Bata reports 27% growth in net profit in Q4
India’s leading footwear brand, Bata announced its financial results for the fourth quarter ended March 31, 2017. The company’s Q4 turnover and net profit stood at Rs 598.0 crore and Rs 35.9 crore, respectively.
Net Profit for the quarter ended March 31,2017 of Rs 35.9 crore has increased by 27 per cent over the corresponding period last year.
“This year, we will be following our strategy of driving store growth in both urban and Tier II markets, apart from launching new collections in the women and youth categories that will re-define the footwear fashion market," President-South Asia, Bata Emerging Markets, Rajeev Gopalakrishnan said in a statement.
"On the brand front, Bata’s focus is to encompass style and fashion to engage with younger consumers and our recent collaboration with fbb Colors Femina Miss India 2017 as their footwear partner establishes Bata’s presence in the modern conversation of style”, he added.
Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands like Bata, Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, Bata Comfit and Bubblegummers to name a few. It retails in over 1,265 Bata stores, on bata.in and in thousands of multi-brand footwear dealer stores pan-India.
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