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Bata India's net profit down 36% in Q2

IANS  |  New Delhi 

Footwear major on Friday reported a 36 percent fall in its standalone net profit to Rs 34.59 crore in the quarter ended September 30 as compared to Rs 54.35 crore in the corresponding quarter last year.

Company's net sales in the quarter under review stood at Rs 583.4 crore, up 2 percent from Rs 574.5 crore.

The shoe-maker said that in the quarter, it strengthened its men's contemporary range with the launch of Bata European collection, an entry in the women's festive segment and expansion of omni-channel presence across stores.

"We started delivering a richer international experience with the launch of destination stores across multiple cities. To further augment the consumer experience, we continue to scale up the omni-channel presence. We continue on our path of launching premium footwear for men and women and consolidating our style relationships with today's discerning consumers," said Bata Emerging Markets' President-South Asia Rajeev Gopalakrishnan.

Company's net profit before tax for the quarter stood at Rs 50.4 crore, up 32 percent over the same period last year.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 18:46 IST
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