Q4FY24 Quarterly Result Announced for Butterfly Gandhimathi Appliances Ltd.
Household Appliances company Butterfly Gandhimathi Appliances announced Q4FY24 results: Revenue at Rs 166 crore (-11% YoY) and EBITDA at Rs -22 crore. This is not comparable with previous period/s due to the following: Standardisation of operating procedures between Butterfly and croreompton and certain one-time settlements with channel partners Full year liability of Extended Producer Responsibility (EPR) of Rs 1.2 crore, crystalised in Q4 Reorganisation of bottles and flasks sourcing resulted in impact of Rs 2.1 crore in Q4. This would be margin accretive on an ongoing basis. Stepped up investments in marketing; incurred Rs 24 crore during the quarter as against Rs 10 crore last year Commenting on the business development, Swetha Sagar said, “I am glad to be associated with Butterfly, an organization which has a strong brand equity and enjoys market leadership across many categories in kitchen appliances. At Butterfly, we will continue to focus on channel development, capability building and investments behind brand. Also, going forward, we plan to progressively address pricing gaps between channels to raise realisations. We are optimistic about the outlook for the year in the context of impending new product introductions, emphasis on channel engagement and productivity improvements.” Result PDF15-05-2024