Published
Aug 30, 2021
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Bata India Q1 net loss narrows to Rs 69 crore

Published
Aug 30, 2021

Footwear major Bata India Ltd managed to narrow its consolidated net loss to Rs 69 crore ($9.4 million) for the first quarter ended June 30, 2021, as against a net loss of Rs 101 crore it reported in the year-ago period.
 

Bata India Q1 net loss narrows to Rs 69 crore - Bata


The company’s revenue for the quarter doubled to Rs 267 crore, as against Rs 135 crore it reported in the corresponding period of the previous fiscal year.
 
Bata’s total expenses for the quarter rose to Rs 372 crore as compared with Rs 322 crore in the year-ago period.

Commenting on the results, Bata India CEO, Gunjan Shah, in a statement said: “The first quarter had some challenges for businesses across the country, including Bata's. However, this time around, we were better prepared as we had a more agile contingency plan in place which helped us navigate adroitly through the changing business landscape amidst infection surge.
 
"While our retail outlets were largely shut, we were able to serve our customers through alternate channels such as our website, online market places, Bata Chat shop, and Bata Store on Wheels. These channels have enabled the company to minimise the overall impact of the second wave of the pandemic,” he added.
 
During the quarter, Bata India strengthened its retail presence by opening seven new franchise stores to take its overall count to 234 franchise stores.

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