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Page 2 - Bata India

Bata India Q2 results: Net profit falls 38% to Rs 34 cr, revenue down 1%

Leading shoemaker Bata India Ltd on Wednesday reported a decline of 37.77 per cent in its consolidated net profit at Rs 34 crore in the second quarter ended September 2023, citing exceptional items in its balance sheet. It had posted a net profit of Rs 54.62 crore in the July-September period a year ago, according to a regulatory filing from Bata India. Bata India's profit before tax and exceptional items stood at Rs 87 crore in the second quarter of this fiscal, helped by "consistent efficiency improvements across operations", the company said in an earnings statement. Its revenue from operations was down 1.28 per cent to Rs 819.11 crore during the quarter in comparison to Rs 829.75 crore in the corresponding period a year ago. Total expenses of Bata India in the September quarter was at Rs 747.61 crore, down 5.31 per cent. Under exceptional expenses, Bata India spent Rs 40.90 crore on the voluntary retirement scheme (VRS) at its one manufacturing unit during the quarter. Bata I

Bata India Q2 results: Net profit falls 38% to Rs 34 cr, revenue down 1%
Updated On : 08 Nov 2023 | 8:12 PM IST

Bata to sell Nine West shoes, accessories in its retail stores across India

Bata India on Monday said it will sell shoes and accessories of US-based lifestyle brand Nine West through its retail stores. The company's board has "approved licensing and manufacturing deal with Authentic Brands Group for their world-renowned lifestyle brand Nine West," according to a regulatory filing. "Under the arrangement, Bata India will have rights to manufacture, market and distribute Nine West shoes and accessories, across India through its stores," the filing said. Authentic Brands Group owns Nine West brand. It had acquired Nine West's US business after it filed for bankruptcy in 2018. Currently, Bata India has a portfolio of global brands including Power, North Star, Weinbrenner, Bata, Bata Red Label, Bata 3D, Hush Puppies, Naturalizer, and Bzees, for the Indian market. Bata India's revenue from operations stood at Rs 3,451.56 crore in 2022-23.

Bata to sell Nine West shoes, accessories in its retail stores across India
Updated On : 06 Nov 2023 | 5:06 PM IST

Asian Games 2022: Here are the companies helping Indian team dress up

Asian Games 2022: India's largest-ever contingent comprising 634 athletes will represent the country at the event that will take place from September 23 to October 8 in Hangzhou, China

Asian Games 2022: Here are the companies helping Indian team dress up
Updated On : 07 Sep 2023 | 5:30 PM IST

Bata India to introduce VRS for worker at its Southcan Unit in Karnataka

Footwear company Bata India will introduce a voluntary retirement scheme for all eligible workers at its Southcan unit located in Karnataka, the company said on Thursday. "The Board of Directors of Bata India Limited has today, ie on August 31, 2023, considered and approved introduction of a Voluntary Retirement Scheme (VRS) for all eligible workmen at the Southcan Unit in the state of Karnataka," Bata India said in a regulatory filing. Bata India said that it believes that implementation of the VRS will be mutually beneficial to the workmen and the company. "Status of implementation of the aforesaid VRS and financial impact thereof will be ascertained and communicated in due course, as per the Company's Policy for Determination of Materiality of an Event or information," the filing said.

Bata India to introduce VRS for worker at its Southcan Unit in Karnataka
Updated On : 31 Aug 2023 | 11:17 PM IST

Moderation in demand is where the shoe pinches for footwear majors

Valuations factoring in second-half recovery are in the expensive zone

Moderation in demand is where the shoe pinches for footwear majors
Updated On : 21 Aug 2023 | 6:11 AM IST

Bata India rallies 6% on report company in talks to tie-up with Adidas

The footwear company is in talks with German sportswear giant Adidas for a strategic partnership for the Indian market, a report said

Bata India rallies 6% on report company in talks to tie-up with Adidas
Updated On : 17 Aug 2023 | 9:42 PM IST

Footwear maker Bata India in partnership talks with Adidas: Report

The retailer, which houses brands such as Hush Puppies and Scholl, is likely to tie up with Adidas for the Indian market, as per the report

Footwear maker Bata India in partnership talks with Adidas: Report
Updated On : 17 Aug 2023 | 12:59 PM IST

Bata bolsters premium portfolio, aims 20% sales from online channels: CEO

With inflation cooling off, leading shoemaker Bata is bolstering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital-savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels - physical stores and online - and expects e-commerce to contribute 20 per cent of its total sales in the next two to three years, he said. Bata is also pushing for offline sales and expects strong growth to come from its expansion under the franchise system, where it plans to add another 125 stores in FY24 and increase its presence at multi-brand outlet (MBO) channels. Though with the opening of offices and schools, sales of casual wear products have increased, Shah said the trend of casualization would continue in the long term and Bata is pursuing it by extending its mid-premium brands Hush Puppies and Red Label in the ...

