Bata India rose 2.12% to Rs 412.35 at 14:46 IST on BSE after net profit before tax & exceptional items rose 32% to Rs 50.40 crore on 2% increase in net sales to Rs 583.40 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during trading hours today, 25 November 2016.Meanwhile, the BSE Sensex was up 381.93 points, or 1.48%, to 26,242.10.
On BSE, so far 1.30 lakh shares were traded in the counter, compared with average daily volume of 44,914 shares in the past one quarter. The stock hit a high of Rs 418.35 and a low of Rs 400 so far during the day. The stock hit a 52-week high of Rs 613.55 on 1 August 2016. The stock hit a 52-week low of Rs 400 on 25 November 2016. The stock had underperformed the market over the past 30 days till 24 November 2016, falling 16% compared with the 7.10% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.59% as against Sensex's 6.92% decline.
The mid-cap company has equity capital of Rs 64.26 crore. Face value per share is Rs 5.
Bata India's net profit fell 36.36% to Rs 34.59 crore on 2.29% increase in total income to Rs 597.81 crore in Q2 September 2016 over Q2 September 2015.
The quarter saw the company strengthening its men's contemporary range with the launch of Bata European collection, an entry in the women's festive segment and expansion of omni-channel presence across stores, the company said in a statement.
Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands like Bata, Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, Bata Comfit and Bubblegummers to name a few. It retails in over 1,265 Bata stores, on bata.in and in thousands of multi-brand footwear dealer stores pan-India.
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