Butterfly Gandhimathi Appliances Ltd. , a leading South Indian kitchen appliances player, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's performance for Q2 FY26 showcases impressive year-on-year growth:

• Revenue increased to ₹293.00 crore, up 14% from ₹258.00 crore in the same quarter last year.
• EBITDA grew to ₹28.00 crore, a 21% increase year-over-year, with the EBITDA margin expanding by 60 basis points to 9.5%.
• Net profit rose sharply by 34% to ₹17.00 crore, compared to ₹13.00 crore in Q2 FY25.

Operational Highlights

• All core product categories delivered double-digit growth, supported by sustained volume growth and new product launches.
• The Idea First Series, a premium range introduced in the previous quarter, gained traction across categories.
• Premium offerings led to disproportionate growth in E-commerce, Modern Trade, and Regional Chain Stores.
• A reduction in GST rates, coupled with festive season demand, contributed to buoyancy in kitchen categories, particularly benefiting products such as pressure cookers.

Management Commentary

Swetha Sagar, Manager & Chief Business Officer of Butterfly Gandhimathi Appliances Ltd., commented on the performance: "We delivered a strong performance this quarter, recording a revenue growth of 14% YoY and a robust EBITDA growth of 21% YoY. This was driven by consistent momentum month-on-month, improved gross margins, and disciplined cost management. The launch of new products under the Idea First Series across channels and regions fueled the growth. The brand refresh launched in Q1 has been well-received, further strengthening our product portfolio and market presence."

Company Overview

Butterfly Gandhimathi Appliances Ltd. is among the top 3 brands in India for kitchen and small domestic appliances. The company is known for its aesthetics and product quality, particularly in South India. Its diverse product portfolio includes four core products: Mixer Grinders, Pressure Cookers, Gas Stoves, and Wet Grinders, complemented by a full suite of small domestic appliances. The company boasts a state-of-the-art in-house manufacturing setup with strong backward integration.

Future Outlook

The strong Q2 performance, coupled with the successful launch of premium product lines and expansion in key sales channels, suggests a positive trajectory for Butterfly Gandhimathi Appliances Ltd. The company's focus on innovation, brand refresh, and market expansion strategies may continue to drive growth in the coming quarters.

Investors and market watchers will likely keep a close eye on how the company leverages its current momentum and navigates potential challenges in the competitive kitchen appliances market.

Butterfly Gandhimathi Appliances Ltd. , a leading kitchen appliances player in South India, has announced its financial results for the first quarter of fiscal year 2026, demonstrating resilience in challenging market conditions.

Financial Performance

The company reported a revenue of Rs. 187.00 crore for Q1 FY26, representing a 3% year-over-year growth. Despite subdued consumer demand, Butterfly Gandhimathi Appliances showcased significant improvements in profitability:

• EBITDA grew by 39% year-over-year to Rs. 13.00 crore
• EBITDA margin expanded by 170 basis points to 6.8%
• EBIT more than doubled with 144% year-over-year growth to Rs. 7.00 crore
• PAT increased by 155% to Rs. 6.00 crore

The company's material margin improved to 41.0% from 37.8% in the previous year, indicating effective pricing and product mix strategies.

Operational Highlights

Butterfly Gandhimathi Appliances experienced strong growth in key product categories:

• Mixer grinders and pressure cookers showed improved traction across channels
• The company gained market share in core categories
• Introduced a refreshed brand positioning called 'Celebrating Change'
• Launched the 'Idea First Series' featuring over 40 new products

Management Commentary

Swetha Sagar, Manager & Chief Business Officer of Butterfly Gandhimathi Appliances Ltd., commented on the performance: "Amidst a subdued consumer demand, we continue to deliver revenue growth and robust EBITDA growth. This quarter we began a new journey with the refreshed brand positioning, 'Celebrating Change' reinforcing our commitment to innovation and relevance in a dynamic market."

She further added, "We are committed to delivering strong performance by leveraging the strength of our brand and the ongoing revamp of our product portfolio to drive growth, enhance consumer engagement, and strengthen our market position."

Strategic Initiatives

The company's focus on innovation and portfolio premiumization is evident in its recent initiatives:

1. Introduction of the 'Idea First Series' bringing to life its new brand positioning
2. Implementation of a new brand architecture leading to portfolio premiumization
3. Continued commitment to delivering industry-first solutions across key categories

Market Position

Butterfly Gandhimathi Appliances Ltd. maintains its position as one of the top 3 brands in India for kitchen and small domestic appliances. The company is particularly strong in South India, known for its aesthetics and product quality.

With a diverse product portfolio including mixer grinders, pressure cookers, gas stoves, and wet grinders, Butterfly continues to adapt its offerings to meet evolving consumer needs in the kitchen appliance industry.

As the company navigates through challenging market conditions, its focus on innovation, brand positioning, and operational efficiency appears to be yielding positive results in terms of both revenue growth and profitability.

The financial results demonstrate Butterfly Gandhimathi Appliances' ability to improve profitability and maintain growth momentum in a challenging market environment.