Profit before tax was at Rs 13.59 crore compared to a loss of Rs 63.47
crore. Net profit was at Rs 12.49 crore compared to a net loss of Rs 62.75 crore.
P M Sinha, chairman Bata India said, the turnaround was possible primarily due to cost control on all fronts.
He said, the increase in topline was marginal as the company held back sales to wholesalers and reduced outstanding by Rs 20 crore.
Sinha said, Bata was eyeing a 10 per cent topline growth next year. The
growth would come from new stores, new designs with a thrust on quality.
The company planned to add 40 new stores and 10 of them were already
functioning. Bata was also eyeing new markets for its exports but Sinha
clarified that exports would be for higher margins. The company was
expecting significant profits this year.
Sinha said, the company would look at better utilisation of its factory. The
company was producing a major part of its sales and outsourcing the rest.
When asked whether Bata was planning any change in the ratio of outsourcing, Sinha said, the company would play according to marketplace requirements.