321.40
-2.28%
ICICI Securities Limited
Q4FY20 has been characterised by demand disruption in second half of March due to national lockdown announced due to spread of Covid-19. Butterfly Gandhimathi (BGAL) reported weak Q4FY20 results, with revenues down 26% YoY to | 110.6 crore (as per management, BGAL lost revenue worth | 40 crore due to Covid-19 disruptions). Kitchen appliances revenues declined 27% YoY to | 83 crore while cooker/cookware revenues declined 6% to | 21 crore. Gross margins improved 397 bps YoY to 44.3% owing to a favourable product mix and benign RM prices. However, given the fixed...
Butterfly Gandhimathi Appliances Ltd. has gained 95.14% in the last 1 Year
321.40
-2.28%
ICICI Securities Limited
The management is targeting revenue growth of ~ 15-20% over the next few years with a gradual improvement in margin profile, which continues to remain lower at ~ 7% compared to its peers (EBITDA margin: 13-15%). The key monitorable would be sustaining the growth and managing the working capital. We value the company on EV/sales and assign a multiple of 0.6x with...
Butterfly Gandhimathi Appliances Ltd. has gained 95.14% in the last 1 Year
321.40
-2.28%
ICICI Securities Limited
Revenues in Q3 grew 13% YoY to | 161 crore. On the segmental front, kitchen appliances grew 11% YoY to | 123 crore whereas cooker/cookware segment grew robustly by 30% YoY to | 31 crore Gross margins for the quarter declined 195 bps YoY to 40.2%. Employee expense increased 13% YoY to | 18.1 crore and, as a percentage to sales, remained flattish at 11.3%. Other expense as a percentage to sales (down 65 bps YoY 23%) curtailed the decline in EBITDA margin. Subsequently, EBITDA margins declined 125 bps...
Butterfly Gandhimathi Appliances Ltd. has gained 95.14% in the last 1 Year
321.40
-2.28%
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...
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Butterfly Gandhimathi Appliances Ltd. is trading above all available SMAs
321.40
-2.28%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Butterfly Gandhimathi (BGAL) reported topline growth of 44% YoY to | 124.4 crore. On the segmental front, kitchen appliances grew 25% YoY to | 96.4 crore whereas cooker/cookware segment grew robustly by 52% YoY to | 18.5 crore, albeit on a lower base EBITDA came in at | 9.3 crore vs. EBITDA loss of | 2.4 crore in Q1FY18. With positive operating leverage kicking in (employee & other expenses as a percentage to sales down 55 bps, 886 bps YoY,...
Butterfly Gandhimathi Appliances Ltd. has gained 165.84% in the last 3 Months
Butterfly Gandhimathi Appliances Ltd.    
30 May 2018, 12:00AM
321.40
-2.28%
ICICI Securities Limited
BGAL reported a strong performance with topline growth of 30% YoY to | 110.4 crore. On the segmental front, kitchen appliances grew 6.8% YoY to | 83.5 crore whereas cooker/cookware segment grew robustly by 50.3% YoY to | 18.6 crore BGAL reported EBITDA of | 9.3 crore compared to EBITDA loss of | 10.5 crore in Q4FY17. Gross margins improved significantly by 120 bps YoY to 44.1%. Furthermore, a decline in other expenses by 16% YoY to | 25.6 crore, boosted EBITDA margins. The resultant EBITDA...
Butterfly Gandhimathi Appliances Ltd. has gained 95.14% in the last 1 Year
321.40
-2.28%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Butterfly Gandhimathi Appliances (BGAL) reported a robust set of Q3FY18 numbers with a significant recovery on both revenue and profitability front. Low base effect of demonetisation also kicked in Revenues grew robustly by 76% YoY to | 141.0 crore. In the segment per se, kitchen appliances and cooker/cookware grew 46% and 125.6% YoY to | 109 crore and | 24 crore, respectively BGAL reported EBITDA of | 8.7 crore vs. EBITDA loss of | 19.4 crore...
Butterfly Gandhimathi Appliances Ltd. has gained 196.22% in the last 6 Months
321.40
-2.28%
ICICI Securities Limited
Butterfly Gandhimathi Appliances (BGAL) reported strong set of Q2FY18 results. Revenues for the quarter grew by 29.6% YoY to | 201.0 crore. The growth was supported by healthy traction in cooker/cookware and appliances segment. EBITDA margins for the quarter expanded by 250 bps YoY to 8.4%. The margin expansion was driven by improvement in gross margins (up 136 bps YoY) and positive operating leverage owing to strong topline growth (employee expenses down 139 bps YoY)....
Butterfly Gandhimathi Appliances Ltd. has gained 196.22% in the last 6 Months
321.40
-2.28%
ICICI Securities Limited
The company reported a loss at the EBITDA level of | 15.1 crore vs. EBITDA profit of | 13.6 crore in Q4FY16. EBITDA loss was primarily on account of higher employee expense as percentage of sales (12.3% vs. 8.5% in Q4FY16) and higher other expenses as a percentage of sales (34.9% vs. 19.8% in Q4FY16) owing to negative operating leverage as utilisation levels remained low Owing to a disappointing operational performance, BGAL reported a net loss of | 20.9 crore vs. net profit of | 0.6 crore in Q4FY16...
Butterfly Gandhimathi Appliances Ltd. has gained 196.22% in the last 6 Months
321.40
-2.28%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Butterfly Gandhimathi Appliances (BGAL) reported a disappointing set of Q3FY17 numbers performance on account of absence of...
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Butterfly Gandhimathi Appliances Ltd. is trading above all available SMAs