Bata bolsters premium portfolio, aims 20% sales from online channels: CEO
Updated On : 15 Aug 2023 | 6:32 PM IST

Bata re-enters premium segment, eyes 20% sales from online channels

With inflation cooling off, leading shoemaker Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels - physical stores and online - and expects e-commerce to contribute 20 per cent of its total sales in the next two to three years, he said. Bata is also pushing for offline sales growth and expects a major chunk of growth to come from its expansion under the franchise model, where it plans to add another 125 stores in FY24 and increase its presence at multi-brand outlets (MBOs). Though with the opening of offices and schools, sales of casual wear products have increased, Shah said the trend of casualization would continue in the long term and Bata is pursuing it by extending its mid-premium brands Hush Puppies and Red Label

Bata re-enters premium segment, eyes 20% sales from online channels
Updated On : 15 Aug 2023 | 2:26 PM IST

Optimistic about company's future growth, says Bata India chairman

Footwear maker Bata India chairman Ashwini Windlass is optimistic about the company's future growth given the market outlook and said it is focusing on strategies to retain a high growth trajectory that includes expanding its distribution footprint. Bata India's net profit jumped to Rs 319 crore in 2022-23, up from Rs 100 crore in the previous year. Revenue for the year was Rs 3,451.5 crore, Windlass told shareholders at the company's 90th AGM. The company's retail sales accounted for 75 per cent of its revenue and non-retail the remaining 25 per cent, while R&D expenses during 2022-23 were over Rs 6 crore, he said. The company will invest about Rs 100 crore during the year and will focus on 'casualisation' and 'premiumisation'. It will expand in the multiformat, besides in digital footprint and agile supply chain, he said. Windlass said Bata India wants shorter lifecycles of products tracking the latest fashion and non-footwear is a focus area. Bata India has recently started ..

Optimistic about company's future growth, says Bata India chairman
Updated On : 10 Aug 2023 | 5:10 PM IST

Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors

Stocks to watch on August 10, 2023: Shares of rate sensitive sectors, such as auto, banks and real-estate will be in focus on Thursday as RBI announces its policy decision.

Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors
Updated On : 10 Aug 2023 | 8:41 AM IST

Bata India posts first profit drop in two years on sluggish demand

Bata has lagged its peers due to a slow pace of innovation and ebbing brand pull, while its lower-price products have grown at a slower pace, brokerage Ambit Capital had said in a note in May

Bata India posts first profit drop in two years on sluggish demand
Updated On : 09 Aug 2023 | 11:12 PM IST

Bata Q1FY24 results: Consolidated net profit falls 10% to Rs 106 crore

The total income for Q1FY24 came in at Rs 971.42 crore, compared to Rs 952.3 crore year-on-year

Bata Q1FY24 results: Consolidated net profit falls 10% to Rs 106 crore
Updated On : 09 Aug 2023 | 5:38 PM IST

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens
Updated On : 09 Aug 2023 | 8:00 AM IST

Bata India positive about growth outlook amid short-term headwinds

Geopolitical concerns and doubts about inflation may continue to impact consumer sentiment in the short term, said Bata India managing director and CEO Gunjan Shah. Shah, however, remained positive about the growth and profitability outlook for the company in the latest annual report. He did not elaborate on this. "We have made huge strides this past year. 2023 will be a great year for us. We will strengthen 'OneTeam' collaboration, focus on people development, invest in digitization, and improve efficiency. We are perfectly equipped to achieve future profitable growth," he said. Bata achieved several milestones in FY'23, including crossing the 2,000+ store milestone for the first time and expanding the Sneaker Studios concept. "Expanding our footprint through a combination of franchisee and COCO models, we opened 200 plus franchise stores, shop-in-shop and company-owned-company-operated stores, and the overall store count crossed the impressive 2,000 milestone," Shah said. In FY

Bata India positive about growth outlook amid short-term headwinds
Updated On : 20 Jul 2023 | 12:11 AM IST

LIC's shareholding in Bata India increases from 4.497% to 6.532%

The company raises stake in Tata Power from 5.917% to 7.935%

LIC's shareholding in Bata India increases from 4.497% to 6.532%
Updated On : 25 May 2023 | 7:34 PM IST

Stocks to Watch today, May 19: ITC, Thomas Cook, Zomato, Nexus REIT, IndiGo

Stocks to Watch on Friday: ITC Limited reported a 21.4 per cent YoY growth in standalone net profit at Rs 5,086.9 crore for the March quarter

Stocks to Watch today, May 19: ITC, Thomas Cook, Zomato, Nexus REIT, IndiGo
Updated On : 19 May 2023 | 8:07 AM IST

Bata India's profit rises to Rs 656.23 mn on lower costs, higher demand

The company said in a statement that it had refreshed its portfolio to offer premium products under these brands

Bata India's profit rises to Rs 656.23 mn on lower costs, higher demand
Updated On : 18 May 2023 | 9:55 PM IST

Footwear stocks rally; Khadim, Liberty Shoes, Superhouse zoom up to 20%

Bata India, Metro Brands, Sreeleathers, Relaxo Footwears and Campus Activewear were up in the range of 2 per cent to 7 per cent

Footwear stocks rally; Khadim, Liberty Shoes, Superhouse zoom up to 20%
Updated On : 20 Apr 2023 | 3:03 PM IST

Trading strategies for Bata India and Alembic Pharma by Mehul Kothari

BATA INDIA has been correcting from 1,950 without any meaningful bounce

Trading strategies for Bata India and Alembic Pharma by Mehul Kothari
Updated On : 24 Feb 2023 | 7:15 AM IST