Bata India

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Leading shoemaker Bata India Ltd on Monday reported a marginal increase of 1.2 per cent in consolidated net profit at Rs 58.7 crore for the third quarter ended December 2024 on account of exceptional items. It had posted a net profit of Rs 57.97 crore for the October-December period a year ago, according to a regulatory filing from Bata India. Revenue from operations was up 1.69 per cent to Rs 918.79 crore during the quarter under review. The company has "a volume-led revenue growth" and "EBIDTA margin expanded by 141 basis points, resulting in a PAT of Rs 58 crore," said Bata India in its earning statement. "The results for the quarter also include a one-time exceptional expenditure of Rs 10.8 crore towards VRS in our factory - consistent with our long-term strategy towards building capability, agility and efficiency in our supply chain," it added. Total expenses in the December quarter were at Rs 840.57 crore, marginally up year-on-year. Total income, which includes other income

Technical charts shows that shares of ITC, Bata India, Campus Activewear, Kaveri Seed and Zomato are on the brink of a positive breakout; hence can potentially rally up to 22% in the near-term.

The footwear company announced a voluntary retirement scheme for eligible workers at its Hosur unit in Tamil Nadu, aiming for benefit both the company and its employees

The fall in the Bata India share price came on the back of weak operational performance posted by the company in the September quarter of financial year 2025 (Q2FY25)

Leading shoemaker Bata India Ltd on Monday reported 53 per cent rise in consolidated net profit at Rs 51.97 crore for the second quarter ended September 2024. It had posted a net profit of Rs 33.99 crore for July-September FY24, according to a regulatory filing from Bata India. Revenue from operations was up 2.2 per cent to Rs 837.14 crore during the quarter under review. Total expenses in September quarter was at Rs 784.55 crore, up 5 per cent year-on-year. Total income, which includes other income, was up 2.36 per cent to Rs 854.32 crore. Shares of Bata India Ltd on Monday settled at Rs 1,336.90 apiece on BSE, down 1.47 per cent.

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Terming "sluggish consumption" as "temporary", leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India Managing Director and CEO Gunjan Shah. The company expects e-commerce, which is now a "profitable and viable business, to be its growth driver as it has been expanding online sales through its portal and channel partners. Besides, Bata as part of its strategy to attract new generation buyers is also investing in store renovations to become more appealing and trendy and in new relevant products with affordable propositions to increase its play further. Young buyers account for around 40 per cent of its transactions. Moreover, it would also expand its apparel range to 200-plus stores from 70 stores at present. It will also add 13 exclusive outlets of its athleisure Brand Power' to take the total count to 15 by the end of 2024, said Shah. The company is also investing in technology transformation on ...

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On Tuesday, Bata India reported a 62.84 per cent increase in its consolidated net profit for the first quarter ending June 2024, reaching Rs 174.36 crore

As of 6:31 AM, GIFT Nifty futures were up 84 points, trading at 24,140.5, suggesting a positive start for the Indian bourses.

Shoemaker Bata India Ltd on Tuesday reported an increase of 62.84 per cent in its consolidated net profit at Rs 174.36 crore in the first quarter ended June 2024, helped by margin expansion and gains from sale of industrial land. It had posted a net profit of Rs 106.89 crore in the April-June period a year ago, according to a regulatory filing from Bata India. However, its revenue from operations was down 1.41 per cent to Rs 944.63 crore during the quarter under review. It was at Rs 958.14 crore in the corresponding period a year ago. "The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating the customer experience, by maintaining gross margins in the face of sluggish consumption momentum during the quarter," said an earnings statement from the company. Besides, Bata also had a one-time gain on the sale of property of Rs 134 crore in the June quarter. "The results for the quarter also ...

Government policies to improve consumption especially in tier 2 and tier 3 centres could help improve demand for footwear majors such as Bata

Bata stock's ascent followed optimistic remarks from management regarding the potential for demand recovery in the near future

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The company, which also sells brands such as Hush Puppies and North Star in India, said its consolidated profit fell to Rs 63.65 crore ($7.6 million)in the three months ended March 31

The premiumisation efforts seem to be working with the share of the same in the overall portfolio improving to 34 per cent as compared to 30 per cent a couple of years earlier