Bata India Q4 net down 33.76 per cent at Rs 34.94 crore

Footwear retailer Bata India today reported 33.76 per cent decline in standalone net profit at Rs 34.94 crore for the quarter ended December 31, 2014.
The company, which follows a January-December fiscal, had reported a net profit of Rs 52.75 crore in the October-December quarter of last year, Bata India said in a BSE filing.
Bata India's total income decreased to Rs 544.72 crore for the quarter under review, down 3.10 per cent as against Rs 562.17 crore in the corresponding period a year ago.
Meanwhile, in a separate filing, Bata India said that Way Finders Brands Ltd (WFBL) has become a wholly-owned subsidiary of the company with effect from February 10, 2015.

"The entire share capital of Rs 10 lakh of WFBL is held by the company and its nominees," Bata said.
Shares of Bata India today closed at Rs 1,292.90 on the BSE, down 2.40 per cent from previous close.