player delivered revenue of Rs. 218 Cr in Q4 FY26 and Rs. 943 Cr in FY26. Q4 EBITDA and PAT grew 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.
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:
| Metric: | Q4 FY26 | Q4 FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue: | 218 | 187 | 16.6% | 943 | 865 | 9.0% |
| Material Margin: | 83 | 73 | 13.4% | 366 | 324 | 13% |
| Material Margin (%): | 38.2% | 39.2% | -100 bps | 38.8% | 37.4% | 140 bps |
| EBITDA: | 20 | 16 | 19.7% | 80 | 66 | 22% |
| EBITDA Margin (%): | 8.9% | 8.7% | 20 bps | 8.5% | 7.6% | 90 bps |
| PAT: | 11 | 9 | 26.7% | 46 | 33 | 40.3% |
| PAT Margin (%): | 5.2% | 4.8% | 40 bps | 4.8% | 3.8% | 100 bps |
| PAT (excl. exceptional item): | 11 | 9 | 26.7% | 47 | 33 | 45.2% |
| PAT Margin (%) (excl. exceptional item): | 5.2% | 4.8% | 40 bps | 5% | 3.8% | 120 bps |
Historical Stock Returns for Butterfly Gandhimathi Appliances
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.31% | -3.59% | +8.75% | -7.16% | -15.13% | -18.54% |
How might the accelerating shift toward electric cooking appliances, driven by LPG supply constraints, reshape Butterfly's product mix and margin profile over the next 2-3 years?
With Ernst & Young newly appointed as Internal Auditors, could this signal a broader governance overhaul or preparation for potential inorganic growth or strategic partnerships?
Given the significant inventory build-up (31% YoY increase) alongside strong cash flow generation, what expansion or new product launch strategy is Butterfly likely to pursue in FY27?
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