Bata Q2 net down 36.35% at Rs 34.59 crore

Footwear major Bata India on Friday reported a 36.35% fall in net profit at Rs 34.59 crore for the second quarter ended September 30, 2016

The company had posted a net profit of Rs 54.35 crore in the year-ago period.

However, its total income from operations increased by 1.56% to Rs 583.74 crore from Rs 574.73 crore during the same period a year ago, Bata India said in a BSE filing.

It had also made an exceptional income of Rs 31.75 crore during the September quarter of last financial year, the company said.

Rajeev Gopalakrishnan, President-South Asia, Bata Emerging Markets said: "We started delivering a richer international experience with the launch of destination stores across multiple cities. To further augment the consumer experience, we continue to scale up the omni channel presence."

Bata India shares on Friday closed 1.66% up at Rs 410.50 apiece on BSE.