Footwear major Bata India today posted a 55.2 per cent rise in net profit at Rs 92.2 crore for the first quarter ended June 30.
The company had posted a net profit of Rs 59.4 crore during the same period of the previous fiscal.
Net sales rose to Rs 680.4 crore for the first quarter as against Rs 622 crore during the same period of previous fiscal, Bata India said in a BSE filing.
"The supply chain issues have now been resolved and we are on the growth trajectory with many new initiatives planned for the coming year," Bata India, Group Managing Director, South Asia, Rajeev Gopalakrishnan said.
The company will be expanding product offering, focussing on the same store growth and develop e-commerce business to reach out to consumers even in the remote markets, he added.
Bata India is the largest footwear retailer in India. The brand retails through over 1,274 shoe stores located in over 500 cities across the country.
Bata shares today ended at Rs 1,230.15 apiece on BSE, up 0.86 per cent.
