Bata India Q1 profit flat at Rs 50.49 crore

The shares of company settled at Rs 553.20 on BSE, down 4.60% from the previous close

Footwear major Bata India on Wednesday reported a flat growth in standalone net profit at Rs 50.49 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 50.18 crore during the April-June period a year ago.

Net sales were down 1.46% during the quarter under review to Rs 674.26 crore as against Rs 684.29 crore of the corresponding quarter of the last financial , Bata India said in a BSE filing.

Shares of Bata on Wednesday settled at Rs 553.20 on BSE, down 4.60% from the previous close.