--- title: "Butterfly Gandhimathi rallies 14% on strong Q4 results, crude surge; peers TTK Prestige, Stove Kraft see rub-off effect" type: "News" locale: "en" url: "https://longbridge.com/en/news/286035994.md" description: "Shares of Butterfly Gandhimathi Appliances surged nearly 14% following strong Q4 results, with a 26.69% rise in net profit to Rs 11.44 crore. Revenue increased by 16.56% to Rs 218.17 crore. Other kitchen appliance stocks like TTK Prestige and Stove Kraft also saw gains. The rally is attributed to rising interest in energy-efficient cooking amid high crude oil prices and government appeals for lower fuel consumption. However, rising oil prices may widen India's current account deficit, leading to a weaker rupee and declining foreign reserves, according to analysts." datetime: "2026-05-12T04:45:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286035994.md) - [en](https://longbridge.com/en/news/286035994.md) - [zh-HK](https://longbridge.com/zh-HK/news/286035994.md) --- # Butterfly Gandhimathi rallies 14% on strong Q4 results, crude surge; peers TTK Prestige, Stove Kraft see rub-off effect Shares of leading kitchen appliance makers rallied sharply in Tuesday's trade, driven by strong quarterly earnings and rising investor interest in energy-efficient cooking alternatives amid elevated crude oil prices. Butterfly Gandhimathi Appliances Ltd surged nearly 14% in early trade after reporting strong March quarter earnings. The company posted a 26.69% rise in net profit at Rs 11.44 crore for Q4FY26, compared with Rs 9.03 crore in the year-ago period. Revenue rose 16.56% to Rs 218.17 crore from Rs 187.18 crore a year earlier. **Also Read: India's share in global m-cap falls below 3% for first time in four years** For the full financial year FY26, Butterfly Gandhimathi reported a 40.30% jump in net profit to Rs 45.64 crore, while annual revenue rose 9.03% to Rs 943.15 crore. Other kitchen appliance stocks also saw strong buying interest. Shares of TTK Prestige Limited climbed over 12%, while Stove Kraft Limited gained more than 6% in morning trade. Bajaj Electricals Limited was also trading marginally higher. Market participants said the rally also comes as consumers increasingly explore alternatives to LPG-based cooking amid rising fuel prices. Prime Minister Narendra Modi's recent appeal for lower fuel consumption and energy-efficient lifestyles is also being seen as sentimentally positive for induction cooktop and kitchen appliance makers. **Oil shock deepens external risks** The US-Iran conflict, now in its third month, showed little sign of easing despite a fragile ceasefire that has largely held since April 8. US President Donald Trump said on Monday that the truce was "on life support," citing unresolved differences over key conditions put forward by Iran. Analysts said the longer the conflict drags on, the higher the risk that elevated crude prices will keep pressure on India's external balances and the rupee. Rising oil prices are expected to widen India's current account deficit, while the pressure is being compounded by weak capital inflows. Foreign portfolio investors have pulled out more than $20 billion from Indian equities since the conflict began, with year-to-date outflows already exceeding last year's record. Preliminary exchange data showed overseas investors sold nearly $900 million worth of Indian shares on Monday alone. **Banks warn of weaker rupee, lower reserves** ANZ Bank said the combination of capital outflows and a widening current account deficit points to a weaker rupee and declining foreign exchange reserves. The bank added that the energy shock has hit India at a time when the economy was entering a cyclical recovery phase in both growth and inflation. India is now on track for a third straight balance of payments deficit this fiscal year, prompting economists to cut growth forecasts, raise inflation projections and lower rupee estimates. ANZ last week revised its December rupee target to 97.5 per U.S. dollar from 93 earlier, while Fitch Ratings unit BMI warned the currency could weaken toward 100 if the Iran conflict escalates further. ### Related Stocks - [INDH.US](https://longbridge.com/en/quote/INDH.US.md) - [INDA.US](https://longbridge.com/en/quote/INDA.US.md) - [ANZ.AU](https://longbridge.com/en/quote/ANZ.AU.md) - [ANZGY.US](https://longbridge.com/en/quote/ANZGY.US.md) ## Related News & Research - [Rising US yields on Fed rate hike bets pile pressure on sliding rupee](https://longbridge.com/en/news/286997610.md) - [Results impacts: ABB India shares to remain in focus after March quarter earnings](https://longbridge.com/en/news/285877820.md) - [TVS Motor Company Limited (TVSMOTOR) Receives a Hold from Bernstein](https://longbridge.com/en/news/286626515.md) - [IPL 2026: Kuldip, Gleeson named injury replacements for Khaleel-Thushara](https://longbridge.com/en/news/286585285.md) - [Women under 35 led mutual fund investments in FY26, shows data](https://longbridge.com/en/news/286945674.md)