Bata India posts Q4 net profit of Rs 63 crore
Footwear major Bata India Ltd reported over two-fold increase in its consolidated net profit at Rs 63 crore ($8.1 million) for the fourth quarter ended March 31, 2022, as against Rs 29 crore in the year-ago period.
The company’s revenue for the quarter rose by 13 percent to Rs 665 crore, as against Rs 590 crore in posted in the corresponding period of the previous fiscal year.
Bata’s total expenses during the quarter were up by six percent to Rs 599 crore, as against Rs 564 crore it posted in the year-ago period.
For the financial year 2021-22, Bata India's consolidated net profit was at Rs 103 crore while its revenue stood at Rs 2,387 crore.
Commenting on the results, Ashwani Windlass, chairman of Bata India in a statement said, “Bata India has had a robust performance and is on a sound trajectory ahead. Given its focus on newer collection, expansion through all channels and omni channel in particular, Bata India is well poised for the future. Its new business model and focus is reflected in the quick retrieval of business to pre pandemic levels and further growth."
Gunjan Shah, managing director CEO of Bata India added, “In the last two quarters, we witnessed significant recovery in demand in the backdrop of improvement in consumer sentiments and deeper understanding of the pandemic, availability of vaccines and faster easing of restrictions. Innovation via agile product creation, scaling up digital channels, expansion in tier 3-5 towns, and productivity enhancement will continue to be a priority along with investments in our brands and stores.”
Bata is one of India’s leading footwear companies with a retail network of over 1,500 stores across India and sells online on all leading e-commerce platforms.
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