Butterfly Gandhimathi Appliances Ltd, established in 1986, is one of the most renowned domestic kitchen and electrical appliances brands in India and stands among the largest kitchen appliances companies in the country. The company was founded by the late Shri V. Murugesa Chettiar in Chennai, Tamil Nadu, where it continues to maintain its headquarters today.
The company broke new ground with its first product, a humble tumbler made from stainless steel, marking the beginning of the Butterfly brand's journey. It was the first company in India to introduce stainless steel pressure cookers, stainless steel LPG stoves, and vacuum flasks with high heat retention capacity. The company was originally incorporated as Gandhimathi Appliances Limited and was rechristened to Butterfly Gandhimathi Appliances Limited (BGMAL) with effect from 25th October 2011.
Butterfly Gandhimathi Appliances Limited is an India-based company involved in the manufacture of domestic kitchen and electrical appliances. The company's flagship brand, BUTTERFLY, includes a range of domestic appliances such as liquefied petroleum gas (LPG) stoves, mixer grinders, table-top wet grinders, stainless steel and aluminum pressure cookers, stainless steel flasks and water bottles, chimney hobs, geysers, air coolers, and other products.
The company's other products comprise juicers, hand blenders, electric irons, power hobs, electric rice cookers, water heaters (geysers), air coolers, electric water kettle, electric sandwich maker, electric bread toaster, fans and washing machine. The company is a market leader for SS LPG Stoves & Table Top Wet Grinders and a major supplier of Mixer Grinders & Pressure Cookers.
Butterfly Gandhimathi sells its products through distributors like e-commerce platforms, modern retail stores, direct dealers, and oil marketing companies such as Indian Oil, BPCL, and HPCL. The company has around 25,000+ retail points with 500+ retail outlets.
With a multi-plant, multi-modal, indigenous production capability, operating on SAP platforms, and utilizing a rigorous, five-stage quality control system, Butterfly is one of India's few integrated kitchen appliance manufacturers. The company has 4 state-of-the-art manufacturing units, backed by the latest R&D facilities ensure total compliance to standards of excellence in design and quality.
A dedicated R&D wing spearheads the company's robust, innovation-led product development, with almost 80% of the products manufactured in-house. The company's products are also exported to the United Kingdom, Canada, Australia, Japan, Middle East and the East Asian Countries, among others. Their products have been recognized for their quality standards by various international organisations.
In 2022, through a Share Purchase Agreement (SPA), Crompton Greaves Consumer Electricals Limited acquired 98,33,754 Equity Shares representing 55% of the Equity Share Capital of the Company from the Promoters & Members of Promoter Group through the Stock Exchange Settlement Process and became a Promoter of the Company. Crompton Greaves Consumer Electricals Limited (CGCEL) also became the Holding Company effective from 30th March 2022. Presently, Crompton holds 75% equity share capital of Butterfly as promoters.
As of the latest data available, Butterfly Gandhimathi Appliances Ltd has a market capitalisation of ₹1,286.20 Cr. The company reported revenue of ₹187.00 Cr and net profit of ₹9.03 Cr for Q4 FY25 (March 2025). The company's net profit jumped 145.7% since the last year same period to ₹9.03 Cr in Q4 2024-2025.
• Revenue (Q4 FY25): ₹187.00 Cr (as of March 2025)
• Net Profit (Q4 FY25): ₹9.03 Cr (as of March 2025), a 145.7% increase YoY
• EBITDA (Q4 FY25): 8.6%
• Return on Equity (last 3 years): 10.8%
• Debt Status: Almost debt-free
• Market Capitalization: ₹1,286.20 Cr (as of March 2025)
• Promoter Holding: 75.00% (as of March 2025)
Butterfly Gandhimathi Appliances Ltd's 52-week high is ₹1250 and 52-week low is ₹550.7. As per Value Research classification, it is a Small Cap company. The P/B ratio of Butterfly Gandhimathi Appliances Ltd is 4.05 times as on 03-Jul-2025, a 19% discount to its peers' median range of 5.01 times. The P/E ratio is 40.41 times, a 21% discount to its peers' median range of 51.45 times.
However, the company faces some challenges with a poor sales growth of 5.03% over the past five years. Promoter holding in Butterfly Gandhimathi Appliances Ltd has remained stable at 75.00 per cent as of Mar 2025.
The company is listed on NSE and BSE since 28 Apr, 2014, with P M Murthy as Chairperson. Butterfly Gandhimathi Appliances Limited operates as a subsidiary of Crompton Greaves Consumer Electricals Limited. The company's strong market position in kitchen appliances, combined with its new ownership structure under Crompton Greaves, positions it well for future growth in India's expanding domestic appliances market.
