Quote on Butterfly Gandhimathi Appliances - 1QFY22 - Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Butterfly Gandhimathi Appliances - 1QFY22 -Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 1QFY22, Butterfly Gandhimathi Appliances Ltd (BGAL) reported revenue of ~Rs144cr (up ~88% YoY) on the back of healthy growth in the Kitchen Appliances & Cooker/Cookware segment. On the EBITDA front, the company has reported profit of Rs8cr ( reported loss of Rs4cr in 1QFY21) and EBITDA margin at 5.4% due to better operating leverage. On the bottom-line front, the company has reported net profit of Rs1cr ( reported loss of Rs9cr in 1QFY21) on the back of strong sales growth. Going forward, we expect BGAL to report healthy top-line & bottom-line growth on the back of increase in penetration of cooking gas, new product launches, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19. Considering all the positive factors, we are positive on stock.
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