Bata, India’s leading footwear retailer and manufacturer, has reported 6.35 per cent drop in its net profit for the quarter ended March 31, 2009, to Rs 10.33 crore, over the corresponding period last year.
Bata posted a net profit of Rs 11.03 crore in the first quarter of the last financial year. Net sales of the company rose 6.8 per cent to Rs 233.03 crore from Rs 218.19 crore in the corresponding period last year.