Bata Q2 net up 39% at Rs 54 cr

Footwear major Bata India today reported a 38.74 per cent rise in net profit at Rs 54.11 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 39 crore during the same period of previous fiscal.

Net sales rose to Rs 575.15 crore for the second quarter compared with Rs 547.64 crore during the same period of previous fiscal, Bata India said in a regulatory filing.

"Despite economic slowdown and a lower consumer sentiment, our second quarter performance for the period July-Sept 2015 has seen a growth of 5 per cent compared to the same period last year," Bata India, Group Managing Director, South Asia, Rajeev Gopalakrishnan said.

The company will be expanding its product offering, focusing on the same-store growth and strengthening e-commerce business to reach out to a larger consumer base, he added.

Bata India shares ended at Rs 485.95, down 2.32 per cent on BSE.