Bata India Q3 net profit up 15 percent to Rs 118 crore

By

Maverick Martins

Published
Feb 19, 2020

Leading footwear brand Bata India witnessed a 15 percent jump in its consolidated net profit to Rs 118 crore ($16.5 million) for the quarter ended December 2019, as compared to Rs 103 crore in the year-ago period.
 

The company’s revenue from operations grew 7 percent to Rs 831 crore for the October-December quarter, as against Rs 780 crore it had reported in the corresponding quarter last fiscal.
 
Bata’s tax expenses for the quarter witnessed a 27 fall to Rs 41 crore over Rs 57 crore in Q3 December 2018.

Commenting on the Q3 performance, Sandeep Kataria CEO of Bata India in a statement said: "These results were due to our continued focus on customer-centric portfolio including the new sneakers range, innovations in areas of comfort, design and materials, channel expansion in distribution business, modern trade and franchisee business. New stores and renovations continued to aid consumer experience.”
 
"Despite market headwinds and a pan-India cross-sectoral drop in consumer spending, Bata managed stable growth in Q3 2019-2020, improving its margins and EBIDTA," Kataria added.
 
Bata has a retail network of over 1,415 stores in 450 towns. The company has been witnessing strong growth in India and had reported a net profit of Rs 330 crore with revenue of Rs 2,928 for the financial year 2018-19.