Name: Latest research reports of Butterfly Gandhimathi Appliances Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Butterfly Gandhimathi Appliances Ltd.
Rating: 3
Author: ICICI Securities Limited

Butterfly Gandhimathi Appliances

Hold: Butterfly Gandhimathi Appl...

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ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues for Q2 grew 8.2% YoY to | 217.3 crore. The tepid topline growth was probably on account of weak Onam sales due to floods in Kerala and shift of festival season to Q3FY19. On the segmental front, kitchen appliances grew 7% YoY to | 175.1 crore whereas cooker/cookware segment grew robustly by 10% YoY to | 33 crore Gross margins for the quarter fell 86 bps YoY to 39.4%. Employee expense increased 26% YoY to | 19.3 crore. Lower other expense as...