Butterfly Gandhimathi Appliances LimitedQ2 FY27 Results & Financial Update

Butterfly Gandhimathi Appliances Limited: Q2 FY27 standalone results and company financials – revenue ₹331.47 Cr, PAT ₹20.18 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: BUTTERFLYPublished 15 Oct 2026Updated 15 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹331.47 CrReported Q2 FY27
Profit after tax₹20.18 CrReported Q2 FY27
Sequential change+127.0%Quarter-on-quarter

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Quarterly Results AnalysisExplore Butterfly Gandhimathi Appliances Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Butterfly Gandhimathi Appliances Limited reported a strong sequential recovery in standalone revenue from operations for the second quarter of fiscal 2027, reaching INR 331.47 crore compared to INR 213.87 crore in the preceding quarter ended June 30, 2026.

02

Total income for Q2 FY27 advanced to INR 334.08 crore from INR 217.07 crore in Q1 FY27, bolstered by higher operational turnover and other income components.

03

Profit before tax (PBT) expanded significantly to INR 26.93 crore during the quarter under review, up from INR 11.93 crore in the first quarter of the fiscal year.

04

Net profit after tax (PAT) for Q2 FY27 stood at INR 20.18 crore, yielding a net profit margin of approximately 6.09%, compared to INR 8.89 crore in the June 2026 quarter.

05

Basic and diluted earnings per share (EPS) for the quarter improved sequentially to INR 11.29, compared to INR 4.97 in the previous quarter.

06

The sequential financial expansion reflects increased business activity and seasonal demand patterns characteristic of the domestic appliances industry during the second quarter.

01 · Business model

What does Butterfly Gandhimathi Appliances do?

Butterfly Gandhimathi Appliances Limited is an established Indian manufacturer and marketer of domestic kitchen and electrical appliances, operating within the consumer appliances sector.

The company's core product portfolio encompasses stainless steel pressure cookers, LPG stoves, mixer grinders, wet grinders, chimneys, and various other kitchen utility items distributed through diverse retail and wholesale channels.

The business model relies on strong brand heritage, in-house manufacturing capabilities, and widespread distribution networks catering primarily to domestic retail demand across India.

Operations are managed as a single reportable operating segment for domestic appliances, aligning production and marketing strategies with seasonal household consumption patterns.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹331.47 Cr₹213.87 Cr
Total income₹334.08 Cr₹217.07 Cr
Profit before tax₹26.93 Cr₹11.93 Cr
Profit after tax₹20.18 Cr₹8.89 Cr
EPS₹11.29₹4.97

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 6.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 8.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹2.61 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Revenue Growth

Revenue from operations increased by 54.98% sequentially to INR 331.47 crore in Q2 FY27 from INR 213.87 crore in Q1 FY27, driven by higher seasonal demand.

Total Income Expansion

Total income reached INR 334.08 crore for the quarter, supported by revenue from operations alongside other income of INR 2.61 crore and interest income of INR 2.70 crore.

What drove margins

Cost of Materials Consumed

Cost of materials consumed stood at INR 156.44 crore for Q2 FY27, reflecting the scale of manufacturing required to support higher quarterly production volumes.

Employee Benefit Expenses

Employee benefit expenses were recorded at INR 33.79 crore for the quarter, compared to INR 31.81 crore in the previous quarter.

Other Expenses

Other operational expenses amounted to INR 54.78 crore for Q2 FY27, up from INR 40.82 crore in Q1 FY27.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Segment Operation

The operations of the company are organized in one reportable segment, specifically Domestic Appliances, as identified by the Chief Operating Decision Maker in accordance with Ind AS 108.

05 · Reported developments

What changed operationally

Sequential Earnings Growth

Net profit after tax increased by over 127% sequentially to INR 20.18 crore for Q2 FY27, reflecting improved operational leverage and higher revenue realization.

06 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹-70.97 CrHalf Year Ended September 30, 2026
Capital expenditure₹-6.92 CrHalf Year Ended September 30, 2026
Free cash flow₹-77.89 CrHalf Year Ended September 30, 2026
H1 Operating Cash Flow

For the half-year ended September 30, 2026, net cash used in operating activities stood at INR 70.97 crore, influenced by changes in working capital items including trade receivables and inventory.

Capital allocation & funding

Finance Cost

Finance costs for the quarter were maintained at a minimal level of INR 0.27 crore, reflecting low debt reliance.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Changes and Re-appointments

The board approved the re-appointment of Mr. P. M. Murty and Ms. Smita Anand as Non-Executive Independent Directors for a second consecutive term of three years, effective April 1, 2027, subject to member approval.

08 · Previous-quarter changes

What changed since the previous quarter

Sequential Turnaround from Q1 FY27

Revenue from operations improved from INR 213.87 crore in Q1 FY27 to INR 331.47 crore in Q2 FY27, driving net profit up from INR 8.89 crore to INR 20.18 crore.

09 · Key Q&A

The quarter, answered directly

What does Butterfly Gandhimathi Appliances do?

Butterfly Gandhimathi Appliances Limited is an established Indian manufacturer and marketer of domestic kitchen and electrical appliances, operating within the consumer appliances sector.

What is the clearest takeaway from Q2 FY27?

Butterfly Gandhimathi Appliances Limited reported a strong sequential recovery in standalone revenue from operations for the second quarter of fiscal 2027, reaching INR 331.47 crore compared to INR 213.87 crore in the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Revenue from operations increased by 54.98% sequentially to INR 331.47 crore in Q2 FY27 from INR 213.87 crore in Q1 FY27, driven by higher seasonal demand.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 156.44 crore for Q2 FY27, reflecting the scale of manufacturing required to support higher quarterly production volumes.

What changed operationally beyond the headline numbers?

The board approved the re-appointment of Mr. P. M. Murty and Ms. Smita Anand as Non-Executive Independent Directors for a second consecutive term of three years, effective April 1, 2027, subject to member approval.

What should the next disclosure help confirm?

Shareholder approval for the re-appointment of independent directors via postal ballot.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Postal Ballot Results: Shareholder approval for the re-appointment of independent directors via postal ballot.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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